Shopify Inc. (SHOP)

NASDAQ: SHOP · USD

$127

+13.13 (+11.5%)· Recorded snapshot

Coverage state: Latest published research available

Market snapshot recorded 2026-07-28 02:00 UTC. Latest published research analyzed 2026-05-10 · stale · sources unverified. Prices and fundamentals on this server-rendered page are dated snapshots, not a real-time trading feed.

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StockMarketAgent Research · Analyzed 2026-05-10

Our latest published analysis: SHOP rated Sell

SHOP is rated Sell at $110.41 versus the reconciled fair value midpoint of $42.12, implying -61.85% upside/downside. Confidence is separately disclosed at 57/100.

Fair value (mid)

$42.1 / share

$28.0 – $57.7

Upside to FV

-61.9%

from $127

Confidence

57/100

Moat

9/10

Read full analysis

Market cap	$143.3B
Revenue (ttm)	12.4B
Net income (ttm)	1.3B
EPS (ttm)	$1.02
Shares out	1.3B
P/E (trailing)	125.0x
P/E (forward)	47.5x
Volume	11,325,660
Beta	2.58
Price target	$148	+17.0%

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 12.4B
Net income (ttm): 1.3B
EPS (ttm): $1.02
P/E (trailing): 125.0x
P/E (forward): 47.5x
Market cap: $143.3B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	—	$5.60B	$7.06B	$8.88B	$11.56B	+19.9%
Gross profit	—	$2.75B	$3.52B	$4.47B	$5.56B	+19.2%
Operating income	—	$-687.0M	$74.0M	$1.30B	$1.89B	—
Net income	—	$-3.46B	$132.0M	$2.02B	$1.23B	—
EPS (diluted)	$2.29	$-2.73	$0.10	$1.56	—	-9.2%
EBITDA	—	$-594.0M	$144.0M	$1.34B	$1.92B	—
R&D	—	$1.50B	$1.73B	$1.37B	$1.54B	+0.5%
SG&A	—	$1.94B	$1.71B	$1.80B	$2.13B	+2.4%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	4.9T	40.8x	11.0x	104.3%	+6.8%	+58.1%	Sell
ABNB	Airbnb Inc.	87.2B	36.0x	6.9x	15.9%	+29.9%	+3.9%	Hold
ADBE	Adobe Inc.	94.5B	13.6x	3.8x	60.7%	+11.9%	-35.9%	Strong Buy
ARM	Arm Holdings plc	284.5B	314.7x	57.8x	14.3%	—	+63.2%	Sell
FLEX	Flex Ltd.	42.5B	49.8x	1.5x	16.2%	+3.0%	+132.2%	Sell
LITE	Lumentum Holdings Inc.	55.4B	135.3x	22.3x	8.3%	+7.7%	+581.2%	Reduce

All SHOP indicators

Market & fundamental data

Available fields

267

Groups with data

Currency

USD

Showing 267 of 267 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Cik	0001594805
Company name	Shopify Inc.
Country	Canada
Country code	US
Cusip	82509L107
Employees	7,600
Employees Change	-500%
Employees Change Percent	-6.17
Enterprise value	$158.8B
Exchange	NASDAQ
Financial currency	USD
First seen	2026-05-09
In Index	NASDAQ100
Industry	Software - Application
Industry PE	42.69
Industry PE Fwd	18.6
IPO Date	2015-05-21
Isin	CA82509L1076
Last refreshed	2026-07-28
Market cap	$165.1B
Market cap category	Large-Cap
Price	$127
Price currency	USD
Rev Per Employee	1,627,105.26x
Sector	Technology
Sector PE	36.63
Sector PE Fwd	20.23
Sic	7372
Symbol	SHOP
Tags	metaverse
Website	https://www.shopify.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Earnings Yield	0.81%
EV Earnings	119.22x
EV Sales Forward	10.26x
EV/EBIT	96.42x
EV/EBITDA	94.69x
EV/FCF	74.9x
EV/Sales	12.84x
FCF yield	1.28%
Forward P/E	66.64x
P/B ratio	13.2x
P/E ratio	124.99x
P/S ratio	13.35x
PE Ratio3 Y	167.13x
PE Ratio5 Y	165.75x
PEG ratio	2.23x
PS Forward	10.66x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT Margin	13.32%
EBITDA Margin	13.56%
FCF margin	17.14%
Gross margin	47.97%
Gross Profit	$5.9B
Gross Profit Growth	26.64%
Gross Profit Growth Q	32.25%
Gross Profit Growth3 Y	27.93%
Gross Profit Growth5 Y	26.33%
Net Income	$1.3B
Net Income Growth	-17.27%
Net Income Growth Quarters	1%
Net Income Growth Years	0%
Net Income Growth5 Y	-3.71%
Pretax Margin	13.3%
Profit Margin	10.77%
Profit Per Employee	$175,263
Profitable Years	3
ROA	9.62
Roa5y	3.12
ROCE	12.92
ROE	11.31
Roe5y	5.69
ROIC	23.25
Roic5y	9.06

