Val
—
Gro
—
Qua
—
Mom
—
Sta
—
Cap—
P/S13.55
P/E—
Fwd P/E55.40
PEG2.57
52W— – —
RSI—
Target$148.39 (+14.9%)
Beta2.58
Div—
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RSI (14)
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Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. 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 based in Ottawa, Canada.
52-Week Range
52W Low
—
52W High
Position in Range
—
RSI (14)
0 · Oversold
RSI 60
Overbought · 100
Signal
Neutral
EMA Price Levels
Volume Analysis
Momentum Dashboard
Trend Strength
Detected Patterns
1Bullish
0Bearish
0Neutral
▲ Double Bottom — Two lows ~$109.56 — bullish reversal confirmed
View overlays on the price chart via Chart tab → Pattern Overlays.
EPS — History & Forecast
Estimate
Beat
Miss
Forecast
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Revenue — History & Forecast
Revenue
Forecast
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EPS Beat Rate
75%
6/8 quarters
Wall Street Consensus
BUY
BuyHoldSell
Price Target Range
$148.39
+14.9% upside
Low $105
—
High $200
Consensus
Current price
Wall Street Analyst Ratings
| Firm | Rating | Change | Action | Date |
|---|---|---|---|---|
| Citigroup | Buy | — | ↔ Maintain | 2026-07-24 |
| Rothschild & Co | Neutral | Buy → Neutral | ▼ Downgrade | 2026-07-21 |
| Jefferies | Buy | Hold → Buy | ▲ Upgrade | 2026-07-13 |
| Stifel | Buy | Hold → Buy | ▲ Upgrade | 2026-07-10 |
| Canaccord Genuity | Buy | — | ↔ Maintain | 2026-05-06 |
| UBS | Neutral | — | ↔ Maintain | 2026-05-06 |
| RBC Capital | Outperform | — | ↔ Reiterate | 2026-05-06 |
| Barclays | Equal-Weight | — | ↔ Maintain | 2026-05-06 |
| Citizens | Market Outperform | — | ↔ Maintain | 2026-05-06 |
| Wells Fargo | Overweight | — | ↔ Maintain | 2026-05-06 |
| DA Davidson | Buy | — | ↔ Maintain | 2026-05-06 |
| Needham | Buy | — | ↔ Reiterate | 2026-05-05 |
| Truist Securities | Buy | Hold → Buy | ▲ Upgrade | 2026-02-17 |
| BMO Capital | Outperform | — | ↔ Maintain | 2026-02-12 |
| Cantor Fitzgerald | Neutral | — | ↔ Maintain | 2026-02-12 |
| Wedbush | Outperform | — | ↔ Maintain | 2026-02-12 |
| Mizuho | Outperform | Neutral → Outperform | ▲ Upgrade | 2026-02-12 |
| Benchmark | Buy | — | ↔ Maintain | 2026-02-10 |
| Scotiabank | Sector Outperform | Sector Perform → Sector Outperform | ▲ Upgrade | 2026-01-08 |
| Wolfe Research | Peer Perform | Outperform → Peer Perform | ▼ Downgrade | 2026-01-06 |
| JP Morgan | Overweight | — | ↔ Maintain | 2025-11-05 |
| CIBC | Outperformer | — | ↔ Maintain | 2025-11-05 |
| Morgan Stanley | Overweight | — | ↔ Maintain | 2025-11-05 |
| Keybanc | Overweight | — | ↔ Maintain | 2025-10-30 |
Citigroup
2026-07-24
Buy
↔ Maintain
Rothschild & Co
2026-07-21
Neutral
(from Buy)
▼ Downgrade
Jefferies
2026-07-13
Buy
(from Hold)
▲ Upgrade
Stifel
2026-07-10
Buy
