SHOP Stock Chart & Stats
$153.88
$10.01(8.80%)
At close: 4:00 PM EDT
$153.88
$10.01(8.80%)
Day’s Range― - ―
52-Week Range$94.00 - $182.19
Previous CloseN/A
Volume2.88M
Average Volume (3M)9.31M
Market Cap
$216.51B
Enterprise Value$203.84B
Total Cash (Recent Filing)$4.95B
Total Debt (Recent Filing)$178.00M
Price to Earnings (P/E)112.9
Beta2.37
Next Earnings
Nov 03, 2026EPS Estimate
0.47Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.50
Shares Outstanding1,208,351,600
10 Day Avg. Volume8,894,194
30 Day Avg. Volume9,312,862
Financial Highlights & Ratios
PEG Ratio-4.31
Price to Book (P/B)15.52
Price to Sales (P/S)17.78
P/FCF Ratio102.37
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue15.36
Enterprise Value/Gross Profit32.20
Enterprise Value/Ebitda91.80
Forecast
1Y Price Target
$177.72Price Target Upside15.49% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering31
EPS Forecast (FY)1.92
Revenue Forecast (FY)$15.31B
Bulls Say, Bears Say
Bulls Say
Broad-based GrowthGrowth 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 SheetVery 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 ScaleHigh 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 PressureGross 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 ExposureExpanding 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 CyclicalityRecent 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 $182.19 in the past 12 months.
What is Shopify’s market cap?
Shopify’s market cap is $216.51B.
When is Shopify’s upcoming earnings report date?
Shopify’s upcoming earnings report date is Nov 03, 2026 which is in 6 days.
How were Shopify’s earnings last quarter?
Shopify released its earnings results on Aug 05, 2026. The company reported $0.419 earnings per share for the quarter, beating the consensus estimate of $0.401 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 $0.419 in its last earnings report, beating expectations of $0.401. Following the earnings report the stock price went up 16.983%.
Which hedge fund is a major shareholder of Shopify?
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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9
10
Analyst Consensus
Strong Buy
Average Price Target:
$177.72 (15.49% Upside)
$177.72 (15.49% Upside)
Blogger Sentiment
Bullish
SHOP Sentiment 71%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 1.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $103.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.7%
Last 30 Days ▼ 1.4%
Last 30 Days ▼ 1.4%
News Sentiment
Neutral
Bullish news 60%
Bearish news 40%
Bearish news 40%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-2.75%
12-Months-Change
Fundamentals
Return on Equity
15.06%
Trailing 12-Months
Asset Growth
-0.62%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Shopify
Headquartered in Ottawa, Canada, Shopify Inc. is a global commerce company established in 2004. Operating across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America, it delivers a comprehensive platform and suite of services designed to empower merchants. This robust platform allows businesses to showcase, manage, market, and sell their products through a diverse array of channels, including online and mobile storefronts, brick-and-mortar stores, temporary pop-up locations, social media integrations, dedicated mobile applications, buy buttons, and various online marketplaces. Beyond sales, Shopify's ecosystem supports merchants in managing inventory, processing transactions, handling order fulfillment and shipping, cultivating customer relationships, sourcing products, leveraging advanced analytics, overseeing financial operations, and accessing capital. The company further enhances its offerings with custom themes, applications, and domain name registration services. Its merchant solutions specifically encompass payment processing, streamlined shipping and fulfillment, and secure access to working capital. Prior to its current name, adopted in November 2011, the company was known as Jaded Pixel Technologies Inc.
SHOP Company Deck
SHOP Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call highlighted broad, durable growth across GMV, revenue, gross profit and free cash flow, strong payments and international momentum, rapid adoption of AI products (Sidekick and Catalog) with measurable merchant impact, solid enterprise and B2B traction, and visible operating leverage. The main cautions were that agentic commerce is still small versus total GMV (early stage), gross profit growth is expected to lag revenue growth due to mix, and credit/capital products introduce scaling risk and loss exposure. On balance, the positives — especially consistent 30%+ growth across key metrics, expanding payments penetration, strong cohort retention, and accelerating AI-driven product adoption — materially outweigh the limited challenges discussed.View all SHOP earnings summariesSHOP Stock 12 Month Forecast
Average Price Target
$177.72
▲(15.49% Upside)
Technical Analysis
Open Text
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Ownership Overview
0.11% Insiders
20.69% Mutual Funds
0.75% Other Institutional Investors
62.98% Public Companies and Individual Investors