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
Website
Shopify Metrics
BasicAdvanced
$211B
90.70
$1.79
2.70
-
Price and volume
Market cap
$211B
Beta
2.7
52-week high
$169.69
52-week low
$69.84
Average daily volume
7.8M
Financial strength
Current ratio
3.85
Quick ratio
2.979
Long term debt to equity
1.65
Total debt to equity
9.395
Profitability
EBITDA (TTM)
1,573
Gross margin (TTM)
49.34%
Net profit margin (TTM)
23.42%
Operating margin (TTM)
15.39%
Effective tax rate (TTM)
9.46%
Revenue per employee (TTM)
$1,240,000
Management effectiveness
Return on assets (TTM)
7.44%
Return on equity (TTM)
22.02%
Valuation
Price to earnings (TTM)
90.704
Price to revenue (TTM)
20.935
Price to book
17.36
Price to tangible book (TTM)
18.15
Price to free cash flow (TTM)
115.381
Free cash flow yield (TTM)
0.87%
Free cash flow per share (TTM)
1.404
Growth
Revenue change (TTM)
28.98%
Earnings per share change (TTM)
82.83%
3-year revenue growth (CAGR)
26.03%
10-year revenue growth (CAGR)
52.75%
3-year earnings per share growth (CAGR)
5.72%
10-year earnings per share growth (CAGR)
46.37%
What the Analysts think about Shopify
Analyst ratings (Buy, Hold, Sell) for Shopify stock.
Bulls say / Bears say
Shopify’s Q2 2025 revenue grew 31% year-over-year to $2.68 billion, surpassing analyst estimates and marking its strongest top-line result since 2021 (WSJ)
Gross merchandise volume on Shopify’s platform rose 31% to $87.84 billion in Q2, with European GMV up 42% on a constant-currency basis, highlighting the success of its international expansion strategy (WSJ)
Merchant Solutions revenue surged 37% year-over-year to $2.02 billion in Q2, making up 75.5% of total revenue and indicating strong uptake of Shopify Payments and financing products (WSJ)
Shopify projects Q3 operating expenses at 38%–39% of revenue and expects $130 million in stock-based compensation, indicating ongoing cost pressure that could impact margins (WSJ)
Shopify's stock trades at over 90 times forward earnings—almost three times Amazon’s multiple—raising concerns about valuation if revenue growth slows (FT)
High transaction fees (up to 2%) for Shopify Payments may lead larger merchants to switch to other platforms, putting revenue stability and merchant retention at risk (FT)
Data summarised monthly by Lightyear AI. Last updated on 4 Oct 2025.
Shopify Financial Performance
Revenues and expenses
Shopify Earnings Performance
Company profitability
Shopify News
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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.
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Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Shopify stock?
Shopify (SHOP) has a market cap of $211B as of October 23, 2025.
What is the P/E ratio for Shopify stock?
The price to earnings (P/E) ratio for Shopify (SHOP) stock is 90.7 as of October 23, 2025.
Does Shopify stock pay dividends?
No, Shopify (SHOP) stock does not pay dividends to its shareholders as of October 23, 2025.
When is the next Shopify dividend payment date?
Shopify (SHOP) stock does not pay dividends to its shareholders.
What is the beta indicator for Shopify?
Shopify (SHOP) has a beta rating of 2.7. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.