Shopify Future Growth
Future criteria checks 4/6
Shopify is forecast to grow earnings and revenue by 34.9% and 16.4% per annum respectively. EPS is expected to grow by 35.8% per annum. Return on equity is forecast to be 16.7% in 3 years.
Key information
34.9%
Earnings growth rate
35.8%
EPS growth rate
| IT earnings growth | 16.8% |
| Revenue growth rate | 16.4% |
| Future return on equity | 16.7% |
| Analyst coverage | Good |
| Last updated | 19 Apr 2024 |
Recent future growth updates
Recent updates
The Price Is Right For Shopify Inc. (NYSE:SHOP)
Apr 02
Shopify: Aggressive Expansion Path
Mar 25Is Shopify Inc. (NYSE:SHOP) Expensive For A Reason? A Look At Its Intrinsic Value
Mar 18Shopify: Way Too Cheap For What's Coming
Mar 17Shopify (NYSE:SHOP) Is Looking To Continue Growing Its Returns On Capital
Mar 03Shopify: Disappointing Free Cash Flow Guidance, An Opportunity For Growth Investors
Feb 23Shopify Is Succeeding With Their Merchants
Feb 16Shopify: A Sanity Check Is Overdue (Rating Downgrade)
Feb 07Shopify: Strength Through Partnerships
Feb 01Shopify: It's Just Math, Decade Of Underperformance Ahead
Jan 18The 'New' Shopify Is Here
Jan 09Shopify: 3 Reasons To Buy In 2024
Jan 03What You Can Learn From Shopify Inc.'s (NYSE:SHOP) P/S
Dec 31Shopify Is A Special Company
Dec 11Is Shopify (NYSE:SHOP) Using Debt In A Risky Way?
Dec 10Shopify As An Operating System For E-Commerce
Dec 03Shopify's Q3 Earnings Beat The Odds: Is The Stock Still Overpriced Or Worth Every Penny?
Nov 06Shopify: Financial Discipline Is Taking Hold
Oct 31Shopify: Riding High On Promising Future Growth
Oct 13Shopify: Bull Run Is Likely Over
Sep 27Shopify Will Weather Cyclical Headwinds With 3 Factors Reinforcing Its Strengthening Moat
Sep 12Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?
Sep 11Shopify Can Surprise With Better Growth Trajectory
Aug 31Estimating The Intrinsic Value Of Shopify Inc. (NYSE:SHOP)
Aug 21Shopify: Soaring Profits With A 2-Pronged Approach
Aug 19Make No Mistake, Shopify's AI Opportunities Are Massive (Rating Upgrade)
Aug 13Revolutionary Q2 2023 Results Cement Shopify's Ecommerce Dominance
Aug 04Shopify Stock Is A Speculative Buy Before Earnings
Jul 25Shopify: The Rally Went Too Far
Jul 13Shopify: Living On Past Glory
Jul 07Shopify Inc.'s (NYSE:SHOP) Earnings Haven't Escaped The Attention Of Investors
Jun 22Shopify: Downgrading On Amazon Risks
Jun 19Shopify: Many Concerns Remain
Jun 13Is Shopify Stock A Buy, Sell, Or Hold After Going Up Over 50% This Year?
Jun 07Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?
Feb 24Shopify's Powerful Expansion Beyond E-Commerce
Feb 22Shopify: Closing In On Amazon 1P
Feb 16Shopify Stock Q4 Earnings Preview: What To Watch For
Feb 10Shopify: Epic Recovery Possibly Ahead
Jan 31Shopify's Runway Ahead
Jan 23Shopify: Right Company At The Wrong Price
Jan 17Shopify Is Not Afraid To Take On Amazon
Jan 11Shopify: Industry Disruptor With 60%+ Margin Of Safety
Dec 28Shopify: Expansion Into Advertising Makes It A Buy
Dec 21Shopify: Time For A Pause - No Margin Of Safety Here
Dec 10Is Now The Time To Look At Buying Shopify Inc. (NYSE:SHOP)?
Nov 23Shopify Is Adjusting To A Challenging Landscape
Nov 02Shopify: Day Of Reckoning Is Way Past
Oct 26Shopify: Q3 Earnings Could Surprise The Bears
Oct 17Shopify: Down 80%, One Of My Largest Positions
Oct 02Shopify: The Central Operating System For Business
Sep 17Shopify hires new finance chief
Sep 08Shopify: Simplifying Logistics
Aug 28Shopify: Set For A Rebound
Aug 17Shopify Stock's Outlook: Is A Rebound Possible In The Rest Of 2022?
