Shopify (SHOP) Stock Price
Shopify Price
Revenue has compounded at 61.0% per year over the past 13 years to 11.56 B USD. Earnings per share have grown at 29.9% per year over the last 5 years. Shopify's net margin stands at 10.7%, down from 63.2% several years earlier. Analysts set a median price target of 175.00 USD, implying 20.6% above the current price. Of 53 analysts, 42 rate the stock a buy — an overall Buy consensus. The stock trades about 44% above its 52-week low.
Shopify stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Shopify over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Shopify stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Shopify's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Shopify Price |
|---|---|
| 9/4/2026 | 145.09 USD |
| 9/3/2026 | 145.88 USD |
| 9/2/2026 | 141.87 USD |
| 9/1/2026 | 139.82 USD |
| 8/31/2026 | 147.82 USD |
| 8/28/2026 | 155.05 USD |
| 8/27/2026 | 154.88 USD |
| 8/26/2026 | 150.29 USD |
| 8/25/2026 | 153.88 USD |
| 8/24/2026 | 150.29 USD |
| 8/21/2026 | 149.25 USD |
| 8/20/2026 | 147.18 USD |
| 8/19/2026 | 148.07 USD |
| 8/18/2026 | 147.93 USD |
| 8/14/2026 | 154.32 USD |
| 8/13/2026 | 158.53 USD |
| 8/12/2026 | 150.18 USD |
| 8/10/2026 | 154.20 USD |
| 8/7/2026 | 151.57 USD |
| 8/6/2026 | 147.44 USD |
| 8/5/2026 | 146.56 USD |
| 8/4/2026 | 120.20 USD |
| 8/3/2026 | 117.01 USD |
| 7/31/2026 | 117.15 USD |
| 7/30/2026 | 122.40 USD |
| 7/29/2026 | 130.71 USD |
| 7/27/2026 | 123.78 USD |
| 7/23/2026 | 112.00 USD |
| 7/22/2026 | 118.42 USD |
| 7/21/2026 | 123.03 USD |
Shopify Revenue, EBIT, Net Income
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Shopify Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB USD |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB USD |
| EBITB USD |
| EBIT MARGIN% |
| NET INCOMEB USD |
| NET INCOME GROWTH% |
| SHARESB |
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e | 2029e | 2030e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.21 | 0.39 | 0.67 | 1.07 | 1.58 | 2.93 | 4.61 | 5.60 | 7.06 | 8.88 | 11.56 | 15.40 | 19.36 | 24.25 | 28.83 | 34.06 |
| 95.24 | 89.76 | 73.01 | 59.44 | 47.06 | 85.61 | 57.43 | 21.45 | 26.07 | 25.78 | 30.14 | 33.26 | 25.75 | 25.23 | 18.89 | 18.15 |
| 54.15 | 53.73 | 56.46 | 55.55 | 54.82 | 52.61 | 53.81 | 49.18 | 49.79 | 50.36 | 48.07 | 48.07 | 48.07 | 48.07 | 48.07 | 48.07 |
| 0.11 | 0.21 | 0.38 | 0.60 | 0.87 | 1.54 | 2.48 | 2.75 | 3.52 | 4.47 | 5.56 | 7.40 | 9.31 | 11.66 | 13.86 | 16.37 |
| -0.02 | -0.04 | -0.05 | -0.09 | -0.14 | 0.09 | 0.27 | -0.82 | -1.42 | 1.08 | 1.47 | 2.61 | 3.28 | 4.10 | 4.88 | 5.77 |
| -8.29 | -9.51 | -7.28 | -8.48 | -8.94 | 3.07 | 5.81 | -14.68 | -20.08 | 12.11 | 12.70 | 16.92 | 16.92 | 16.92 | 16.92 | 16.92 |
| -0.02 | -0.04 | -0.04 | -0.06 | -0.12 | 0.32 | 2.91 | -3.46 | 0.13 | 2.02 | 1.23 | 2.51 | 3.25 | 4.39 | 4.99 | 5.93 |
| -18.18 | 94.44 | 11.43 | 64.10 | 93.75 | -357.26 | 813.48 | -218.74 | -103.82 | 1,429.55 | -39.03 | 104.22 | 29.36 | 34.93 | 13.76 | 18.71 |
| 0.78 | 0.89 | 1.00 | 1.08 | 1.16 | 1.25 | 1.26 | 1.27 | 1.30 | 1.29 | 1.30 | 1.30 | 1.30 | 1.30 | 1.30 | 1.30 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Shopify generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Shopify retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Shopify's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Shopify has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Shopify's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Shopify stock margins
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Shopify Stock Revenue, EBIT, Earnings per Share
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Shopify business model & stock analysis
Shopify SWOT Analysis
Strengths
Shopify Inc has several key strengths that contribute to its success in the market. Firstly, the company offers a user-friendly and intuitive e-commerce platform that allows businesses to easily set up and manage their online stores. This ease of use attracts a wide range of customers, including those without technical expertise.
