Shopify (SHOP) Stock Price

Shopify Price

🇨🇦TSX·CLOSED
132.84USD
Market closed
Today +/-
-2.28 USD
Today %
-1.70 %
PRO

Shopify (SHOP) — ISIN CA82509L1076. The Shopify stock price was 132.84 USD in 2026. Revenue was 14.87 B USD. Earnings were 2.47 B USD. P/E ratio was 70.18. Shopify operates in the Information technology sector.

Shopify stock price

Details

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.

Shopify Stock Price History
DateShopify Price
3/6/2026132.84 USD
3/5/2026135.12 USD
2/27/2026124.82 USD
2/26/2026125.18 USD
2/25/2026120.36 USD
2/23/2026117.64 USD
2/20/2026126.63 USD
2/19/2026123.79 USD
2/18/2026121.99 USD
2/16/2026113.54 USD
2/12/2026112.70 USD
2/11/2026110.66 USD
2/10/2026118.71 USD
2/9/2026127.24 USD
2/8/2026118.40 USD
2/5/2026112.05 USD
2/4/2026111.24 USD

Shopify Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2012
23.71 M USD
-1.51 M USD
-1.23 M USD
Jan 1, 2013
50.25 M USD
-4.27 M USD
-4.84 M USD
Jan 1, 2014
105.02 M USD
-21.62 M USD
-22.31 M USD
Jan 1, 2015
205.23 M USD
-17.76 M USD
-18.79 M USD
Jan 1, 2016
389.33 M USD
-37.17 M USD
-35.36 M USD
Jan 1, 2017
673.3 M USD
-49.16 M USD
-40 M USD
Jan 1, 2018
1.07 B USD
-91.92 M USD
-64.55 M USD
Jan 1, 2019
1.58 B USD
-141.15 M USD
-124.84 M USD
Jan 1, 2020
2.93 B USD
148.48 M USD
319.51 M USD
Jan 1, 2021
4.61 B USD
298.79 M USD
2.91 B USD
Jan 1, 2022
5.6 B USD
-640.99 M USD
-3.46 B USD
Jan 1, 2023
7.06 B USD
-40 M USD
133 M USD
Jan 1, 2024
8.88 B USD
1.08 B USD
2.02 B USD
Jan 1, 2025
11.56 B USD
1.48 B USD
1.23 B USD
Invalid Date
14.87 B USD
2.58 B USD
2.47 B USD

Shopify Income Statement, Balance Sheet, Cash Flow Statement

Last updated Mar 6, 2026, 6:52 PM
 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
SHARES (B)
DOCUMENTS
201220132014201520162017201820192020202120222023202420252026e2027e2028e2029e2030e2031e
0.020.050.110.210.390.671.071.582.934.615.67.068.8811.5614.8718.4222.6426.5732.8140.73
117.39110.0095.2489.7673.0159.4447.0685.6157.4321.4326.0925.7830.1428.6723.8722.9017.4023.4524.15
78.2672.0058.1055.1253.7356.4655.5554.8252.6153.8149.1949.7950.3648.0737.3630.1624.5420.9016.9313.64
0.020.040.060.110.210.380.60.871.542.482.753.524.475.565.565.565.565.565.565.56
-0-0-0.02-0.02-0.04-0.04-0.06-0.120.322.91-3.460.132.021.232.473.163.714.615.946.24
300.00450.00-18.1894.4411.4364.1093.75-357.26813.48-218.74-103.841,418.05-39.03100.6527.8917.5424.1328.795.15
0.740.740.740.620.840.961.061.131.231.271.271.31.31.31.31.31.31.31.31.3
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.