Aug 11Shopify Remains Insanely Overvalued
Aug 04Shopify down 12% on announcement of 10% layoff in global workforce
Jul 26Shopify Has A Lot To Offer As The Digital Infrastructure Of Ecommerce
Jul 19Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 12,481 | 1,938 | 2,021 | 2,275 | 15 |
| 12/31/2025 | 10,243 | 1,313 | 1,667 | 1,772 | 41 |
| 12/31/2024 | 8,553 | 882 | 1,186 | 1,343 | 45 |
| 12/31/2023 | 7,060 | 132 | 905 | 944 | N/A |
| 9/30/2023 | 6,651 | -1,148 | 549 | 594 | N/A |
| 6/30/2023 | 6,303 | -2,025 | 125 | 182 | N/A |
| 3/31/2023 | 5,904 | -1,918 | -59 | -11 | N/A |
| 12/31/2022 | 5,600 | -3,460 | -186 | -136 | N/A |
| 9/30/2022 | 5,245 | -3,208 | -10 | 58 | N/A |
| 6/30/2022 | 5,003 | -1,901 | 168 | 234 | N/A |
| 3/31/2022 | 4,827 | 182 | 313 | 375 | N/A |
| 12/31/2021 | 4,612 | 2,915 | 485 | 536 | N/A |
| 9/30/2021 | 4,210 | 3,410 | 458 | 489 | N/A |
| 6/30/2021 | 3,853 | 2,452 | 507 | 537 | N/A |
| 3/31/2021 | 3,448 | 1,609 | 615 | 646 | N/A |
| 12/31/2020 | 2,929 | 320 | 383 | 425 | N/A |
| 9/30/2020 | 2,457 | 196 | 183 | 232 | N/A |
| 6/30/2020 | 2,080 | -67 | 58 | 113 | N/A |
| 3/31/2020 | 1,728 | -132 | -107 | -39 | N/A |
| 12/31/2019 | 1,578 | -125 | 8 | 71 | N/A |
| 9/30/2019 | 1,417 | -127 | -31 | 27 | N/A |
| 6/30/2019 | 1,296 | -78 | 10 | 60 | N/A |
| 3/31/2019 | 1,179 | -73 | -6 | 36 | N/A |
| 12/31/2018 | 1,073 | -65 | -32 | 9 | N/A |
| 9/30/2018 | 952 | -66 | -26 | 19 | N/A |
| 6/30/2018 | 854 | -52 | -31 | 10 | N/A |
| 3/31/2018 | 760 | -42 | -30 | 2 | N/A |
| 12/31/2017 | 673 | -40 | -16 | 8 | N/A |
| 9/30/2017 | 581 | -46 | N/A | -4 | N/A |
| 6/30/2017 | 509 | -46 | N/A | 3 | N/A |
| 3/31/2017 | 444 | -40 | N/A | 17 | N/A |
| 12/31/2016 | 389 | -35 | N/A | 14 | N/A |
| 9/30/2016 | 329 | -33 | N/A | 12 | N/A |
| 6/30/2016 | 282 | -28 | N/A | 11 | N/A |
| 3/31/2016 | 241 | -23 | N/A | 12 | N/A |
| 12/31/2015 | 205 | -19 | N/A | 16 | N/A |
| 9/30/2015 | 170 | -17 | N/A | 15 | N/A |
| 6/30/2015 | 145 | -17 | N/A | 13 | N/A |
| 3/31/2015 | 124 | -20 | N/A | 4 | N/A |
| 12/31/2014 | 105 | -22 | N/A | -1 | N/A |
| 12/31/2013 | 50 | -5 | N/A | 1 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SHOP's forecast earnings growth (34.9% per year) is above the savings rate (2.3%).
Earnings vs Market: SHOP's earnings (34.9% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: SHOP's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SHOP's revenue (16.4% per year) is forecast to grow faster than the US market (8.1% per year).
High Growth Revenue: SHOP's revenue (16.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SHOP's Return on Equity is forecast to be low in 3 years time (16.7%).