Secondly, Shopify provides a comprehensive range of features and tools, including secure payment gateways, customizable themes, and mobile-responsive designs. This enables businesses to create professional and visually appealing storefronts to enhance the customer shopping experience.
Thirdly, Shopify has a robust ecosystem of third-party apps and integrations that allow businesses to extend the functionality of their online stores. This flexibility and scalability make Shopify a preferred choice for both small and large enterprises.
Weaknesses
Despite its strengths, Shopify Inc also faces certain weaknesses. One notable weakness is the relatively high cost associated with using Shopify's platform. This may deter price-sensitive businesses, particularly small startups or solopreneurs, from using Shopify as their e-commerce solution.
Additionally, while Shopify does offer a wide range of themes and templates, customization options may be limited for businesses with unique design requirements. This could result in some companies seeking alternative platforms that offer more flexibility in terms of visual branding.
Opportunities
One major opportunity for Shopify lies in the global e-commerce market, which continues to grow rapidly. By expanding its reach and targeting international markets, Shopify can tap into new customer segments and increase its market share. The company has already made progress in this area by supporting multiple languages and currencies.
Moreover, the increasing trend of mobile shopping presents another opportunity. Shopify can further optimize its platform for mobile devices and provide additional features tailored for mobile commerce, allowing businesses to effectively target smartphone users.
Threats
Shopify faces several threats in the highly competitive e-commerce industry. One significant threat is the presence of well-established competitors, such as WooCommerce and Magento, that offer similar e-commerce solutions. In order to maintain its market position, Shopify must continuously innovate and enhance its platform to stay ahead of the competition.
Another threat is the risk of cybersecurity breaches and data breaches. As an e-commerce platform handling sensitive customer data, Shopify must prioritize robust security measures to protect customer information and maintain trust in its platform.
