Shopify Inc. (SHOP)
NASDAQ:SHOP
SHOP Stock Chart & Stats
$131.15
-$1.25(-1.17%)
At close: 4:00 PM EST
$131.15
-$1.25(-1.17%)
Day’s Range― - ―
52-Week Range$94.00 - $182.19
Previous CloseN/A
Volume2.37M
Average Volume (3M)12.11M
Market Cap
$151.21B
Enterprise Value$152.37B
Total Cash (Recent Filing)$5.75B
Total Debt (Recent Filing)$179.13M
Price to Earnings (P/E)110.5
Beta2.22
Next Earnings
Jul 29, 2026EPS Estimate
0.4Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.04
Shares Outstanding1,219,581,000
10 Day Avg. Volume10,100,195
30 Day Avg. Volume12,109,291
Financial Highlights & Ratios
PEG Ratio-4.30
Price to Book (P/B)15.54
Price to Sales (P/S)17.78
P/FCF Ratio102.37
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue12.32
Enterprise Value/Gross Profit25.72
Enterprise Value/Ebitda77.60
Forecast
1Y Price Target
$156.97Price Target Upside19.69% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering25
EPS Forecast (FY)1.82
Revenue Forecast (FY)$14.56B
Bulls Say, Bears Say
Bulls Say
Platform & Ecosystem Network EffectsA billion-item catalog plus an active app/developer ecosystem and AI-driven search materially raise switching costs and conversion for merchants. Over months, this bolsters retention, drives merchant monetization (payments, campaigns) and reinforces a durable multi-sided platform moat.
Very Low Leverage / Strong Balance SheetMinimal debt and a conservatively levered balance sheet provide enduring financial flexibility to invest in product, absorb credit losses in payments, pursue enterprise deals, and fund AI infrastructure without immediate refinancing risk across the next several quarters.
Robust Cash Generation And Improving MarginsSustained high free cash flow and margins enable reinvestment in product and go-to-market, support merchant solutions growth, and provide runway for AI and payments scale. The close tracking of cash to earnings suggests earnings quality and durable internal funding.
Bears Say
Profitability & Cash-flow VolatilityHistorical swings in profitability and cash flow indicate sensitivity to operating conditions and non-recurring items. This structural volatility can complicate multi-quarter planning, stress test margins during downturns, and raise execution risk as Shopify scales newer, capital-intensive services.
Rising Transaction And Loan LossesAs payments and capital products scale, rising credit and transaction losses are a structural margin headwind for merchant solutions. Higher loss rates can materially compress gross profit dollars and require more capital provisioning or tighter underwriting over the coming quarters.
Growing AI (LLM) Operating CostsRapid AI adoption increases LLM compute and inference costs which can structurally pressure high-margin subscription economics unless Shopify successfully monetizes AI features or raises prices. Persistently higher LLM expense could erode gross margins over months.
Shopify News
SHOP FAQ
What was Shopify Inc.’s price range in the past 12 months?
Shopify Inc. lowest stock price was $94.00 and its highest was $182.19 in the past 12 months.
What is Shopify Inc.’s market cap?
Shopify Inc.’s market cap is $151.21B.
When is Shopify Inc.’s upcoming earnings report date?
Shopify Inc.’s upcoming earnings report date is Jul 29, 2026 which is in 55 days.
How were Shopify Inc.’s earnings last quarter?
Shopify Inc. released its earnings results on May 05, 2026. The company reported $0.354 earnings per share for the quarter, beating the consensus estimate of $0.335 by $0.019.
Is Shopify Inc. overvalued?
According to Wall Street analysts Shopify Inc.’s price is currently Undervalued.
Does Shopify Inc. pay dividends?
Shopify Inc. does not currently pay dividends.
What is Shopify Inc.’s EPS estimate?
Shopify Inc.’s EPS estimate is 0.4.
How many shares outstanding does Shopify Inc. have?
Shopify Inc. has 1,219,581,000 shares outstanding.
What happened to Shopify Inc.’s price movement after its last earnings report?
Shopify Inc. reported an EPS of $0.354 in its last earnings report, beating expectations of $0.335. Following the earnings report the stock price went down -15.617%.
Which hedge fund is a major shareholder of Shopify Inc.?
Currently, no hedge funds are holding shares in SHOP
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Shopify Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$156.97 (19.69% Upside)
$156.97 (19.69% Upside)
Blogger Sentiment
Bullish
SHOP Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 1.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $81.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.5%
Last 30 Days ▲ 4.2%
Last 30 Days ▲ 4.2%
News Sentiment
Bullish
Bullish news 79%
Bearish news 13%
Bearish news 13%
Technicals
SMA
Negative
20 days / 200 days
Momentum
7.44%
12-Months-Change
Fundamentals
Return on Equity
10.52%
Trailing 12-Months
Asset Growth
5.38%
Trailing 12-Months
Company Description
Shopify Inc.
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.
SHOP Company Deck
SHOP Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a strongly positive operational and financial picture: very large GMV and revenue growth, robust free cash flow, rapid adoption and monetization of AI products (Sidekick, catalog, Campaigns), sizable payments and Shop Pay momentum, and broad strength across geographies, channels and merchant sizes, including enterprise wins. The primary negatives were manageable near‑term headwinds—rising transaction/credit losses as financial products scale, higher LLM costs as AI usage grows, normalization of a developer revenue‑share benefit, modest FX and tax impacts, and some regulatory/accounting changes. Overall, the highlights substantially outweigh the lowlights, indicating durable growth and a compounding platform advantage.View all SHOP earnings summariesSHOP Stock 12 Month Forecast
Average Price Target
$156.97
▲(19.69% Upside)
Technical Analysis
Open Text
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The Descartes Systems Group
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Constellation Software
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Kinaxis Inc
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Lightspeed POS Inc
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Ownership Overview
0.25% Insiders
20.92% Mutual Funds
28.40% Other Institutional Investors
35.86% Public Companies and Individual Investors