Shopify Inc.

NasdaqGS:SHOP 株式レポート

時価総額：US$143.3b

Shopify 過去の業績

過去 基準チェック /26

Shopifyは、平均年間10.3%の収益成長を遂げていますが、 IT業界の収益は、年間 成長しています。収益は、平均年間7.4% 23.2%収益成長率で 成長しています。 Shopifyの自己資本利益率は10.7%であり、純利益率は10.8%です。

主要情報

10.34%

収益成長率

9.13%

EPS成長率

IT 業界の成長22.43%
収益成長率23.21%
株主資本利益率10.66%
ネット・マージン10.77%
前回の決算情報31 Mar 2026

最近の業績更新

Recent updates

分析記事 • May 07

Shopify Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's been a sad week for Shopify Inc. ( NASDAQ:SHOP ), who've watched their investment drop 13% to US$105 in the week...
Seeking Alpha • May 06

Shopify: Buying The Post-Earnings Dip Makes Complete Sense (Review)

Summary Shopify (SHOP) remains a 'Buy' after its Q1 2026 post-earnings dip, with catalysts intact and valuation reset meaningfully. Q1 results showed GMV up 37% YoY to $100.7B, revenue up 34% YoY to $3.17B, and strong FCF margin at ~15%. AI-driven commerce and agentic AI integrations are driving exponential early growth in traffic and orders, supporting long-term bullishness. Shopify’s merchant base appears sticky, with about 90% of revenue coming from merchants on the platform over a year, supporting future pricing power and retention. Despite near-term margin compression and cautious guidance, I see 82% upside to FY2027 at a 14x sales multiple, with Wall Street consensus at ~44%. Read the full article on Seeking Alpha
ナラティブ更新 • Apr 29

SHOP: AI Disintermediation Fears And Sector Multiple Compression Will Pressure Returns

Analysts maintained Shopify’s fair value estimate at $110.00 and made modest adjustments to underlying assumptions, citing a mix of reduced price targets from several brokers and renewed support from others who emphasize Shopify’s role as core e-commerce infrastructure and its potential in agentic commerce and AI-powered tools. Analyst Commentary The latest round of research on Shopify reflects a split view, with some firms trimming price targets and others lifting ratings or setting higher targets.
新しいナラティブ • Apr 17

Shopify Inc. (SHOP): The "Agentic Commerce" Pioneer and the $131 Resistance

Shopify Inc. (SHOP) , the foundational operating system for modern commerce, enters Friday, April 17, 2026 , amidst a powerful bullish pivot.
ナラティブ更新 • Apr 15

SHOP: Agentic Commerce Role Will Face Tighter Multiples And AI Disintermediation Tests

Shopify's analyst price targets have recently moved both up and down around the $150 to $165 range, with changes often tied to views on AI driven commerce opportunities, competitive positioning after OpenAI's checkout rollback, and a reassessment of sector valuation multiples. Analyst Commentary Recent research on Shopify points to a mixed but increasingly debated outlook, with bullish views on its role in AI enabled commerce set against a wave of more conservative price target resets clustered in the $150 to $165 range.
ナラティブ更新 • Apr 01

SHOP: Agentic Commerce Role Will Confront Sector Multiple Compression And High Expectations

Analysts kept Shopify's fair value estimate steady at $110, while modestly refining their assumptions for discount rate, revenue growth, margin profile and future P/E. This reflects a mix of recent price target increases tied to Shopify's role in agentic commerce and infrastructure, along with resets from other firms that cite valuation and sector multiple compression.
ナラティブ更新 • Mar 17

SHOP: Agentic Commerce Optimism Will Face Test As Expectations Stay Elevated

Shopify's analyst fair value estimate has been modestly adjusted from $111.12 to $110.00 as analysts factor in updated assumptions around discount rates, revenue growth, profit margins, and a slightly lower future P/E. Recent research highlights both rising price targets from bulls focused on AI and agentic commerce potential, and reductions from others citing valuation reset and sector multiple compression.
ナラティブ更新 • Mar 03

SHOP: Rich Multiple And Agentic Commerce Promise Will Shape Near-Term Trading

The analyst price target for Shopify in our model edges up from $110.00 to about $111.12 as analysts weigh a mix of recent target cuts and upgrades, with many still highlighting growth in agentic commerce, AI supported monetization, and the stock's pullback as key parts of their thesis. Analyst Commentary Recent research on Shopify reflects a split view, with some firms upgrading on the stock's pullback and AI and agentic commerce potential, while others are trimming targets or stepping to the sidelines after a strong run.
ナラティブ更新 • Feb 17

SHOP: Rich Multiple And Mixed Sentiment Will Likely Cap Near-Term Upside

Analysts have trimmed our Shopify fair value estimate to $110 from about $139. This reflects lower price targets across the Street as models reset for softer revenue growth assumptions, slightly reduced margin expectations, and lower sector P/E multiples despite generally solid recent results.
分析記事 • Feb 13

The Price Is Right For Shopify Inc. (NASDAQ:SHOP) Even After Diving 34%

Shopify Inc. ( NASDAQ:SHOP ) shareholders won't be pleased to see that the share price has had a very rough month...
ナラティブ更新 • Feb 03

