Shopify Inc. (SHOP) is a Technology stock trading at $123.54 (as of 2026-07-17), with a market capitalization of $161.02B and a trailing P/E of 120.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Shopify 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.
Shopify provides a commerce platform that helps merchants display, manage, market, and sell products across channels (web, mobile, retail, and more), and it makes money primarily through Merchant Solutions and Subscription Solutions revenues tied to merchant commerce activity and recurring merchant subscriptions.
Profitability is driven by the blend of Merchant Solutions and Subscription Solutions revenue, where Merchant Solutions performance is linked to Gross Merchandise Volume activity and Subscription Solutions performance tracks Monthly Recurring Revenue.
| Merchant Solutions | $2.4B |
| Subscription Solutions | $0.8B |
Business quality (Solid): Clear platform model with two main revenue streams, investors can track operating momentum using Monthly Recurring Revenue and Gross Merchandise Volume, but results are still sensitive to underlying merchant transaction activity and payments mix.
Valuation: Trades at 115× trailing earnings · $152B market cap.
| Price | $123.54 |
| Market Cap | $161.02B |
| P/E Ratio | 120.9 |
| EV / EBITDA | 94.9 |
| Price / Book | 12.88 |
| Price / Sales | 13.02 |
| FCF Yield | 1.3% |
| DCF Value (model) | $10.13 |
| DCF Upside vs Price | -91.8% |
| Revenue (TTM) | $11.56B |
| Net Margin | 10.7% |
| Revenue Growth (YoY) | 34.3% |
| EPS Growth (YoY) | -15.1% |
| FCF Growth (YoY) | 31.1% |
| Altman Z-Score | 58.26 (safe) |
| Stock P/E | 120.9 |
| Sector P/E (Technology) | 34.7 |
| Industry P/E (Business Services) | 30.7 |
| vs Sector | 248.6% |
| vs Industry | 293.4% |
| Top Institutional Holder | VANGUARD GROUP INC ($8.16B) |
| Institutional Holders Tracked | 10 |
| Sector | Technology |
| Industry | Business Services |
| CEO | Tobias Lutke |
| Employees | 8,100 |
| Country | CA |
| IPO Date | 2015-05-20 |
Data as of 2026-07-17.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.