company background image
SHOP logo

Shopify NasdaqGS:SHOP Stock Report

Last Price

US$100.65

Market Cap

US$126.4b

7D

-3.5%

1Y

33.1%

Updated

02 Apr, 2025

Data

Company Financials +

Shopify Inc.

NasdaqGS:SHOP Stock Report

Market Cap: US$126.4b

SHOP Stock Overview

A commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. More details

SHOP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance4/6
Financial Health5/6
Dividends0/6

Rewards

Earnings are forecast to grow 9.25% per year

Earnings grew by 1429.5% over the past year

Analysts in good agreement that stock price will rise by 33.7%

Risk Analysis

Large one-off items impacting financial results

Significant insider selling over the past 3 months


Shopify Inc. Competitors

GoDaddy

NYSE:GDDY

US$25.5b

VeriSign

NasdaqGS:VRSN

US$24.1b

Akamai Technologies

NasdaqGS:AKAM

US$12.1b

Wix.com

NasdaqGS:WIX

US$9.2b

Price History & Performance

Summary of share price highs, lows and changes for Shopify
Historical stock prices
Current Share PriceUS$100.65
52 Week HighUS$129.38
52 Week LowUS$48.56
Beta2.6
1 Month Change-5.56%
3 Month Change-6.40%
1 Year Change33.06%
3 Year Change53.29%
5 Year Change142.82%
Change since IPO3,819.39%

Recent News & Updates

Shopify: Don't Overthink The Buying Opportunity

Mar 30

Shopify: The Price Of Perfection

Mar 21

Recent updates

Shopify: Don't Overthink The Buying Opportunity

Mar 30

Shopify: The Price Of Perfection

Mar 21

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

Feb 18

Shopify Inc. (NYSE:SHOP) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable

Feb 14
Shopify Inc. (NYSE:SHOP) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable

Shopify: Raising My Price Target On Accelerating Growth

Feb 12

Shopify Should Beat Q4 Earnings, But Tariff Risks Are A Concern

Feb 04

Shopify: Outperforming Even My Most Bullish Expectations

Jan 13

Shareholders Should Be Pleased With Shopify Inc.'s (NYSE:SHOP) Price

Dec 30
Shareholders Should Be Pleased With Shopify Inc.'s (NYSE:SHOP) Price

Growing Top-Line One Merchant At A Time: Shopify - Initiating With A Buy

Dec 24

Is Shopify (NYSE:SHOP) A Risky Investment?

Dec 14
Is Shopify (NYSE:SHOP) A Risky Investment?

Shopify Stock Is A Black Friday Beneficiary That Faces Key Test In Q4

Dec 10

Shopify: Wait For The Buy Zone

Nov 22
author-image

Narrative update from Goran Damchevski

Nov 18Shopify is executing on its core business and growing above my 18% estimates.

Can Shopify Re-Rate Higher After The Q3 2024 Earnings Outperformance Rally?

Nov 12

Shopify: One Of The Best E-Commerce Platforms But Too Expensive

Oct 28

Estimating The Fair Value Of Shopify Inc. (NYSE:SHOP)

Oct 18
Estimating The Fair Value Of Shopify Inc. (NYSE:SHOP)

Shopify: More Upside Ahead, But Look For Exits Soon (Rating Downgrade)

Oct 16

Shopify: There Is A Light At The End Of The Tunnel (Rating Upgrade)

Oct 03

How Shopify Is Disrupting Lending And Driving Massive Stock Growth

Sep 27

Shopify: Optimistic Guidance Drives A Sharp Rise In Stock Price

Sep 13

Shopify Continues Increasing Operating Income

Sep 06
author-image

Expanding Global Reach And Product Suite Positions Company For Robust Revenue Surge

Sep 02 Shopify's expansion in international markets and product ranges is significantly growing its global market share, promising higher revenue.

Why Investors Shouldn't Be Surprised By Shopify Inc.'s (NYSE:SHOP) 36% Share Price Surge

Sep 01
Why Investors Shouldn't Be Surprised By Shopify Inc.'s (NYSE:SHOP) 36% Share Price Surge

Shopify's Unseen Advantage: Strong Earnings In A Weak Consumer Environment

Aug 22

Shopify (NYSE:SHOP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Aug 20
Shopify (NYSE:SHOP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Shopify: Strong Returns Still Ahead, Buy Before It's Too Late

Aug 16

Shopify: Solid Value For Growth Investors

Aug 09

Shopify Q2 Earnings Preview: Don't Ignore The Enterprise Customer Tailwind

Jul 29

Shopify: The Market Leader Deserves A Premium

Jul 19

Revenues Tell The Story For Shopify Inc. (NYSE:SHOP)