SHOP: AI Efficiencies And Q4 Execution Will Support Higher Earnings Power

The analyst fair value estimate for Shopify has increased from US$200 to about US$218, reflecting updated assumptions on revenue growth, profitability and future P/E following recent research highlighting Q4 fundamentals, AI driven operating leverage and a series of price target revisions and rating changes across the Street. Analyst Commentary Street research around Shopify has skewed constructive, with several bullish analysts revisiting their models and resetting price targets and ratings after recent earnings and product updates.
ナラティブ更新 • Jan 20

SHOP: AI Monetization And Operating Leverage Will Support Measured Upside Into 2026

Analysts have nudged our implied fair value for Shopify to about US$179.49 per share, up roughly US$4 from the prior US$175.43. This reflects Street research that highlights stronger top line potential, rising AI related monetization and operating leverage, partially offset by more cautious views on valuation, margins and already high expectations.
ナラティブ更新 • Jan 06

SHOP: Lofty Multiples And Soft Cash Flow Will Restrain Near-Term Upside

Analysts increased their Shopify fair value estimate from about US$116 to roughly US$139, citing stronger expected revenue growth, a slightly higher assumed future P/E, and recent price target hikes across the Street. They attribute these changes to what they view as solid Q3 execution, despite some concerns around valuation and free cash flow.
ナラティブ更新 • Dec 17

SHOP: AI Partnerships And Margin Expansion Will Drive Measured Upside Into 2025

Analysts have nudged our Shopify price target higher to approximately $175, up modestly from about $170. This reflects slightly faster expected profit margin expansion and durable post Q3 growth momentum that they believe supports the stock's premium valuation.
ナラティブ更新 • Dec 03

SHOP: Future AI Commerce Momentum Will Drive Premium Re-Rating Into 2025

Analysts have modestly raised their Shopify price target by about $20 to roughly $190, as stronger growth, improving profit margins, and continued estimate revisions following solid Q3 results support a higher fair value despite ongoing concerns around valuation and near term cash flow softness. Analyst Commentary Recent Street research on Shopify reflects a constructive but more balanced stance, with most revisions skewing higher on price targets while calls for restraint grow louder around valuation and cash flow visibility.
ナラティブ更新 • Nov 21

Resilient performance despite tariff and consumer sentiment pressure

Shopify’s Q3 2025 results (reported 4 Nov 2025) showed revenue growth of ~32% and GMV up ~32% despite the challenging backdrop. The The Conference Board Consumer Confidence Index shows the expectations component at 71.5 (October 2025) which is below the ~80 level typically seen as a signal of recession risk.
ナラティブ更新 • Nov 19

SHOP: Future Revenue Momentum Will Drive Re-Rating Into 2025

Shopify's analyst fair value target has increased from $165.87 to $175.11. Analysts point to stronger-than-expected Q3 results and sustained revenue growth outpacing market expectations as key drivers behind the positive revision.
ナラティブ更新 • Nov 03

SHOP: Expansion And AI Integration Will Drive Continued Market Share Gains

Shopify's analyst price target has been raised from $170 to $200. Analysts cite continued strong growth momentum, robust AI innovation, and market share gains as primary drivers behind the updated outlook.
ナラティブ更新 • Oct 20

International Expansion And AI Integration Will Open New Global Markets

Shopify's fair value estimate has increased modestly to $164.45 per share. Analysts point to ongoing growth momentum, resilient market share, and enthusiasm around new AI initiatives as factors supporting a higher price target, despite recent executive departures.
ナラティブ更新 • Oct 05

International Expansion And AI Integration Will Open New Global Markets

Shopify's analyst fair value price target has increased slightly by $2.04 to $163.15. Analysts cite continued solid growth, successful product expansion, and positive momentum in recent results as factors supporting the company's higher valuation.
ナラティブ更新 • Aug 27

International Expansion And AI Integration Will Open New Global Markets

Shopify’s consensus price target was slightly raised to $161.11 as analysts highlighted exceptional Q2 results, accelerating revenue and GMV growth, and expanding international and enterprise momentum, although some caution remains on valuation. Analyst Commentary Bullish analysts cite exceptional Q2 results, highlighted by accelerating gross merchandise volume growth and revenue growth above 30% despite difficult macroeconomic conditions.
分析記事 • Aug 11

Optimistic Investors Push Shopify Inc. (NASDAQ:SHOP) Shares Up 33% But Growth Is Lacking

Shopify Inc. ( NASDAQ:SHOP ) shareholders have had their patience rewarded with a 33% share price jump in the last...
ナラティブ更新 • Aug 07

International Expansion And AI Integration Will Open New Global Markets

The significant increase in Shopify’s consensus analyst price target reflects higher growth expectations, as evidenced by a rising future P/E ratio, despite a marginal decline in net profit margin, raising the fair value estimate from $118.76 to $135.38. What's in the News FST Corp.
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新しいナラティブ • Jul 16

Global Entrepreneurship And Online Retail Will Unlock Future Expansion

Global ecommerce trends, international expansion, and platform localization are driving strong merchant growth, revenue diversification, and improved onboarding for Shopify.
Seeking Alpha • Apr 19

