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Shopify (SHOP) Stock Price & Analysis

SHOP Stock Chart & Stats

$158.50$1.01(0.64%)
At close: 11:30 AM EST
$125$150$1753 Aug17 Aug31 Aug14 Sep28 Sep12 Oct26 Oct
Day’s Range
$154.26 - $162.10
52-Week Range
$94.00 - $180.88
Previous Close
$166.89
Volume
N/A
Average Volume (3M)
9.08M
Market Cap
$202.86B
Enterprise Value
$203.84B
Total Cash (Recent Filing)
$4.95B
Total Debt (Recent Filing)
$178.00M
Price to Earnings (P/E)
105.7
Beta
2.38
Next Earnings
Nov 03, 2026 (Est.)
EPS Estimate
0.47
Next Dividend Ex-Date
N/A
Dividend Yield
N/A

Bulls Say, Bears Say

Bulls Say

Broad-based Growth

Growth is broad across GMV, revenue, gross profit and cash flow rather than concentrated in one product or geography. Sustained expansion across merchant sizes and channels can deepen Shopify’s platform position, increase service adoption, and support continued operating leverage over the coming quarters.

Strong Balance Sheet

Very low leverage gives Shopify substantial financial flexibility while it continues investing in products, payments and artificial intelligence. A strong capital base reduces dependence on external financing, improves resilience through weaker trading periods, and supports sustained strategic investment.

Merchant Retention And Ecosystem Scale

High retention among successful merchants and expanding cohort GMV indicate that Shopify can compound value as customers grow. This supports recurring subscription revenue, greater payments penetration, and deeper adoption of the broader ecosystem, strengthening customer economics over time.

Bears Say

Gross Profit Mix Pressure

Gross profit growing more slowly than revenue signals that mix shifts toward Merchant Solutions may constrain margin expansion. Even with strong sales growth, weaker gross-profit conversion could limit operating leverage and require continued efficiency gains to protect durable earnings quality.

Credit Loss Exposure

Expanding credit and capital products increases Shopify’s exposure to losses as transaction volumes grow. This can make earnings and cash generation more sensitive to merchant performance, while rising loss provisions could offset some benefits from payments adoption and platform expansion.

Profitability And Cash-flow Cyclicality

Recent cash generation is strong, but the 2022 downturn shows that it can weaken materially in adverse periods. The divergence between positive net income and negative TTM operating margin also indicates that reported profitability may remain uneven, reducing confidence in near-term margin consistency.

Shopify News

SHOP FAQ

What was Shopify’s price range in the past 12 months?
Shopify lowest stock price was $94.00 and its highest was $180.88 in the past 12 months.
What is Shopify’s market cap?
Shopify’s market cap is $202.86B.
When is Shopify’s upcoming earnings report date?
Shopify’s next earnings report is estimated for Nov 03, 2026 (not yet confirmed), which is in 1 day.
How were Shopify’s earnings last quarter?
Shopify released its earnings results on Aug 05, 2026. The company reported $0.421 earnings per share for the quarter, beating the consensus estimate of $0.404 by $0.018.
Is Shopify overvalued?
According to Wall Street analysts Shopify’s price is currently Undervalued.
Does Shopify pay dividends?
Shopify does not currently pay dividends.
What is Shopify’s EPS estimate?
Shopify’s EPS estimate is 0.47.
How many shares outstanding does Shopify have?
Shopify has 1,208,351,600 shares outstanding.
What happened to Shopify’s price movement after its last earnings report?
Shopify reported an EPS of $0.421 in its last earnings report, beating expectations of $0.404. Following the earnings report the stock price went up 16.983%.
Which hedge fund is a major shareholder of Shopify?
Hedge funds hold Shopify shares: the largest hedge-fund position in Shopify is 70,123,731 shares, and hedge funds decreased their holdings by 4.4M shares last quarter.
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