 
ASSETS
CASH BALANCE (B USD)
RECEIVABLES (M USD)
OTHER REC. (B USD)
INVENTORIES (M USD)
OTHER CURRENT LIAB. (M USD)
CURRENT ASSETS (B USD)
TANGIBLE ASSETS (M USD)
LONG-T. INVEST. (B USD)
LONG-T. REC. (M USD)
INTANGIBLE ASSETS (M USD)
GOODWILL (B USD)
OTHER NON-CURRENT ASSETS (M USD)
NON-CURRENT ASSETS (B USD)
TOTAL ASSETS (B USD)
LIABILITIES
COMMON STOCK (B USD)
ADDITIONAL PAID-IN CAPITAL (M USD)
RETAINED EARNINGS (B USD)
OTHER EQUITY (M USD)
UNREAL. GAINS/LOSSES (M USD)
EQUITY (B USD)
LIABILITIES (M USD)
PROVISIONS (M USD)
OTHER SHORT-TERM LIAB. (M USD)
SHORT-TERM DEBTS (M USD)
LONG-TERM DEBT PORTION (M USD)
SHORT-TERM REC. (B USD)
LONG-T. LIAB. (M USD)
DEFERRED TAXES (M USD)
OTHER LIAB. (M USD)
LONG-T. LIABILITIES (B USD)
DEBT (B USD)
TOTAL CAPITAL (B USD)
2013201420152016201720182019202020212022202320242025
             
0.080.060.190.390.941.972.466.397.775.055.015.485.78
1.131.542.785.1116.728.9547.0471.09140.2218.17209271366
00.0100.020.050.10.190.350.530.640.91.331.95
0000000000000
1.081.56.28.9918.626.1948.8368.25103.27139.66159177200
0.090.070.20.421.032.132.746.888.546.056.287.258.3
4.4921.7333.0545.7250.3661.61246.17211.48301.91485.97147140141
00000000.173.961.954.3866.16
0000000000000
0.932.715.836.4417.2126.07167.28135.68138.5390.15292230
0000.020.020.040.310.310.361.840.430.450.49
00000019.4352.6848.3740.82445872
0.010.030.040.070.090.130.740.894.84.715.026.676.89
0.10.10.240.491.112.253.497.7613.3410.7611.313.9215.19
             
0.090.090.230.471.082.223.266.128.048.759.29.6310.38
2.075.6911.7227.0143.3974.8162.63261.44161.0730.21251305236
-0.01-0.03-0.05-0.08-0.12-0.19-0.30.022.94-0.52-0.391.632.86
000-1.823.44-12.221.058.77-5.97-16.474-101
0000000000000
0.090.070.20.4112.093.026.411.138.249.0711.5613.47
3.298.1923.6945.0662.5896.9690.52168.72284.01363.78364408636
1.522.72000041.4471.9487.6586.1372117119
5.248.8713.5521.4832.1841.73184.43197.67331.07406.1462513637
0000000000000
000000000009180
0.010.020.040.070.090.140.320.440.70.860.91.961.39
0000000758.01910.96913.3191600
00001.391.138.750183.4316.2967355
0.377.6911.1613.5516.3224.2148.61165.84409.71732.65413337269
00.010.010.010.020.030.160.921.51.661.340.410.32
0.010.030.050.080.110.160.471.362.212.522.232.371.72
0.10.10.240.491.112.253.497.7613.3410.7611.313.9215.19
Details

Balance Sheet

What Is the Balance Sheet?

The balance sheet is a financial snapshot of Shopify at a specific point in time. It follows the fundamental equation: Assets = Liabilities + Shareholders' Equity. Unlike the income statement (which covers a period), the balance sheet tells you what the company owns, what it owes, and what belongs to shareholders at a given date.

Assets

Current assets (cash, receivables, inventory) can be converted to cash within 12 months and indicate short-term liquidity. Non-current assets (property, equipment, intangible assets, goodwill) represent long-term investments. A high proportion of cash and short-term investments gives Shopify financial flexibility to weather downturns, fund acquisitions, or return capital to shareholders.

Liabilities

Current liabilities (accounts payable, short-term debt) are obligations due within one year. Non-current liabilities (long-term debt, pension obligations) are due further out. Key ratio to watch: the debt-to-equity ratio (Total Debt ÷ Shareholders' Equity). A ratio below 1.0 is generally healthy, meaning the company is funded more by equity than debt. Highly leveraged companies amplify both gains and losses.

Shareholders' Equity

Equity is the residual value belonging to shareholders after all debts are paid. It includes retained earnings (accumulated profits not paid out as dividends) and paid-in capital. Rising equity year over year is a positive sign — it means Shopify is building book value. Declining equity, especially when driven by losses or heavy share buybacks funded by debt, warrants closer scrutiny.