Shopify: Why Holding The Line Still Makes Sense Amid Market Uncertainty

Summary On January 19, 2025, I gave Shopify a hold rating due to its high valuation at the time. The stock price has since underperformed. Investors were disappointed in the company's free cash flow guidance for the first quarter of 2025, leading to the stock's decline. Shopify has consistently shown steady revenue growth over the last two years, a positive indicator for its long-term viability. The company is moving upmarket and has gained several large enterprises as customers during the fourth quarter. Despite its strong business model, the stock remains a hold because of macroeconomic concerns. Read the full article on Seeking Alpha
Seeking Alpha • Mar 30

Shopify: Don't Overthink The Buying Opportunity

Summary Shopify has returned to its roots, focusing on doing what it does best, and the recent results have demonstrated that strategy. Shopify has also gained share with the higher value enterprise customers, pushing into spaces dominated by enterprise software firms. SHOP's execution is remarkable, but the stock isn't valued at a discount. While the stock is not assessed to be undervalued, buying momentum remains favorable after the recent 30% drop. I argue why SHOP offers growth investors another opportunity to accumulate while the market dithers due to recent pessimism. Read the full article on Seeking Alpha
Seeking Alpha • Mar 21

Shopify: The Price Of Perfection

Summary Growth stocks are supposed to see growth rates decelerate over time - but is Shopify excluded from that rule? The company saw growth accelerate in the latest quarter, and management continues to guide for sustained growth ahead. The company is profitable on a GAAP basis with a net cash balance sheet. I evaluate the stock against long-term projections. Read the full article on Seeking Alpha
Seeking Alpha • Feb 18

Shopify's Growth Story: Direct-To-Consumer Enabler For Independent Brands

Summary Shopify's recovery post-pandemic is impressive, with revenue growth outpacing costs, leading to improved margins and a strong market position. Shopify empowers merchants with advanced tools, AI-driven marketing, and financial services, attracting both small businesses and large enterprises like Reebok. Despite high valuation metrics, Shopify's explosive revenue growth and expanding profitability make it a compelling investment story, though competition and regulatory risks remain. Read the full article on Seeking Alpha

収支内訳

Shopify の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。

収益と収入の歴史

NasdaqGS:SHOP 収益、費用、利益 ( )USD Millions
日付収益収益G+A経費研究開発費
31 Mar 2612,3661,3322,2061,576
31 Dec 2511,5561,2312,1071,515
30 Sep 2510,6961,7812,0101,476
30 Jun 2510,0142,3451,9351,435
31 Mar 259,3791,6101,8781,392
31 Dec 248,8802,0191,8511,351
30 Sep 248,2121,3831,8781,423
30 Jun 247,7641,2731,7591,294
31 Mar 247,413-2091,6961,490
31 Dec 237,0601321,6221,612
30 Sep 236,651-1,1481,4461,624
30 Jun 236,303-2,0251,6791,833
31 Mar 235,904-1,9181,7301,637
31 Dec 225,600-3,4601,7311,485
30 Sep 225,245-3,2081,7961,323
30 Jun 225,003-1,9011,5581,125
31 Mar 224,8271821,379956
31 Dec 214,6122,9151,217819
30 Sep 214,2103,4101,060699
30 Jun 213,8532,452937623
31 Mar 213,4481,609854570
31 Dec 202,929320804518
30 Sep 202,457196767470
30 Jun 202,080-67724423
31 Mar 201,728-132683382
31 Dec 191,578-125627355
30 Sep 191,417-127567310
30 Jun 191,296-78533283
31 Mar 191,179-73493254
31 Dec 181,073-65454226
30 Sep 18952-66412199
30 Jun 18854-52370174
31 Mar 18760-42326153
31 Dec 17673-40291133
30 Sep 17581-46258118
30 Jun 17509-46225101
31 Mar 17444-4019586
31 Dec 16389-3517273
30 Sep 16329-3314961
30 Jun 16282-2812952
31 Mar 16241-2310944
31 Dec 15205-199038
30 Sep 15170-177533
30 Jun 15145-176629

質の高い収益: SHOPは 高品質の収益 を持っています。

利益率の向上: SHOPの現在の純利益率 (10.8%)は、昨年(17.2%)よりも低くなっています。

フリー・キャッシュフローと収益の比較

過去の収益成長分析

収益動向: SHOPの収益は過去 5 年間で年間10.3%増加しました。

成長の加速: SHOPは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。

収益対業界: SHOPは過去 1 年間で収益成長率がマイナス ( -17.3% ) となったため、 IT業界平均 ( 37% ) と比較することが困難です。

株主資本利益率

高いROE: SHOPの 自己資本利益率 ( 10.7% ) は 低い とみなされます。

総資産利益率

使用総資本利益率

過去の好業績企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/10 16:52
終値2026/05/08 00:00
収益2026/03/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Shopify Inc. 45 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。82

アナリスト機関
Harshit GuptaAccountability Research Corporation
Richard KramerArete Research Services LLP
Oliver LesterArete Research Services LLP