Shopify Inc.
SHOP
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Shopify is well-positioned in the e-commerce sector, benefiting from the ongoing digital transformation and increasing online retail adoption.
- Revenue increased by 13% compared to the prior quarter, reaching $3.6 billion.
- Operating margin expanded to 17.6%.
- Shopify faces significant competition in the e-commerce platform space, which could pressure margins and growth.
- Gross margin decreased to 47.7%, down from 48.8% in the prior quarter.
- Trailing P/E ratio stands at 111.11, indicating high valuation concerns.
Fundamentals
| Market cap | $213.54B | Enterprise value | $206.96B | Trailing P/E | 111.19 | Forward P/E | 67.12 |
| PEG | 1.73 | Price / book | 16.73 | Beta | 2.63 | Dividend yield | 0.00% |
| Revenue growth | 33.7% | Earnings growth | 68.1% | Gross margin | 47.8% | Operating margin | 17.6% |
| Profit margin | 14.5% | ROE | 15.5% | ROA | 10.2% | Debt / equity | 0.01 |
| Current ratio | 5.35 | Free cash flow | $1.59B | Analyst recommendation | buy | Mean target | $173.19 |
| 52w high | $182.19 | 52w low | $94.00 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $3.6B | $3.2B | $3.7B | $2.8B | $2.7B | — |
| Op margin | 17.6% | 15.7% | 20.3% | 17.3% | 13.8% | — |
| Net income | $1.5B | -$581M | $743M | $264M | $906M | — |
| Gross margin | 47.7% | 48.8% | 46.1% | 48.9% | 48.6% | — |
| Gross profit | $1.7B | $1.5B | $1.7B | $1.4B | $1.3B | — |
| Operating income | $629M | $498M | $745M | $491M | $371M | — |
- Revenue +13% vs prior quarter ($3.6B vs $3.2B).
- Gross margin 47.7% (was 48.8% prior quarter).
- Operating margin expanded to 17.6%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $11.6B | $8.9B | $7.1B | $5.6B | — |
| Op margin | 16.3% | 14.7% | 1.0% | -12.3% | — |
| Net income | $1.2B | $2.0B | $132M | -$3.5B | — |
| Gross margin | 48.1% | 50.4% | 49.8% | 49.2% | — |
| Gross profit | $5.6B | $4.5B | $3.5B | $2.8B | — |
| Operating income | $1.9B | $1.3B | $74.0M | -$687M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · The Shopify Stock Rally Isn’t Done: Chart of the Week
2026-10-09 · Shopify (SHOP) Blocks AI Checkouts While Same Day Delivery Reaches More Merchants
2026-10-08 · Has PayPal Stock Become A Different Bet?
2026-10-08 · Ecom Logistics Launches Ecom NOW, Bringing Same-Day Delivery to Shopify Merchants' Own Storefronts
2026-10-08 · Josh Kushner Builds $17.5 Billion Empire Beyond Venture Capital
2026-10-08 · Shopify Draws a Hard Line at the Checkout Gate
2026-10-08 · Analysts rank Shopify 31 places above Apple
2026-10-08 · Anyflo emerges from stealth with acquisition of Native, to simplify stablecoin payments for enterprises
2026-10-07 · The 2026 Cantech Letter Conference Closes the Market
2026-10-07 · Dow Jones AI Giant Nvidia Stock Hits New High And Fresh Buy Point
2026-10-07 · Meta Enterprise Platform: The "Next Major Pillar" of Zuckerberg's AI Vision
2026-10-07 · Croissant Pay Expands to Shopify Checkout and In-Store, With SIMKHAI Among the First Brands Live
Price (daily)
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