(from Hold)
▲ Upgrade
Canaccord Genuity
2026-05-06
Buy
↔ Maintain
UBS
2026-05-06
Neutral
↔ Maintain
RBC Capital
2026-05-06
Outperform
↔ Reiterate
Barclays
2026-05-06
Equal-Weight
↔ Maintain
Citizens
2026-05-06
Market Outperform
↔ Maintain
Wells Fargo
2026-05-06
Overweight
↔ Maintain
DA Davidson
2026-05-06
Buy
↔ Maintain
Needham
2026-05-05
Buy
↔ Reiterate
Truist Securities
2026-02-17
Buy
(from Hold)
▲ Upgrade
BMO Capital
2026-02-12
Outperform
↔ Maintain
Cantor Fitzgerald
2026-02-12
Neutral
↔ Maintain
Wedbush
2026-02-12
Outperform
↔ Maintain
Mizuho
2026-02-12
Outperform
(from Neutral)
▲ Upgrade
Benchmark
2026-02-10
Buy
↔ Maintain
Scotiabank
2026-01-08
Sector Outperform
(from Sector Perform)
▲ Upgrade
Wolfe Research
2026-01-06
Peer Perform
(from Outperform)
▼ Downgrade
JP Morgan
2025-11-05
Overweight
↔ Maintain
CIBC
2025-11-05
Outperformer
↔ Maintain
Morgan Stanley
2025-11-05
Overweight
↔ Maintain
Keybanc
2025-10-30
Overweight
↔ Maintain
Profitability
Gross Margin
47.97%TTM
Op. Margin
15.71%TTM
ROE
11.31%TTM
Rev. Growth
34.30%YoY
Free Cash Flow
1.26BTTM
FCF Yield
—TTM
Balance Sheet
Debt / Equity
1.43MRQ
Current Ratio
6.20MRQ
Cash
5.74BMRQ
Total Debt
179.00MMRQ
Net Debt
—MRQ
How SHOP Makes Its Money
Cash Flow Breakdown
Quarterly Metrics
| Quarter | Revenue | Rev YoY | Gross Profit | Op. Income | Net Income | Net YoY | Gross % | Op % | Net % |
|---|
Full Key Statistics
Valuation
| Market Cap | 167.62B |
| Enterprise Value | 162.05B |
| Trailing P/E | 127.89 |
| Forward P/E | 55.40 |
| PEG Ratio (5yr) | 2.57 |
| Price/Sales (ttm) | 13.55 |
| Price/Book (mrq) | 13.44 |
| EV/Revenue | 13.11 |
| EV/EBITDA | 75.44 |
Share Statistics
| Avg Vol (3m) | 10.41M |
| Shares Outstanding | 1.22B |
| Float | 1.22B |
| % Held by Insiders | 0.23% |
| % Held by Institutions | 73.61% |
| Short Ratio | 3.18 |
| Short % of Float | 2.18% |
Profitability
| Gross Margin | 47.97% |
| Operating Margin (ttm) | 15.71% |
| Profit Margin | 10.77% |
| Return on Assets (ttm) | 9.62% |
| Return on Equity (ttm) | 11.31% |
Income Statement
| Revenue (ttm) | 12.37B |
| Revenue Growth (yoy) | 34.30% |
| Gross Profit (ttm) | 5.93B |
| EBITDA | 2.15B |
| Net Income (ttm) | 1.33B |
| Diluted EPS (ttm) | 1.01 |
| EPS Growth (yoy) | N/A |
Balance Sheet
| Total Cash (mrq) | 5.74B |
| Total Debt (mrq) | 179.00M |
| Debt / Equity (mrq) | 1.43 |
| Current Ratio (mrq) | 6.20 |
| Book Value / Share | 9.61 |
| Operating CF (ttm) | 2.15B |
| Free Cash Flow (ttm) | 1.26B |
Trading & Dividends
| Beta (5Y) | 2.58 |
| 50-Day MA | 115.35 |
| 200-Day MA | 133.48 |
| Fwd Dividend Yield | N/A |
| Payout Ratio | 0.00% |
Ownership Breakdown
Institutional 73.61%
Insider 0.23%
Public 26.2%
Short Interest
2.18% of float
Low
Institutional 13F Holdings
Famous investors who disclosed a position in SHOP in their latest SEC 13F filing.