Key Ratios to Derive

From the balance sheet, you can calculate the current ratio (current assets ÷ current liabilities; above 1.5 is comfortable), book value per share (equity ÷ shares outstanding), and return on equity (net income ÷ equity; above 15 % is strong). Tracking these ratios over time reveals whether Shopify is strengthening or weakening its financial position.

 
NET INCOME (B USD)
DEPRECIATION (M USD)
DEFERRED TAXES (M USD)
CHANGES IN WORKING CAPITAL (M USD)
NON-CASH ITEM (B USD)
PAID INTEREST (k USD)
PAID TAXES (M USD)
NET CASH FLOW FROM OPERATING ACTIVITIES (B USD)
CAPITAL EXPENDITURES (M USD)
CASH FLOW FROM INVESTING ACTIVITIES (M USD)
CASH FLOW FROM OTHER INVESTING ACTIVITIES (M USD)
INTEREST INCOME AND EXPENSES (M USD)
NET DEBT CHANGE (M USD)
NET CHANGE IN EQUITY (B USD)
CASH FLOW FROM FINANCING ACTIVITIES (B USD)
CASH FLOW FROM OTHER FINANCING ACTIVITIES (USD)
TOTAL DIVIDENDS PAID (M USD)
NET CHANGE IN CASH FLOW (B USD)
FREE CASH FLOW (M USD)
SHARE-BASED COMPENSATION (M USD)
20122013201420152016201720182019202020212022202320242025
-0-0-0.02-0.02-0.04-0.04-0.06-0.120.322.91-3.460.132.021.23
014713232735706690703631
0000000-37-41190-186-178-14
22111713-25-5620-100-129-98195-166-117
000.010.020.050.10.20.340.42-2.184.071.160.081.35
0000000001,0001,0001,0001,0001,000
000000000-102750116194
0000.020.010.010.010.070.420.54-0.140.941.622.03
-2-4-22-21-26-24-41-62-41-50-50-39-19-26
-2-5-40-83-269-527-810-569-1,931-2,379-718-1,244-1,586-1,190
00-17-62-243-502-769-507-1,889-2,328-668-1,205-1,567-1,164
00000000000000
000000009070000-1,043
00.0700.140.230.571.070.742.651.650.020.060.060.23
00.0700.140.230.571.070.743.561.650.020.060.06-0.81
--------------
00000000000000
00.07-0.040.07-0.030.060.270.242.05-0.2-0.85-0.240.090.05
0.03-3.11-23.5-5.28-12.22-16.36-32.228.22382.96484.92-186.479051,5972,007
00000000000000

Unlock the full history with 30+ years of data and forecast estimates.

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Shopify Stock Quarterly Figures

 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
SHARES (B)
2014 Q12014 Q22014 Q32014 Q42015 Q12015 Q22015 Q32015 Q42016 Q12016 Q22016 Q32016 Q42017 Q12017 Q22017 Q32017 Q42018 Q12018 Q22018 Q32018 Q42019 Q12019 Q22019 Q32019 Q42020 Q12020 Q22020 Q32020 Q42021 Q12021 Q22021 Q32021 Q42022 Q12022 Q22022 Q32022 Q42023 Q12023 Q22023 Q32023 Q42024 Q12024 Q22024 Q32024 Q42025 Q12025 Q22025 Q32025 Q42026 Q1e2026 Q2e2026 Q3e2026 Q4e2027 Q1e2027 Q2e2027 Q3e2027 Q4e2028 Q1e2028 Q2e2028 Q3e
0.020.020.030.040.040.040.050.070.070.090.10.130.130.150.170.220.210.240.270.340.320.360.390.510.470.710.770.980.991.121.121.381.21.31.371.731.511.691.712.141.862.052.162.812.362.682.843.673.143.383.564.53.664.114.315.44.374.915.14
27.7817.3929.635.7118.9218.1834.622.8619.4415.1231.31-2.3118.9013.2529.82-3.6014.0210.6627.04-6.7112.818.0329.49-6.9351.917.4227.381.1313.260.3622.89-12.837.655.4826.94-13.0312.331.1825.09-13.209.895.7230.06-16.0713.566.1229.11-14.577.785.4126.37-18.7612.245.0225.09-19.0912.464.77
61.1160.8759.2654.2956.7656.8253.8552.8655.5653.4952.5354.6256.6956.9558.4854.5057.4855.7455.1953.9456.2556.5155.3852.0854.4752.5252.8051.5956.4855.4154.1450.1452.9550.5848.4646.0247.5549.2952.5749.5351.4251.1051.7148.0849.5348.5848.9146.1153.9750.0747.5037.5946.2741.2239.2531.3838.7934.4932.92
0.010.010.020.020.020.030.030.040.040.050.050.070.070.090.10.120.120.140.150.190.180.20.220.260.260.380.410.50.560.620.610.690.640.660.660.80.720.840.91.060.961.051.121.351.171.31.391.691.691.691.691.691.691.691.691.691.691.691.69
-0.01-0.01-0-0-0-0-0-0.01-0.01-0.01-0.01-0.01-0.01-0.01-0.01-0-0.02-0.02-0.02-0-0.02-0.03-0.070-0.030.040.190.121.260.881.15-0.37-1.47-1.2-0.16-0.620.07-1.310.720.66-0.270.170.831.29-0.680.910.260.740.440.530.610.860.540.680.751.040.60.790.86
-33.33-25.0033.3350.0033.3312.50-11.1162.507.69-35.71-77.78650.0053.33-95.652,300.0016.67157.14-212.90445.71-36.13931.15-30.1330.60-132.32297.30-18.39-86.87294.30-110.91-2,027.94-154.77-8.36-141.49-162.64384.2156.16-152.75-232.84-70.86181.44-41.1821.2814.1541.65-36.8726.0610.4138.51-42.7632.508.60
0.740.740.390.740.740.760.760.780.80.810.850.890.90.940.9911.021.061.071.081.111.121.131.131.171.331.251.241.271.271.281.261.261.261.271.271.291.281.31.341.291.31.31.31.31.311.311.31.31.31.31.31.31.31.31.31.31.31.3
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.

