Shopify Inc.

Shopify Inc.

153.03
USD
+10.46
(+7.34%)
1.64EPS
90.50P/E
190.77BMarket Cap
Feb 17Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.04
0.09
0.33
0.46
0.7
1.02
1.4
2.45
3.7
4.42
5.51
6.86
8.86
10.92
Basic EPS, GAAP
- -
-0.02
-0.03
-0.04
-0.04
-0.06
-0.11
0.27
2.34
-2.73
0.1
1.56
0.94
1.64
Free Cash Flow per Basic Share
- -
-0.02
-0.01
-0.01
-0.02
-0.03
0.01
0.32
0.39
-0.15
0.71
1.23
1.54
1.97
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
-0.03
0.24
0.46
1
1.89
2.59
5.22
8.84
6.46
7.05
8.93
10.33
9.91
Tangible Book Value per Share
-0.01
-0.04
0.23
0.43
0.96
1.84
2.18
4.86
8.45
4.72
6.69
8.56
9.93
9.43
Basic Weighted Avg Shares
1,196
1,196
617
840
958
1,057
1,130
1,196
1,247
1,266
1,282
1,295
1,304
1,297
Sales/Revenue/Turnover
50
105
205
389
673
1,073
1,578
2,929
4,612
5,600
7,060
8,880
11,556
14,167
Operating Margin (%)
-8.5
-20.58
-8.65
-9.55
-7.3
-8.56
-7.35
4.85
7.6
-12.27
1.05
14.66
16.31
18.07
Depreciation Expense
2
5
7
14
23
27
36
70
66
93
70
36
31
28
Net Income, GAAP
-5
-22
-19
-35
-40
-65
-125
320
2,915
-3,460
132
2,019
1,231
2,126
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
7.19
- -
28.65
9.38
18.42
16.03
Profit Margin (%)
-9.63
-21.24
-9.16
-9.08
-5.94
-6.01
-7.91
10.91
63.2
-61.79
1.87
22.74
10.65
15.01
Working Capital
78
49
165
356
931
1,990
2,426
6,439
7,837
5,194
5,377
5,298
6,904
6,184
LT Debt
- -
7
10
13
15
22
143
903
1,158
1,378
1,133
190
171
181
Total Equity
85
68
195
410
1,001
2,091
3,016
6,401
11,133
8,239
9,066
11,558
13,473
12,749
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
2.53
- -
-10.16
8.43
8.95
13.08
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
29.72
- -
1.33
17.63
9.35
16.01
Return on Common Equity (%)
- -
- -
- -
-11.67
-5.67
-4.18
-4.89
6.79
33.25
-35.72
1.53
19.58
9.84
16.83

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
16
10
7
LT Borrowings
- -
- -
- -
LT Finance Leases
163
168
181
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,301
1,289
1,286
Market Capitalization
154,298
147,202
190,771

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
8,495
7,816
7,786
Cash, Cash Equivalents & STI
5,743
4,947
4,727
Accounts Receivable, Net
99
490
108
Inventories
- -
- -
- -
Total Current Liabilities
1,371
1,460
1,602
Payables & Accruals
1,034
1,115
1,250
ST Debt
16
10
7
Deferred Revenue
321
335
345

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
62.14%
20.41%
16.57%
Free Cash Flow
410.06%
-119.23%
25.67%
Net Income, GAAP
178.04%
376.04%
-39.03%
Sales/Revenue/Turnover
51.56%
32.17%
30.14%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,861
2,045
2,162
2,812
8,880
2025
2,360
2,680
2,844
3,672
11,556
2026
3,170
3,583
3,742
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.21
0.13
0.64
1
1.56
2025
-0.53
0.7
0.2
0.57
0.94
2026
-0.45
1.16
0.36
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Tobias Albin Lütke
Full Time Employees
7,600
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
151 O'Connor Street Ottawa ON Canada K2P 2L8
IPO Date
May 21, 2015
Business
Shopify Inc. is a Canadian multinational e-commerce technology company headquartered in Ottawa that provides a comprehensive commerce platform enabling businesses to start, grow, market, and manage retail operations globally. Its main products and services include its flagship Shopify platform, which supports online stores and physical retail point-of-sale (POS) systems; payment processing services through Shopify Payments; inventory and order management tools; shipping solutions via Shopify Shipping; and a broad marketplace for apps and themes to customize storefronts. Additionally, Shopify offers enterprise solutions through Shopify Plus, marketing tools like Shop Campaigns for customer acquisition, and domain registration services. The company serves over 5 million merchants across more than 175 countries, including major clients such as Tesla, LVMH, Nestlé, and PepsiCo, facilitating transactions exceeding $292 billion in 2024. Recent major company changes reflect a strategic shift towards artificial intelligence (AI) integration and a focus on core e-commerce technology. Shopify has divested its logistics operations by selling Deliverr and 6 River Systems to logistics firms Flexport and Ocado Group, respectively, while taking a significant equity stake in Flexport and naming it as its official logistics partner. Leadership restructuring in 2025 emphasizes operational efficiency and deeper AI adoption, highlighted by the promotion of Jess Hertz to COO to streamline execution and promote AI-powered merchant tools such as Shopify Magic and Sidekick, which automate product descriptions, customer support, and marketing functions. Shopify also launched an AI store setup tool to facilitate custom-designed themes and continues to expand its global footprint with renewed investments in AI and B2B ecommerce as key growth drivers. Founded in 2004, Shopify operates primarily in the software application and technology industry, targeting a diverse range of merchants from startups to large enterprises globally. It delivers services through a scalable cloud-based commerce platform that integrates retail sales across web, mobile, social media, and physical stores. Shopify is listed on the NASDAQ under ticker SHOP and continues to innovate within the ecommerce ecosystem by prioritizing merchant success, global expansion, and AI-driven commerce technology.

Company News

  • Shopify Sees Unusually High Options Volume (NASDAQ:SHOP)

  • Shopify: 3 Key Takeaways for Long-Term Investors

  • Shopify Could Be the Best Growth Stock to Buy With $1,000 in November

  • SHOP Q3 Earnings Beat Estimates, Revenues Rise on Strong GMV

  • Cathie Wood Bought $12.5 Million of Shopify as It Tanked

  • SHOP Q3 Earnings Call Highlights AI Commerce and Margin Discipline

  • Polen Global Growth Q3 2026 Portfolio Activity

  • Shopify Analysts Cut Their Forecasts After Q3 Results

  • Shopify Stock Fell After Its Report. Here's the Price I'd Pay for It.

  • Stock Market Mostly Higher On Election Day, But Apple, Shopify Slide; AMD Jumps Late

  • Shopify Inc. (SHOP) Q3 2026 Earnings Call Transcript

  • Why Shopify Stock Dove Today

  • Shopify Stock Just Plunged. Here's Why I'm Not Selling

  • Tech Stocks Boost Nasdaq as Apple Weighs on Dow

  • Q3 Earnings & JOLTS Report on Midterm Voting Day

  • Shopify's Post-Earnings Drop Is Rippling Through Popular ETFs

  • Shopify president Harley Finkelstein: Shopping through AI channels is 'growing quite quickly'

  • Compared to Estimates, Shopify (SHOP) Q3 Earnings: A Look at Key Metrics

  • Shopify falls 9% after Q3 revenue and merchandise volume miss estimates

  • Shopify stock's post-earnings decline is overdone: find out more