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SHOPShopify Inc.
$121.88$158.2B
Overview & Verdict
OverviewShould I Buy?
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SHOP logoShopify Inc.(SHOP)Earnings, Financials & Key Ratios

SHOP•NASDAQ
$121.88
129.7× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryE-commerce platforms and retail enablement
AboutShopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. 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 headquartered in Ottawa, Canada.Show more
  • Revenue$11.56B+30.1%
  • EBITDA$1.5B+34.9%
  • Net Income$1.23B-39.0%
  • EPS (Diluted)0.94-39.4%
  • Gross Margin48.07%-4.5%
  • EBITDA Margin12.97%+3.7%
  • Operating Margin12.7%+4.9%
  • Net Margin10.65%-53.1%
  • ROE9.84%-49.8%

SHOP Price & Volume

Shopify Inc. (SHOP) stock price & volume — 10-year historical chart

Loading chart...

Accelerating Revenue Growth Amidst Structural Margin Compression

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Healthy
Cash Flow:Robust
Primary Risk:Consumer discretionary spending sensitivity

Key Thesis Takeaways

  • Shopify is successfully transitioning toward an asset-light, high-volume enterprise model, evidenced by a 34.3% revenue growth rate in 2026Q1.
  • While the company has significantly improved its financial health by reducing debt to $179 million, investors should monitor the potential for continued margin erosion as gross margins have compressed to 48.8%.
  • The shift toward aggressive capital returns, including a $484.2 million share repurchase program, suggests management is prioritizing shareholder value as the business matures.

Verdict Logic

while the company demonstrates strong top-line momentum with 34.3% growth, the current P/E of 124.32 and potential for margin volatility warrant a cautious valuation approach.

SHOP Growth Metrics

Shopify Inc. (SHOP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years49.64%
5 Years31.58%
3 Years27.31%
TTM31.85%

Profit CAGR

10 Years-
5 Years30.96%
3 Years-
TTM-17.27%

EPS CAGR

10 Years-
5 Years29.31%
3 Years-
TTM-17.74%

Return on Capital

10 Years-2.57%
5 Years0.49%
3 Years2.35%
Last Year11.4%

SHOP Recent Earnings

Shopify Inc. (SHOP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$0.36+10.4%
$0.33
Rev
$3.1B+1.4%
$3.1B
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$0.46-9.1%
$0.51
Rev
$3.6B+1.0%
$3.6B
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$0.34+1.0%
$0.34
Rev
$2.8B+3.4%
$2.8B
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$0.35+20.2%
$0.29
Rev
$2.7B+3.9%
$2.6B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$0.36vs $0.33+10.4%
$3.1Bvs $3.1B+1.4%
Q1 2026Feb 11, 2026
$0.46vs $0.51-9.1%
$3.6Bvs $3.6B+1.0%
Q4 2025Nov 4, 2025
$0.34vs $0.34+1.0%
$2.8Bvs $2.8B+3.4%
Q3 2025Aug 6, 2025
$0.35vs $0.29+20.2%
$2.7Bvs $2.6B+3.9%
Based on last 12 quarters of dataView full earnings history →

Latest SHOP News

Recent stock market news and headlines for Shopify Inc. (SHOP)

Seeking Alpha·5 days ago
National Healthcare Properties: The Rise Of The Senior Housing Demand Wave

I rate National Healthcare Properties a buy, citing its strategic pivot toward senior housing operating properties (SHOP) for accelerated NOI and FFO growth. NHP's SHOP portfolio, with 76% assisted living/memory care and 96% private pay, benefits from favorable demographics, limited new supply, and strong operating leverage. The planned $528.2 million OMF asset sale and robust acquisition pipeline position NHP to shift its earnings base toward higher-growth SHOP assets.

Invezz·5 days ago
Shopify stock eyes breakout as bullish inverted H&S pattern takes shape

Shopify stock has rebounded in the past few weeks, moving from the year-to-date low of $94.47 to the current $121.63. This rebound may continue, helped by its modest revenue growth and encouraging technicals.

247 Wallst·Jun 29, 2026
Why U.S. AI Restrictions Could Give China an Unexpected Advantage Following the Android Playbook

CNBC's Deirdre Bosa explained a counterintuitive thesis on the AI cold war in a recent CNBC segment. Paradoxically, she argued that U.S. efforts to wall off access to the most advanced American AI models could unintentionally accelerate China's rise in AI. The concern is that policies designed to protect America's lead may instead encourage developers... Why U.S. AI Restrictions Could Give China an Unexpected Advantage Following the Android Playbook

Fool - Investing News·Jun 29, 2026
Have $2,000? Buy These 3 Stocks and Hold for the Next Decade.

All three companies are enjoying tailwinds that are built to last.

Zacks Investment Research·Jun 29, 2026
Why Shopify (SHOP) is a Top Stock for the Long-Term

The Zacks Focus List offers investors a way to easily find top-rated stocks and build a winning investment portfolio. Here's why you should take advantage.

Peers Comparison

Key metrics vs top competitors for Shopify Inc. (SHOP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SHOP logoSHOPShopify Inc.Current
$121.88$158.16B129.6630.14%10.65%9.84%—
WIX logoWIXWix.com Ltd.
$50.36$2.77B57.2313.2%-1.97%——
GDDY logoGDDYGoDaddy Inc.
$89.32$11.91B14.348.26%17.32%366.9%—
CART logoCARTInstacart (Maplebear Inc.)
$48.08$11.38B30.0510.78%12.55%16.35%—
PYPL logoPYPLPayPal Holdings, Inc.
$45.65$40.27B8.444.32%15%25.08%—
BILL logoBILLBill.com Holdings, Inc.
$40.68$4.05B176.8713.36%0.01%0%—

Compare SHOP vs Peers

Shopify Inc. (SHOP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WIX

Most directly comparable listed peer for SHOP.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare SHOP against a more recognizable public peer.

Peer Set

Compare Top 5

vs WIX, GDDY, CART, PYPL

SHOP SEC Filings & Documents

Shopify Inc. (SHOP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Feb 11, 2026·SEC

Material company update

Dec 2, 2025·SEC

10-K Annual Reports

2
FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 11, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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SHOP Frequently Asked Questions

Shopify Inc. (SHOP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Shopify Inc.'s revenue?

Shopify Inc. (SHOP) reported $12.37B in revenue for fiscal year 2025. This represents a 24508% increase from $50.3M in 2013.

How fast is Shopify Inc. growing?

Shopify Inc. (SHOP) grew revenue by 30.1% over the past year. This is strong growth.

Is SHOP profitable?

Yes, Shopify Inc. (SHOP) is profitable, generating $1.33B in net income for fiscal year 2025 (10.7% net margin).

Dividend & Returns
What is SHOP's return on equity?

Shopify Inc. (SHOP) has a return on equity (ROE) of 9.8%. This is below average, suggesting room for improvement.

What is Shopify Inc.'s free cash flow?

Shopify Inc. (SHOP) generated $2.12B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in SHOP back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →