Shopify/$SHOP

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About Shopify

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

Ticker

$SHOP

Sector

Business services
Primary listing

Employees

8,100

Headquarters

Ottawa, Canada

Shopify Metrics

BasicAdvanced
$186B
80.31
$1.79
2.63
-

What the Analysts think about Shopify

Analyst ratings (Buy, Hold, Sell) for Shopify stock.

Bulls say / Bears say

Shopify’s Q2 2025 revenue of $2.68 billion, a 31% year-over-year increase, surpassed the $2.55 billion analyst estimate and drove a 16% premarket share jump, reflecting stronger-than-expected demand and effective tariff headwinds management. (Reuters)
European GMV grew 42% year-over-year on a constant-currency basis in Q2, outperforming gains in North America and Asia Pacific and underscoring the strength of Shopify’s international expansion efforts. (WSJ)
Shopify generated $422 million in free cash flow in Q2, achieving a 16% free cash flow margin for the eighth consecutive quarter, which highlights robust cash generation and financial discipline. (TipRanks)
Shopify’s gross margin contracted by 250 basis points to 48.6% in Q2 2025, down from 51.1% a year earlier, indicating mounting cost pressures from a higher mix of lower-margin merchant solutions and rising delivery costs. (Nasdaq)
Provisions for transaction and loan losses surged 90% to $80 million in Q2, signaling increased credit risk exposure as Shopify expands its merchant lending portfolio. (Panabee)
Operating expenses rose 25.7% year-over-year to $1.01 billion, with general and administrative costs more than doubling to $122 million, leading operating margin to dip 90 basis points to 10.9%, raising concerns about cost control. (Nasdaq)
Data summarised monthly by Lightyear AI. Last updated on 2 Sept 2025.

Shopify Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Shopify Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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