Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
123.75
-4.05 (-3.17%)
At close: Mar 18, 2026, 4:00 PM EDT
123.32
-0.43 (-0.35%)
After-hours: Mar 18, 2026, 7:59 PM EDT

Shopify Statistics

Total Valuation

Shopify has a market cap or net worth of $161.38 billion. The enterprise value is $154.75 billion.

Market Cap161.38B
Enterprise Value 154.75B

Important Dates

The next estimated earnings date is Thursday, May 7, 2026, before market open.

Earnings Date May 7, 2026
Ex-Dividend Date n/a

Share Statistics

Shopify has 1.30 billion shares outstanding. The number of shares has increased by 0.27% in one year.

Current Share Class 1.23B
Shares Outstanding 1.30B
Shares Change (YoY) +0.27%
Shares Change (QoQ) -0.79%
Owned by Insiders (%) 6.14%
Owned by Institutions (%) 65.38%
Float 1.22B

Valuation Ratios

The trailing PE ratio is 131.65 and the forward PE ratio is 67.66. Shopify's PEG ratio is 2.16.

PE Ratio 131.65
Forward PE 67.66
PS Ratio 13.97
Forward PS 11.00
PB Ratio 11.98
P/TBV Ratio 12.46
P/FCF Ratio 80.41
P/OCF Ratio 79.38
PEG Ratio 2.16
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 80.22, with an EV/FCF ratio of 77.11.

EV / Earnings 125.71
EV / Sales 13.39
EV / EBITDA 80.22
EV / EBIT 81.53
EV / FCF 77.11

Financial Position

The company has a current ratio of 5.96, with a Debt / Equity ratio of 0.01.

Current Ratio 5.96
Quick Ratio 4.58
Debt / Equity 0.01
Debt / EBITDA 0.10
Debt / FCF 0.09
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is 9.84% and return on invested capital (ROIC) is 20.52%.

Return on Equity (ROE) 9.84%
Return on Assets (ROA) 8.15%
Return on Invested Capital (ROIC) 20.52%
Return on Capital Employed (ROCE) 13.76%
Weighted Average Cost of Capital (WACC) 20.17%
Revenue Per Employee $1.52M
Profits Per Employee $161,974
Employee Count7,600
Asset Turnover 0.79
Inventory Turnover 255.36

Taxes

In the past 12 months, Shopify has paid $278.00 million in taxes.

Income Tax 278.00M
Effective Tax Rate 18.42%

Stock Price Statistics

The stock price has increased by +28.12% in the last 52 weeks. The beta is 2.90, so Shopify's price volatility has been higher than the market average.

Beta (5Y) 2.90
52-Week Price Change +28.12%
50-Day Moving Average 132.78
200-Day Moving Average 140.51
Relative Strength Index (RSI) 46.45
Average Volume (20 Days) 9,764,057

Short Selling Information

The latest short interest is 16.42 million, so 1.26% of the outstanding shares have been sold short.

Short Interest 16.42M
Short Previous Month 14.47M
Short % of Shares Out 1.26%
Short % of Float 1.34%
Short Ratio (days to cover) 0.94

Income Statement

In the last 12 months, Shopify had revenue of $11.56 billion and earned $1.23 billion in profits. Earnings per share was $0.94.

Revenue11.56B
Gross Profit 5.56B
Operating Income 1.90B
Pretax Income 1.51B
Net Income 1.23B
EBITDA 1.93B
EBIT 1.90B
Earnings Per Share (EPS) $0.94
Full Income Statement

Balance Sheet

The company has $5.85 billion in cash and $188.00 million in debt, with a net cash position of $6.63 billion or $5.09 per share.

Cash & Cash Equivalents 5.85B
Total Debt 188.00M
Net Cash 6.63B
Net Cash Per Share $5.09
Equity (Book Value) 13.47B
Book Value Per Share 10.33
Working Capital 6.90B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $2.03 billion and capital expenditures -$26.00 million, giving a free cash flow of $2.01 billion.

Operating Cash Flow 2.03B
Capital Expenditures -26.00M
Free Cash Flow 2.01B
FCF Per Share $1.54
Full Cash Flow Statement

Margins

Gross margin is 48.07%, with operating and profit margins of 16.42% and 10.65%.

Gross Margin 48.07%
Operating Margin 16.42%
Pretax Margin 13.06%
Profit Margin 10.65%
EBITDA Margin 16.69%
EBIT Margin 16.42%
FCF Margin 17.37%

Dividends & Yields

Shopify does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -0.27%
Shareholder Yield -0.27%
Earnings Yield 0.76%
FCF Yield 1.24%
Dividend Details

Analyst Forecast

The average price target for Shopify is $163.67, which is 32.26% higher than the current price. The consensus rating is "Buy".

Price Target $163.67
Price Target Difference 32.26%
Analyst Consensus Buy
Analyst Count 34
Revenue Growth Forecast (5Y) 22.65%
EPS Growth Forecast (5Y) 34.98%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on June 29, 2022. It was a forward split with a ratio of 10:1.

Last Split Date Jun 29, 2022
Split Type Forward
Split Ratio 10:1

Scores

Shopify has an Altman Z-Score of 59.52 and a Piotroski F-Score of 6.

Altman Z-Score 59.52
Piotroski F-Score 6