Shopify Inc.
SHOP | NASDAQ
$158.44
+$0.95 (+0.60%)
Nov 2, 2026, 11:59 AM ET · Market open
Market Data
Market Cap $205.6B
Enterprise Value $199.56B
Beta 2.63
Average Volume 9.02M
Shares Outstanding (Diluted) 1.3B
Shares Change YoY -0.84%
Institutional Ownership 64.35%
Exchange NASDAQ
ISIN CA82509L1076
Price Performance
Price Change 1M 4.7%
Price Change 3M 35.4%
Price Change 6M 24.2%
Price Change YTD -1.6%
Price Change 1Y -8.4%
Price Change 3Y 157.8%
Price Change 5Y 6.0%
1M CAGR (ann.) 22.6%
1Y CAGR (ann.) -12.0%
5Y CAGR (ann.) 2.0%
All-Time CAGR 43.2%
Valuation
PE Ratio 105.68
Forward PE 65.20
PEG Ratio -5.98
Forward PEG 3.38
PS Ratio 15.40
Forward PS 10.60
PB Ratio 16.11
P/FCF Ratio 86.87
P/Adj. FCF Ratio 109.27
P/OCF Ratio 85.58
EV/Sales 15.04
EV/EBIT -364.16
EV/EBITDA -384.51
EV/FCF 84.85
Earnings Yield 0.9%
FCF Yield 1.1%
Adj. FCF Yield 0.9%
Financial Health
Net Cash $4.95B
Total Debt $178M
Cash & Short-Term Investments $4.95B
Total Assets $14.47B
Current Ratio 5.35
Quick Ratio 5.35
Debt / Equity Ratio 0.01
Debt / EBITDA -0.34
Debt / FCF 0.08
OCF / Debt 13.35
Interest Coverage 0.00
Altman Z-Score 70.34
Piotroski F-Score 6
Margins & Profitability
Gross Profit Margin 47.8%
Operating Profit Margin 13.9%
EBITDA Margin 18.1%
Net Profit Margin 14.5%
FCF Margin 17.7%
Adj. FCF Margin 14.1%
SBC / Revenue 3.6%
SBC Impact (per share) -20.5%
Returns
Return on Assets 13.3%
Return on Equity 15.1%
Return on Invested Capital 11.7%
Return on Capital Employed 14.2%
Return on Tangible Assets 13.8%
Historical Growth (CAGR)
Revenue CAGR 3Y 28.2%
Revenue CAGR 5Y 28.1%
Revenue CAGR 10Y 47.0%
EPS CAGR 3Y 17.9%
EPS CAGR 5Y -5.0%
EPS CAGR 10Y 50.9%
FCF CAGR 3Y 102.6%
FCF CAGR 5Y 35.9%
FCF CAGR 10Y 38.8%
Analyst Forecasts
Analyst Rating Buy
Analyst Count 28
EPS Growth Next 3Y 43.6%
Revenue Growth Next 3Y 29.9%
Earnings Date Nov 3, 2026
EPS Estimate (next Q) $0.46
EPS Growth Est (next Q) 35.7%
Revenue Est (next Q) $3.7B
Revenue Growth Est (next Q) 30.1%
Fair Value Estimates
Graham Number $18.12
Graham Upside -88.5%
Lynch Fair Value $7.45
Lynch Upside -95.3%
Price Target $176.16
Price Target Upside 11.9%
Cash Flow
Operating Cash Flow $2.38B
Free Cash Flow $2.35B
Adj. Free Cash Flow $1.87B
FCF Per Share $1.82
OCF Per Share $1.84
OCF/S Ratio 17.9%
Income Statement
Revenue $13.27B
Gross Profit $6.34B
Operating Income $1.84B
EBITDA $-519M
Net Income $1.93B
EPS (Diluted) $1.49
Revenue / Employee $1.75M
Profit / Employee $253.68K
Employees 7,600
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