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
Cagr10y	44.25%
Cagr1y	1.97%
Cagr3y	25.18%
Cagr5y	-4.32%
EPS Growth	-17.36
EPS Growth Quarters	1
EPS Growth Years	0
EPS Growth5 Y	-4.51
FCF Growth	22.69%
FCF Growth Q	31.13%
FCF Growth5 Y	28.07%
OCF Growth	23.04%
OCF Growth Q	31.06%
OCF Growth10 Y	67.37%
OCF Growth5 Y	27.17%
Revenue Growth	31.85x
Revenue Growth Q	34.32x
Revenue Growth Quarters	44x
Revenue Growth Years	13x
Revenue Growth3 Y	27.95x
Revenue Growth5 Y	29.1x

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Asset Turnover	$0.9
Assets	$14.1B
Cash	$5.7B
Current Assets	$8.5B
Current Liabilities	$1.4B
Debt	$179M
Debt EBITDA	$0.11
Debt Equity	$0.01
Debt FCF	$0.08
Equity	$12.5B
Liabilities	$1.6B
Long Term Assets	$5.6B
Long Term Liabilities	$249M
Net Cash	$6.3B
Net Cash By Market Cap	$3.8
Net Cash Growth	19.01%
Net Debt EBITDA	$-3.74
Net Debt Equity	$-0.5
Net Debt FCF	$-2.96
Tangible Book Value	$12B
Tangible Book Value Per Share	$9.21
WACC	18.45

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current ratio	6.2
Net Working Capital	$1.4B
Quick ratio	4.53
Working Capital	$7.1B
Working Capital Turnover	$1.97

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback Yield	-0.26%
Dividend Yield	0%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y total return	3,798%
1Y total return	1.97%
200-day SMA	133.8
3Y total return	96.17%
50-day SMA	114.1
50-day SMA vs 200-day SMA	50under200
5Y total return	-19.81%
All Time High	182.2
All Time High Change	-30.36%
All Time High Date	2025-10-29
All Time Low	1.85
All Time Low Change	6,765.8%
All Time Low Date	2016-01-15
ATR	6.27
Beta	2.58
Beta1y	2.18
Beta2y	2.17
Ch YTD	-21.18
High	126.9
High52	182.2
High52 Date	2025-10-29
High52ch	-30.36%
Low	117.8
Low52	94
Low52 Date	2026-05-14
Low52ch	34.98%
Ma50ch	11.19%
Premarket Change Percent	3
Premarket Price	$117
Premarket Volume	105,499
Price vs 200-day SMA	-5.2%
RSI	59.12
RSI Monthly	54.93
RSI Weekly	51.94
Sharpe ratio	0.29x
Sortino ratio	0.53
Total Return	-0.26%
Tr YTD	-21.18
Tr1m	8.57%
Tr1w	1.93%
Tr3m	0.83%

Analyst estimates

Ratings, targets, revisions, and forward estimate fields.

