Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
103.00
-1.86 (-1.77%)
At close: May 22, 2026, 4:00 PM EDT
103.25
+0.25 (0.24%)
After-hours: May 22, 2026, 7:59 PM EDT

Shopify Statistics

Total Valuation

Shopify has a market cap or net worth of $134.00 billion. The enterprise value is $127.73 billion.

Market Cap134.00B
Enterprise Value 127.73B

Important Dates

The last earnings date was Tuesday, May 5, 2026, before market open.

Earnings Date May 5, 2026
Ex-Dividend Date n/a

Share Statistics

Shopify has 1.30 billion shares outstanding. The number of shares has increased by 0.26% in one year.

Current Share Class 1.22B
Shares Outstanding 1.30B
Shares Change (YoY) +0.26%
Shares Change (QoQ) +0.06%
Owned by Insiders (%) 6.16%
Owned by Institutions (%) 64.66%
Float 1.22B

Valuation Ratios

The trailing PE ratio is 101.47 and the forward PE ratio is 54.49. Shopify's PEG ratio is 2.12.

PE Ratio 101.47
Forward PE 54.49
PS Ratio 10.84
Forward PS 8.54
PB Ratio 10.72
P/TBV Ratio 11.18
P/FCF Ratio 63.21
P/OCF Ratio 62.41
PEG Ratio 2.12
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 59.46, with an EV/FCF ratio of 60.25.

EV / Earnings 95.89
EV / Sales 10.33
EV / EBITDA 59.46
EV / EBIT 60.31
EV / FCF 60.25

Financial Position

The company has a current ratio of 6.20, with a Debt / Equity ratio of 0.01.

Current Ratio 6.20
Quick Ratio 4.53
Debt / Equity 0.01
Debt / EBITDA 0.08
Debt / FCF 0.08
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is 11.31% and return on invested capital (ROIC) is 23.25%.

Return on Equity (ROE) 11.31%
Return on Assets (ROA) 9.62%
Return on Invested Capital (ROIC) 23.25%
Return on Capital Employed (ROCE) 16.61%
Weighted Average Cost of Capital (WACC) 18.76%
Revenue Per Employee $1.63M
Profits Per Employee $175,263
Employee Count7,600
Asset Turnover 0.90
Inventory Turnover n/a

Taxes

In the past 12 months, Shopify has paid $313.00 million in taxes.

Income Tax 313.00M
Effective Tax Rate 19.03%

Stock Price Statistics

The stock price has increased by +0.66% in the last 52 weeks. The beta is 2.64, so Shopify's price volatility has been higher than the market average.

Beta (5Y) 2.64
52-Week Price Change +0.66%
50-Day Moving Average 116.54
200-Day Moving Average 140.39
Relative Strength Index (RSI) 41.41
Average Volume (20 Days) 13,689,877

Short Selling Information

The latest short interest is 19.10 million, so 1.47% of the outstanding shares have been sold short.

Short Interest 19.10M
Short Previous Month 21.74M
Short % of Shares Out 1.47%
Short % of Float 1.57%
Short Ratio (days to cover) 2.60

Income Statement

In the last 12 months, Shopify had revenue of $12.37 billion and earned $1.33 billion in profits. Earnings per share was $1.02.

Revenue12.37B
Gross Profit 5.93B
Operating Income 2.12B
Pretax Income 1.65B
Net Income 1.33B
EBITDA 2.15B
EBIT 2.12B
Earnings Per Share (EPS) $1.02
Full Income Statement

Balance Sheet

The company has $5.74 billion in cash and $179.00 million in debt, with a net cash position of $6.27 billion or $4.82 per share.

Cash & Cash Equivalents 5.74B
Total Debt 179.00M
Net Cash 6.27B
Net Cash Per Share $4.82
Equity (Book Value) 12.50B
Book Value Per Share 9.61
Working Capital 7.12B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $2.15 billion and capital expenditures -$27.00 million, giving a free cash flow of $2.12 billion.

Operating Cash Flow 2.15B
Capital Expenditures -27.00M
Depreciation & Amortization 30.00M
Net Borrowing -1.04B
Free Cash Flow 2.12B
FCF Per Share $1.63
Full Cash Flow Statement

Margins

Gross margin is 47.97%, with operating and profit margins of 17.13% and 10.77%.

Gross Margin 47.97%
Operating Margin 17.13%
Pretax Margin 13.30%
Profit Margin 10.77%
EBITDA Margin 17.37%
EBIT Margin 17.13%
FCF Margin 17.14%

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 -0.26%
Shareholder Yield -0.26%
Earnings Yield 0.99%
FCF Yield 1.58%
Dividend Details

Analyst Forecast

The average price target for Shopify is $152.76, which is 48.31% higher than the current price. The consensus rating is "Buy".

Price Target $152.76
Price Target Difference 48.31%
Analyst Consensus Buy
Analyst Count 51
Revenue Growth Forecast (5Y) 21.15%
EPS Growth Forecast (5Y) 27.88%
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 65.83 and a Piotroski F-Score of 6.

Altman Z-Score 65.83
Piotroski F-Score 6