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Insider Transactions
| Date | Insider | Role | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-22 | Lutke (Tobias Albin) | Director of Issuer | Disposition under a purchase/ownership plan at price 118.73 per share. | 33,750 | $4,007,036 |
| 2026-07-22 | Lutke (Tobias Albin) | Director of Issuer | Disposition under a purchase/ownership plan at price 118.73 per share. | 6,750 | $801,407 |
| 2026-07-15 | Lutke (Tobias Albin) | Director of Issuer | Disposition under a purchase/ownership plan at price 124.34 per share. | 33,750 | $4,196,475 |
| 2026-07-15 | Lutke (Tobias Albin) | Director of Issuer | Disposition under a purchase/ownership plan at price 124.34 per share. | 6,750 | $839,295 |
| 2026-07-15 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Exercise of options at price 46.56 per share. | 3,000 | $139,680 |
| 2026-07-15 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Disposition under a purchase/ownership plan at price 126.52 per share. | 3,000 | $379,560 |
| 2026-07-15 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Exercise of options at price 46.56 per share. | 3,000 | $139,680 |
| 2026-07-15 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Disposition under a purchase/ownership plan at price 126.52 per share. | 3,000 | $379,560 |
| 2026-07-08 | Lutke (Tobias Albin) | Director of Issuer | Disposition under a purchase/ownership plan at price 116.95 per share. | 33,750 | $3,947,163 |
| 2026-07-08 | Lutke (Tobias Albin) | Director of Issuer | Disposition under a purchase/ownership plan at price 116.95 per share. | 6,750 | $789,432 |
| 2026-07-07 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Exercise of options at price 46.56 per share. | 3,000 | $139,680 |
| 2026-07-07 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Disposition under a purchase/ownership plan at price 125.00 per share. | 3,000 | $375,012 |
| 2026-07-07 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Exercise of options at price 46.56 per share. | 3,000 | $139,680 |
| 2026-07-07 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Disposition under a purchase/ownership plan at price 125.01 per share. | 3,000 | $375,018 |
| 2026-07-07 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Disposition under a purchase/ownership plan at price 125.00 per share. | 675 | $84,375 |
| 2026-07-07 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Disposition under a purchase/ownership plan at price 125.00 per share. | 675 | $84,375 |
| 2026-07-02 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Disposition under a purchase/ownership plan at price 119.21 per share. | 675 | $80,466 |
| 2026-07-01 | Lutke (Tobias Albin) | Director of Issuer | Disposition under a purchase/ownership plan at price 121.68 per share. | 33,750 | $4,106,565 |
| 2026-07-01 | Lutke (Tobias Albin) | Director of Issuer | Disposition under a purchase/ownership plan at price 121.68 per share. | 6,750 | $821,313 |
| 2026-06-30 | Shopify Inc | Issuer | Redemption, retraction, cancelation, repurchase at price 114.32 per share. | 191,477 | $21,890,225 |
| 2026-06-30 | Shopify Inc | Issuer | 194,036 | — | |
| 2026-06-29 | Shopify Inc | Issuer | Redemption, retraction, cancelation, repurchase at price 116.92 per share. | 194,036 | $22,686,883 |
| 2026-06-29 | Shopify Inc | Issuer | 204,917 | — | |
| 2026-06-29 | Niehaus (Jean) | Senior Officer of Issuer | 1,096 | — | |
| 2026-06-29 | Niehaus (Jean) | Senior Officer of Issuer | Disposition in the public market at price 116.27 per share. | 405 | $47,089 |
Lutke (Tobias Albin)
Director of Issuer
Disposition under a purchase/ownership plan at price 118.73 per share.