Shopify Employees
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Shopify Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Shopify historical P/E ratio, EBIT multiple, and P/S ratio
Shopify annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Shopify shares outstanding
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Shopify stock splits
Current Shopify forecasts and price targets in September 2026
Analyst Price Targets 2026Shopify Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 8/7/2026 | Maintained | Overweight | 55 | |
| 8/6/2026 | Maintained | Outperform | 58 | |
| 8/6/2026 | Maintained | Neutral | 46 | |
| 8/6/2026 | Maintained | Buy | – | |
| 8/6/2026 | Maintained | Outperform | 49 | |
| 8/6/2026 | Maintained | Buy | 60 | |
| 8/6/2026 | Maintained | Outperform | 62 | |
| 8/6/2026 | Maintained | Buy | 55 | |
| 8/6/2026 | Maintained | Market Outperform | – | |
| 8/6/2026 | Maintained | Neutral | 41 |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
Shopify Earnings Calls
Shopify Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 8/5/2026 | 0.41USD | - | 3.51 BUSD | - | 2026 Q2 |
| 5/5/2026 | 0.34USD | - | 3.14 BUSD | - | 2026 Q1 |
| 2/18/2026 | 0.52USD | - | 3.66 BUSD | - | 2025 Q4 |
| 11/12/2024 | 0.28USD | - | 2.16 BUSD | - | 2024 Q3 |
| 5/2/2024 | 0.21USD | - | 1.84 BUSD | - | 2024 Q1 |
| 2/13/2024 | 0.31USD | - | 2.11 BUSD | - | 2023 Q4 |
| 7/25/2023 | -0.03USD | - | 1.61 BUSD | - | 2023 Q2 |
| 5/3/2023 | -0.02USD | - | 1.48 BUSD | - | 2023 Q1 |
| 2/14/2023 | -0.01USD | - | 1.67 BUSD | - | 2022 Q4 |
| 10/27/2022 | -0.07USD | - | 1.36 BUSD | - | 2022 Q3 |
EESG©
Eulerpool ESG Scorecard© for the Shopify stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
Shopify shareholder structure
| % | Name |
|---|---|
3.83616% | |
3.51235% | |
2.58516% | |
2.58223% | |
2.22398% | |
1.97184% |
Shopify Beneficial Ownership Filings (SEC 13D/G)
| Stake | Holder | Filing |
|---|---|---|
18.85% |  | SEC ↗ |
18.85% | | SEC ↗ |
15.00% | SEC ↗ | |
15.00% | SEC ↗ | |
14.19% | SEC ↗ | |
11.00% | SEC ↗ | |
10.40% | SEC ↗ | |
10.20% |  | SEC ↗ |
9.60% | SEC ↗ | |
8.20% | SEC ↗ |
Shopify Executives and Management Board
13 members · avg. age 49 · 31 % women
Mr. Tobias Luetke (44)
Chairman of the Board, Chief Executive Officer & Head of R&D, Co-Founder · since 2004
150.00 M USD
Management
Mr. Jeff Hoffmeister (55)
Chief Financial Officer
Ms. Jessica Hertz (43)
General Counsel
Mr. Harley Finkelstein (41)
President
Board of Directors
Mr. Prashanth Mahendra-Rajah (55)
Independent Director
Ms. Lulu Meservey (38)
Independent Director
Mr. Kevin Scott (53)
Independent Director
Mr. David Hansson (45)
Independent Director
Ms. Gail Goodman (64)
Independent Director
Ms. Fidji Simo (39)
Independent Director
Frequently asked questions about Shopify
Shopify Inc's business model revolves around providing an e-commerce platform for businesses to create, manage, and grow their online stores. Serving as an all-in-one solution, Shopify offers tools for website design, product inventory management, order fulfillment, secure payment processing, and marketing. With its user-friendly interface and customizable themes, businesses can showcase their products, attract customers, and facilitate seamless transactions. Shopify derives its revenue from monthly subscription fees, transaction fees, and additional services like app integrations and marketing solutions. By empowering businesses to establish an online presence easily, Shopify has become a leading player in the e-commerce industry.
Shopify Inc is primarily active in the e-commerce industry.
The main competitors of Shopify Inc in the market include BigCommerce Holdings Inc, Squarespace Inc, Wix.com Ltd, and WooCommerce (owned by Automattic Inc).
Shopify Inc is a renowned e-commerce platform that enables businesses to create and manage online stores. Founded in 2006 by Tobias Lütke, Daniel Weinand, and Scott Lake, Shopify has grown exponentially since its inception. It was developed as an in-house platform for a snowboard shop called Snowdevil, but later expanded to support other businesses. Headquartered in Ottawa, Canada, Shopify has become a leading player in the e-commerce industry, empowering entrepreneurs and merchants worldwide. With numerous features and integrations, Shopify provides a user-friendly interface to design, launch, and maintain online stores. Its history reflects a continuous commitment to innovation and catering to the evolving needs of businesses in the digital landscape.