Unlock the full history with 30+ years of data and forecast estimates.

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Shopify stock margins

The Shopify margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Shopify. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Shopify.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2012
79.86 %
-6.38 %
-5.2 %
Jan 1, 2013
73.11 %
-8.5 %
-9.63 %
Jan 1, 2014
58.84 %
-20.58 %
-21.24 %
Jan 1, 2015
55.18 %
-8.65 %
-9.16 %
Jan 1, 2016
53.81 %
-9.55 %
-9.08 %
Jan 1, 2017
56.48 %
-7.3 %
-5.94 %
Jan 1, 2018
55.56 %
-8.56 %
-6.01 %
Jan 1, 2019
54.85 %
-8.94 %
-7.91 %
Jan 1, 2020
52.62 %
5.07 %
10.91 %
Jan 1, 2021
53.8 %
6.48 %
63.2 %
Jan 1, 2022
49.18 %
-11.45 %
-61.79 %
Jan 1, 2023
49.79 %
-0.57 %
1.88 %
Jan 1, 2024
50.36 %
12.11 %
22.74 %
Jan 1, 2025
48.07 %
12.82 %
10.65 %
Invalid Date
48.07 %
17.33 %
16.61 %

Shopify Stock Sales Revenue, EBIT, Earnings per Share

The Shopify earnings per share therefore indicates how much revenue Shopify has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Sales per Share
EBIT per share
Earnings per Share
Details
Date
Sales per Share
EBIT per share
Earnings per Share
Jan 1, 2012
0.03 USD
-0 USD
-0 USD
Jan 1, 2013
0.07 USD
-0.01 USD
-0.01 USD
Jan 1, 2014
0.14 USD
-0.03 USD
-0.03 USD
Jan 1, 2015
0.33 USD
-0.03 USD
-0.03 USD
Jan 1, 2016
0.46 USD
-0.04 USD
-0.04 USD
Jan 1, 2017
0.7 USD
-0.05 USD
-0.04 USD
Jan 1, 2018
1.02 USD
-0.09 USD
-0.06 USD
Jan 1, 2019
1.4 USD
-0.12 USD
-0.11 USD
Jan 1, 2020
2.37 USD
0.12 USD
0.26 USD
Jan 1, 2021
3.62 USD
0.23 USD
2.29 USD
Jan 1, 2022
4.42 USD
-0.51 USD
-2.73 USD
Jan 1, 2023
5.45 USD
-0.03 USD
0.1 USD
Jan 1, 2024
6.82 USD
0.83 USD
1.55 USD
Jan 1, 2025
8.86 USD
1.13 USD
0.94 USD
Invalid Date
11.39 USD
1.97 USD
1.89 USD

Shopify business model

Shopify Inc. is a Canadian e-commerce company that provides online shops for small and medium-sized businesses. It was founded in 2006 by Tobias Lütke, Daniel Weinand, and Scott Lake and has been listed on the New York Stock Exchange since 2015.