2026-07-22
33,750 sh
$4,007,036
Lutke (Tobias Albin)
Director of Issuer
Disposition under a purchase/ownership plan at price 118.73 per share.
2026-07-22
6,750 sh
$801,407
Lutke (Tobias Albin)
Director of Issuer
Disposition under a purchase/ownership plan at price 124.34 per share.
2026-07-15
33,750 sh
$4,196,475
Lutke (Tobias Albin)
Director of Issuer
Disposition under a purchase/ownership plan at price 124.34 per share.
2026-07-15
6,750 sh
$839,295
Finkelstein (Harley Michael)
Senior Officer of Issuer
Exercise of options at price 46.56 per share.
2026-07-15
3,000 sh
$139,680
Finkelstein (Harley Michael)
Senior Officer of Issuer
Disposition under a purchase/ownership plan at price 126.52 per share.
2026-07-15
3,000 sh
$379,560
Finkelstein (Harley Michael)
Senior Officer of Issuer
Exercise of options at price 46.56 per share.
2026-07-15
3,000 sh
$139,680
Finkelstein (Harley Michael)
Senior Officer of Issuer
Disposition under a purchase/ownership plan at price 126.52 per share.
2026-07-15
3,000 sh
$379,560
Lutke (Tobias Albin)
Director of Issuer
Disposition under a purchase/ownership plan at price 116.95 per share.
2026-07-08
33,750 sh
$3,947,163
Lutke (Tobias Albin)
Director of Issuer
Disposition under a purchase/ownership plan at price 116.95 per share.
2026-07-08
6,750 sh
$789,432
Finkelstein (Harley Michael)
Senior Officer of Issuer
Exercise of options at price 46.56 per share.
2026-07-07
3,000 sh
$139,680
Finkelstein (Harley Michael)
Senior Officer of Issuer
Disposition under a purchase/ownership plan at price 125.00 per share.
2026-07-07
3,000 sh
$375,012
Finkelstein (Harley Michael)
Senior Officer of Issuer
Exercise of options at price 46.56 per share.
2026-07-07
3,000 sh
$139,680
Finkelstein (Harley Michael)
Senior Officer of Issuer
Disposition under a purchase/ownership plan at price 125.01 per share.
2026-07-07
3,000 sh
$375,018
Finkelstein (Harley Michael)
Senior Officer of Issuer
Disposition under a purchase/ownership plan at price 125.00 per share.
2026-07-07
675 sh
$84,375
Finkelstein (Harley Michael)
Senior Officer of Issuer
Disposition under a purchase/ownership plan at price 125.00 per share.
2026-07-07
675 sh
$84,375
Finkelstein (Harley Michael)
Senior Officer of Issuer
Disposition under a purchase/ownership plan at price 119.21 per share.
2026-07-02
675 sh
$80,466
Lutke (Tobias Albin)
Director of Issuer
Disposition under a purchase/ownership plan at price 121.68 per share.
2026-07-01
33,750 sh
$4,106,565
Lutke (Tobias Albin)
Director of Issuer
Disposition under a purchase/ownership plan at price 121.68 per share.
2026-07-01
6,750 sh
$821,313
Shopify Inc
Issuer
Redemption, retraction, cancelation, repurchase at price 114.32 per share.
2026-06-30
191,477 sh
$21,890,225
Shopify Inc
Issuer
2026-06-30
194,036 sh
—
Shopify Inc
Issuer
Redemption, retraction, cancelation, repurchase at price 116.92 per share.
2026-06-29
194,036 sh
$22,686,883
Shopify Inc
Issuer
2026-06-29
204,917 sh
—
Niehaus (Jean)
Senior Officer of Issuer
2026-06-29
1,096 sh
—
Niehaus (Jean)
Senior Officer of Issuer
Disposition in the public market at price 116.27 per share.
2026-06-29
405 sh
$47,089