Company Overview
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is based in Ottawa, Canada.
Why Investors Should Care
Generates a return on equity of 15.5%, reflecting efficient use of shareholder capital.
Revenue has grown at a 27.3% CAGR over the past five years.
Operating margin of 17.6% supports profitability.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $11.56B (+30.1% YoY); net profit $1.23B.
- Trailing 12 Months Year-on-year growth — revenue +33.7%, earnings +68.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 27.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 27.31% |
| 1 Year: | 33.70% |
Compounded Profit Growth
| 5 Years: | - |
| 1 Year: | 68.10% |
Stock Price Performance
| 1 Year: | +12.47% |
| 6 Months: | +35.89% |
| 3 Months: | +48.40% |
| 1 Month: | +18.60% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Shopify Magic (AI copywriting, image), Sidekick assistant, Shop AI search.
- Shopify Magic & Sidekick Shopify's GenAI (Magic, Sidekick) helps merchants generate content, manage stores and get AI-driven business guidance.
- AI commerce & agentic shopping Shopify is positioning to power AI-agent and conversational commerce as buying behaviour shifts.
- AI in operations & ads Machine learning optimises merchant marketing, fraud and logistics across the platform.
- AI deepens merchant productivity and stickiness on a leading commerce platform.
- Strong ~34% revenue growth turning solidly profitable (net margin ~11%).
- Agentic-commerce positioning is a large optionality leg.
- Premium valuation and consumer/SMB cyclicality are risks.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 27.3% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 114.1.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SHOP Shopify Inc. NDXAITECH | 168.81 | 114.06 | $204.02B | 0.00% | 10.64% | 15.54% | 27.31% | - |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 212.21 | 26.79 | $5.12T | 0.46% | 74.66% | 117.21% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 348.22 | 39.93 | $5.08T | 0.32% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 521.08 | 29.00 | $3.87T | 0.79% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 412.35 | 30.73 | $2.14T | 0.95% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 323.24 | 41.28 | $1.54T | 0.72% | 16.70% | 44.25% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 856.49 | 19.34 | $967.31B | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 507.93 | 129.57 | $829.18B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,560.54 | 50.65 | $599.40B | 0.50% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.86B | 2.04B | 2.16B | 2.36B | 2.68B | 2.84B | 3.17B | 3.58B |
| Gross Profit | 957.00M | 1.04B | 1.12B | 1.17B | 1.30B | 1.39B | 1.55B | 1.71B |
| Operating Income | 86.00M | 241.00M | 283.00M | 203.00M | 291.00M | 343.00M | 382.00M | 488.00M |
| Net Income | -273.00M | 171.00M | 828.00M | -682.00M | 906.00M | 264.00M | -581.00M | 1.50B |
| Diluted EPS | -0.21 | 0.13 | 0.64 | -0.53 | 0.69 | 0.20 | -0.45 | 1.16 |
| R&D Expense | 335.00M | 349.00M | 332.00M | 377.00M | 394.00M | 375.00M | 437.00M | 445.00M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 5.60B | 7.06B | 8.88B | 11.56B |
| Gross Profit | 2.75B | 3.52B | 4.47B | 5.55B |
| Operating Income | -822.00M | -1.42B | 1.07B | 1.47B |
| Net Income | -3.46B | 132.00M | 2.02B | 1.23B |
| Diluted EPS | -2.73 | 0.10 | 1.55 | 0.94 |
| R&D Expense | 1.50B | 1.73B | 1.37B | 1.54B |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | - | 11.30B | 13.92B | 15.19B |
| Total Equity | 11.13B | 8.24B | 9.07B | 11.56B | 13.47B |
| Cash & Equivalents | - | - | 1.41B | 1.50B | 1.54B |
| Current Liabilities | - | - | 898.00M | 1.96B | 1.39B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Operating Cash Flow | -136.00M | 944.00M | 1.62B | 2.03B |
| Investing Cash Flow | -719.00M | -1.24B | -1.59B | -1.19B |
| Financing Cash Flow | 18.00M | 60.00M | 61.00M | -811.00M |
| Capital Expenditure | -50.00M | -39.00M | -19.00M | -26.00M |
| Free Cash Flow | -186.00M | 905.00M | 1.60B | 2.01B |
Ratios (Annual)
Figures in %.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Gross Margin % | 49.2% | 49.8% | 50.4% | 48.1% |
| Operating Margin % | -14.7% | -20.1% | 12.1% | 12.7% |
| Net Margin % | -61.8% | 1.9% | 22.7% | 10.7% |
| ROE % | -42.0% | 1.5% | 17.5% | 9.1% |
| ROCE % | - | -13.6% | 9.0% | 10.6% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Capital International Investors | 4.54% | 54.89M | $9.38B |
| 2 | FMR, LLC | 3.90% | 47.18M | $8.06B |
| 3 | Invesco Ltd. | 3.03% | 36.57M | $6.25B |
| 4 | Capital World Investors | 2.82% | 34.09M | $5.82B |
| 5 | Vanguard Capital Management LLC | 2.82% | 34.13M | $5.83B |
| 6 | BAILLIE GIFFORD & CO | 2.35% | 28.40M | $4.85B |
| 7 | Morgan Stanley | 2.11% | 25.52M | $4.36B |
| 8 | Price (T.Rowe) Associates Inc | 2.05% | 24.75M | $4.23B |
| 9 | Royal Bank of Canada | 1.95% | 23.53M | $4.02B |
| 10 | FIL LTD | 1.60% | 19.28M | $3.29B |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for SHOP
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SHOP — Frequently Asked Questions
What is the current share price of Shopify Inc. (SHOP)?
As of 2026-10-22 16:30 PDT, Shopify Inc. (SHOP) trades at $168.81 on NasdaqGS. Its 52-week range is $95.40 to $179.22.
What is the market capitalisation of SHOP?
Shopify Inc. (SHOP) has a market capitalisation of $204.02B on NasdaqGS.
What is the P/E ratio of SHOP?
SHOP trades at a trailing price-to-earnings (P/E) ratio of 114.06. The industry average P/E is 30.05. Its price-to-book (P/B) ratio is 13.06.
What is the return on equity (ROE) of SHOP?
SHOP has a return on equity (ROE) of 15.54%. Its return on capital employed (ROCE) is 10.64%.
Is SHOP a good stock to buy?
This page provides a data-driven analysis of Shopify Inc. (SHOP), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.