Shopify (SHOP)

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Shopify Inc. provides cloud-based commerce software that enables merchants to build, manage and scale retail businesses across online and offline channels. The company is best known for its platform that lets entrepreneurs, brands and established retailers create storefronts, process orders, manage inventory, accept payments and connect with customers from a single operating system.

Shopify’s subscription solutions business gives merchants access to its core platform through recurring plans. These tools support e-commerce websites, mobile commerce, social media sales, marketplaces and point-of-sale activity in physical locations such as stores, pop-ups and kiosks. The platform is designed to serve a wide range of sellers, from small businesses launching their first online shop to larger brands that require more advanced commerce infrastructure.

The company’s merchant solutions segment expands the platform with services that help sellers run and grow their businesses. These include payment processing through Shopify Payments, shipping and fulfilment-related tools, financing products such as Shopify Capital in eligible markets, and other services that can increase platform usage as merchant sales volumes rise.

Shopify’s strategic position is tied to the shift toward direct-to-consumer retail, omnichannel selling and digital tools for independent merchants. Its app ecosystem, theme marketplace and developer community also make the platform extensible, allowing merchants to add specialised functions without building commerce systems from scratch. Shopify Class A subordinate voting shares represent an equity interest in one of the most widely used commerce technology companies serving global retail.

112.94 USD
112.50 USD
−4.07 (-3.48%)
After-hours

Last updated

Market Cap
151.84B
P/E
113.99
P/FCF
71.62
P/S
12.28
Enterprise Value
149.99B
Sector
Industrials
Industry
Prepackaged Software
Address
151 O'CONNOR STREET, OTTAWA, A6, K2P 2L8
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Market Cap
151.84B
Enterprise Value
149.99B
P/E
113.99
P/B
12.15
P/S
12.28
EV / EBITDA
89.44
EV / Sales
12.13
EPS
1.03
Dividend Yield
0%
P/FCF
71.62
P/CF
70.72
Free Cash Flow
2.12B
ROE
10.66%
ROA
9.43%
Debt / Equity
0
Current Ratio
6.2
Quick Ratio
6.2
Cash
1.35
Avg Volume
12.25M
Fundamentals Snapshot Price
117.01

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 3.17B 3.67B 2.84B 2.68B 2.36B
Gross profit 1.55B 1.69B 1.39B 1.3B 1.17B
Operating income 382M 631M 343M 291M 203M
EBITDA 389M 638M 351M 299M 211M
Net income -581M 743M 264M 906M -682M
Basic EPS -0.45 0.57 0.2 0.7 -0.53
Diluted EPS -0.45 0.57 0.2 0.69 -0.53

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 14.12B 15.19B 15.04B 14.56B 13.4B
Total liabilities 1.62B 1.72B 2.53B 2.44B 2.35B
Total equity 12.5B 13.47B 12.51B 12.12B 11.05B
Cash & equivalents 1.85B 1.55B 2.41B 1.54B 1.31B
Current assets 8.5B 8.3B 8.71B 8B 7.45B
Current liabilities 1.37B 1.39B 2.21B 2.08B 2.01B

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow 481M 725M 513M 428M 367M
Investing cash flow 310M -654M 335M -252M -619M
Financing cash flow -485M -938M 24M 44M 59M
Change in cash 303M -869M 872M 233M -189M
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edgar index 144 — SHOPIFY INC. View Filing
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edgar index 144 — SHOPIFY INC. View Filing
edgar index 144 — SHOPIFY INC. View Filing
edgar index 144 — SHOPIFY INC. View Filing
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edgar index 144 — SHOPIFY INC. View Filing