Metric	Value
Analyst Count	52
Analyst Count Top	17
Analyst Price Target Top	$157
Analyst Ratings	Buy
Analyst Ratings Top	Strong Buy
Earnings EPS Estimate	$0.37
Earnings EPS Estimate Growth	5.71
Earnings Revenue Estimate	3,438,125,696x
Earnings Revenue Estimate Growth	28.29x
Operating Income	$2.1B
Operating Income Growth	52.59
Operating Income Growth Q	79.14
Operating Income Growth5 Y	42.36
Operating margin	17.13
Price target	$148
Price Target Change	$16.95
Price Target Change Top	$23.72

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1,220,037,955%
Float Percent	93.78%
Net Borrowing	-1,043,000,000
Shares Insiders	6.12%
Shares Institutions	66.04%
Shares Out	1,300,987,172
Shares Qo Q	0.06%
Shares Yo Y	0.26%
Short Float	2.18%
Short Ratio	3.18
Short Shares	2.04

Other indicators

Additional ticker metrics that do not fit the primary research groupings yet.

Metric	Value
Adjusted FCF	$1.7B
Adjusted OCF	1,680,000,000
Average Volume	7,357,903.9x
Bv Per Share	9.61
CAPEX	$-27M
Ch10y	3,798
Ch1m	8.57
Ch1w	1.93
Ch1y	1.97
Ch3m	0.83
Ch3y	96.17
Ch5y	-19.81
Ch6m	-6.92
Change	11.54%
Change From Open	7.34
Close	113.8
Days Gap	3.91
Depreciation Amortization	30,000,000
Dollar Volume	1,436,999,740.8
Earnings Date	2026-08-05
Earnings Time	bmo
EBIT	$1.6B
EBITDA	$1.7B
EPS	$1.02
F Score	6
FCF	$2.1B
FCF EV Yield	1.34x
FCF Per Share	$1.63
Financing CF	-1,355,000,000
Fiscal Year End	December
Founded	2,004
Goodwill	491,000,000
Graham Number	14.81556
Graham Upside	-88.32
Income Tax	$313M
Investing CF	-261,000,000
Is Primary Listing	1
Is Spac	No
Last Earnings Date	2026-05-05
Last Report Date	2026-03-31
Last Split Date	2022-06-29
Last Split Type	Forward
Last10k Filing Date	2026-02-11
Lynch Fair Value	$5.08
Lynch Upside	-96
Ma150	125.3
Ma150ch	1.3%
Ma20	120.9
Ma20ch	4.96%
Net CF	539,000,000
Next Earnings Date	2026-08-05
Open	118.2
Optionable	Yes
P FCF Ratio	77.86
P FCF Ratio SBC	99.86
P OCF Ratio	76.88
P OCF Ratio SBC	98.26
Position In Range	99.67
Post Close	126.9
Postmarket Change Percent	-0
Postmarket Price	$127
Ppne	138,000,000
Pre Close	113.8
Price Date	2026-07-27
Price EBITDA	$98.43
Ptbv Ratio	13.78
Relative Volume	1.54x
Revenue	12,366,000,000x
SBC By Revenue	3.78x
Share Based Comp	467,000,000
Tax By Revenue	2.53x
Tax Rate	19.03%
Tr6m	-6.92%
Views	549
Volume	11,325,660
Z Score	65.83

Frequently asked questions

About this SHOP report

What is the latest published SHOP stock rating?

Shopify Inc. is shown with sell in the latest published report, analyzed 2026-05-10. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full SHOP analysis?

The full latest published report, analyzed 2026-05-10, lives at /stocks/SHOP/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair-value range is used for SHOP?

The latest published report analyzed 2026-05-10 frames SHOP around USD 28 to USD 58. This is a dated valuation range, not a live market price; check the valuation, sensitivity, and bear-case tabs before making a decision.

How often is the SHOP page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-10). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

Shopify Inc. (SHOP)

Coverage state: Latest published research available

Generate a fresh SHOP analysis

Our latest published analysis: SHOP rated Sell

Price

Financial snapshot

Fair-value bridge

Analyst consensus

Latest news · SHOP

Valuation

Profitability

Balance sheet

Trading

Position sizing & entry playbook

Next earnings

Sector percentile context

All SHOP indicators

Profile and market data

Valuation

Profitability

Growth

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Analyst estimates

Ownership and float

Other indicators

Deeper analysis on SHOP

Frequently asked questions