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 Eulerpool Fair Value

Details

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

Details

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

The number of shares was Shopify in 2025 — This indicates how many shares 1.305 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2012
744.37 M base_Shares
Jan 1, 2013
744.37 M base_Shares
Jan 1, 2014
744.37 M base_Shares
Jan 1, 2015
617.16 M base_Shares
Jan 1, 2016
839.89 M base_Shares
Jan 1, 2017
957.75 M base_Shares
Jan 1, 2018
1.06 B base_Shares
Jan 1, 2019
1.13 B base_Shares
Jan 1, 2020
1.23 B base_Shares
Jan 1, 2021
1.27 B base_Shares
Jan 1, 2022
1.27 B base_Shares
Jan 1, 2023
1.3 B base_Shares
Jan 1, 2024
1.3 B base_Shares
Jan 1, 2025
1.3 B base_Shares
Invalid Date
1.3 B base_Shares

Shopify stock splits

In Shopify's history, there have been no stock splits.

Current Shopify forecasts and price targets in March 2026

Δ MOM Price Target
null %
Buy67.27 % (37)
Hold30.91 % (17)
Sell1.82 % (1)
12M Price Target
184.11
Last Price
132.93
Currency
USD
12M Return Potential
38.50 %
LTM Return
0 %

Shopify Earnings Estimates

Shopify Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
2/18/20260.52USD3.66 BUSD2025 Q4
2/11/20260.52USD3.66 BUSD2025 Q4
2/9/20260.52USD3.66 BUSD2025 Q4
11/12/20240.28USD2.16 BUSD2024 Q3
5/2/20240.21USD1.84 BUSD2024 Q1
2/13/20240.31USD2.11 BUSD2023 Q4
7/25/2023-0.03USD1.61 BUSD2023 Q2
5/3/2023-0.02USD1.48 BUSD2023 Q1
2/14/2023-0.01USD1.67 BUSD2022 Q4
10/27/2022-0.07USD1.36 BUSD2022 Q3

EESG©

Eulerpool ESG Scorecard© for the Shopify stock

27/100
17
Environment
30
Social
34
Governance
E

Environment

20
Scope 1 - Direct Emissions681
Scope 2 - Indirect emissions from purchased energy1,698
Scope 3 - Indirect emissions within the value chain4,183
Total CO₂ emissions2,379
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

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 shareholders

% Name
4.44287%
Capital World Investors
Capital World Investors
3.73725%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
3.25959%
Fidelity Management & Research Company LLC
Fidelity Management & Research Company LLC
3.06959%
Capital International Investors
Capital International Investors
2.71610%
Baillie Gifford & Co.
Baillie Gifford & Co.
2.20050%
T. Rowe Price Associates, Inc.
T. Rowe Price Associates, Inc.
1.93211%
Invesco Capital Management (QQQ Trust)
Invesco Capital Management (QQQ Trust)
1.56098%
JP Morgan Asset Management
JP Morgan Asset Management
1.53273%
Morgan Stanley Investment Management Inc. (US)
Morgan Stanley Investment Management Inc. (US)
1.45012%
Jennison Associates LLC
Jennison Associates LLC
...

Shopify Executives and Management Board

TL

Mr. Tobias Luetke

(44)

Chairman of the Board, Chief Executive Officer & Head of R&D, Co-Founder · since 2004

Compensation150 M USD
JH

Mr. Jeff Hoffmeister

(55)

Chief Financial Officer

Compensation19.7 M USD
JH

Ms. Jessica Hertz

(43)

General Counsel

Compensation13.4 M USD
HF

Mr. Harley Finkelstein

(41)

President

Compensation12.8 M USD
PM

Mr. Prashanth Mahendra-Rajah

(55)

Independent Director

Compensation721,215 USD

Shopify Research

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Most common questions regarding 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.

All fundamentals about Shopify

Our stock analysis for Shopify Revenue 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 Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.