Shopify Inc has achieved several significant milestones since its inception. Notably, the company went public in 2015 and experienced tremendous growth ever since. In 2019, Shopify reported surpassing one million merchants on its platform, highlighting its strong market presence. Furthermore, the company has continually expanded its offerings, introducing new features and integrations to enhance the e-commerce experience for its users. Shopify's robust ecosystem and innovative solutions have propelled its success, leading to its inclusion in the prestigious S&P 500 index in 2020. With a solid track record of accomplishments, Shopify Inc continues to redefine and dominate the e-commerce industry.
Shopify Inc is primarily present in multiple countries and regions worldwide. As a leading global e-commerce platform, Shopify serves customers from various corners of the globe. Some of the key countries and regions where Shopify Inc operates include the United States, Canada, the United Kingdom, Australia, Germany, and France. With a strong international presence, Shopify empowers businesses across these regions to establish and expand their online presence, sell products, and provide seamless customer experiences. By leveraging its robust technological infrastructure and comprehensive support services, Shopify Inc continues to be a preferred choice for businesses seeking an effective and reliable e-commerce solution.
Shopify Inc represents values of simplicity, entrepreneurship, and empowerment. As a leading e-commerce platform, Shopify's corporate philosophy revolves around providing easy-to-use tools for businesses to start, grow and succeed online. The company aims to empower entrepreneurs to achieve their dreams by offering a comprehensive set of features, including customizable storefronts, secure payment processing, and effective marketing solutions. With a strong emphasis on customer success, Shopify fosters a supportive and inclusive environment where businesses of all sizes can thrive. By constantly innovating and adapting, Shopify strives to make commerce better for everyone.
Analysts currently set an average price target of 166.41 USD for the Shopify stock (median: 175.00 USD), implying +13.3 % versus the latest price. The consensus is based on 53 analyst ratings.
53 analysts currently rate the Shopify stock: 42 recommend buying, 10 holding and 1 selling. For 2026, analysts expect Shopify to generate revenue of 15.39 B USD and earnings per share of 1.93 USD.
Converted at the current exchange rate, the Shopify share trades at 124.94 EUR (145.09 USD).
The Shopify share (SHOP) is listed on 12 stock exchanges, including: NYSE (SHOP), XETRA (307.DE), Frankfurt (307.F), Tradegate (307), München (307.MU), Stuttgart (307.SG), Düsseldorf (307.DU), Berlin (307.BE).
Shopify Inc. is a Canadian company that offers e-commerce platforms for small and medium-sized businesses. It was founded in 2006 by Tobias Lütke, Daniel Weinand, and Scott Lake in Ottawa, Canada. Shopify provides a range of products and services, including an e-commerce platform, a mobile point-of-sale system, Shopify Payments, gift cards, customer loyalty programs, and Shopify Plus for larger businesses. They also operate a marketplace for apps and templates to enhance the functionality of their e-commerce platform. Shopify aims to support small and medium-sized businesses in being successful in e-commerce by offering tailored solutions and extensive support and training.
The expected revenue of Shopify is 15.39 B USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Shopify is 2.51 B USD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Shopify is currently 75.34. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Shopify stock.
The price-to-sales ratio (P/S) of Shopify is currently 12.30. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Shopify stock.
The Eulerpool Quality Score for Shopify is 6/10.
The ISIN of Shopify is CA82509L1076. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Shopify is A14TJP. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Shopify is SHOP. The ticker symbol is used to trade Shopify shares on the stock exchange.
Shopify paid dividends every year for the past 0 years.
Shopify is assigned to the 'Information technology' sector.
The dividends of Shopify are distributed in USD.
Shopify stock
Shopify Peer Group
Shopify Ticker
Shopify FIGI
All fundamentals and in-depth analysis of Shopify
Our stock analysis for Shopify stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Shopify. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.