Jul 16
Revenues Tell The Story For Shopify Inc. (NYSE:SHOP)

We Like These Underlying Return On Capital Trends At Shopify (NYSE:SHOP)

Jun 28
We Like These Underlying Return On Capital Trends At Shopify (NYSE:SHOP)

Buy Shopify Before The Rebound (Technical Analysis)

Jun 24
author-image

Large Brands and New Verticals to Push Revenues Higher But Cheap Ecomm Software Risks Remain

Jun 19Expanding the customer base with large brands via the Shopify Plus subscriptions is a profitable way to grow the business.

Shopify: Beyond The Short-Term Noise, A Long-Term Growth Story, Buy

Jun 06

Shopify: The Powerhouse Of Next-Generation Commerce

May 20

Shopify: Multiple Compression Should Matter In Coming Years

May 06

Shopify (NYSE:SHOP) Has A Rock Solid Balance Sheet

May 03
Shopify (NYSE:SHOP) Has A Rock Solid Balance Sheet

Shopify Direct Sales Should Win As Amazon Shifts Toward 'Pay To Play' Model

Apr 29

Shopify: Aggressive Expansion Path

Mar 25

Shopify: Way Too Cheap For What's Coming

Mar 17

Shopify: Disappointing Free Cash Flow Guidance, An Opportunity For Growth Investors

Feb 23

Shopify Is Succeeding With Their Merchants

Feb 16

Shopify: A Sanity Check Is Overdue (Rating Downgrade)

Feb 07

Shopify: Strength Through Partnerships

Feb 01

Shopify: It's Just Math, Decade Of Underperformance Ahead

Jan 18

The 'New' Shopify Is Here

Jan 09

Shopify: 3 Reasons To Buy In 2024

Jan 03

Shopify Is A Special Company

Dec 11

Shopify As An Operating System For E-Commerce

Dec 03

Shareholder Returns

SHOPUS ITUS Market
7D-3.5%-3.6%-3.0%
1Y33.1%7.9%7.5%

Return vs Industry: SHOP exceeded the US IT industry which returned 7.9% over the past year.

Return vs Market: SHOP exceeded the US Market which returned 7.5% over the past year.

Price Volatility

Is SHOP's price volatile compared to industry and market?
SHOP volatility
SHOP Average Weekly Movement7.9%
IT Industry Average Movement8.7%
Market Average Movement6.4%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: SHOP has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: SHOP's weekly volatility (8%) has been stable over the past year.

Community vs My Fair Value

Create Narrative

Select a narrative for quick price alerts from the community, or create your own.

SHOP logo
Shopify
AN
Analyst Price Target
Consensus Narrative from 45 Analysts

Partnerships With FC Barcelona And Reebok Will Boost Future Market Position

Key Takeaways Investments in AI and expanding product offerings aim to enhance merchant efficiency, boosting earnings and operational margins. Focus on international expansion and strategic B2B investments targets higher revenue growth and market share gains.
View narrative
US$134.54
FV
27.4% undervalued intrinsic discount
21.88%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
171users have followed this narrative
7 days ago author updated this narrative
SHOP logo
Shopify
GO
Goran_Damchevski
Equity Analyst

Large Brands and New Verticals to Push Revenues Higher But Cheap Ecomm Software Risks Remain

Key Takeaways Expanding the customer base with large brands via the Shopify Plus subscriptions is a profitable way to grow the business. In my view, Shopify has a $32B software, and $15.4B payments market opportunity.
View narrative
US$39.00
FV
150.4% overvalued intrinsic discount
18.00%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
3users have followed this narrative
9 months ago author updated this narrative
SHOP logo
Shopify
BU
Butter_Bat
Community Contributor

Continuing market dominance, long lasting tailwinds, great optionality, exceptional management and continuous innovation.

Shopify will continue to grow into this ever growing market cementing itself as the go to option to start up an online presence. E-commerce as a whole will continue to grow ~8-10% as consumers switch from in store to online experiences.
View narrative
US$111.86
FV
12.7% undervalued intrinsic discount
19.00%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
3users have followed this narrative
6 months ago author updated this narrative
View Shopify Community

About the Company

FoundedEmployeesCEOWebsite
20048,100Tobi Lütkewww.shopify.com

Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline.

Shopify Inc. Fundamentals Summary

How do Shopify's earnings and revenue compare to its market cap?
SHOP fundamental statistics
Market capUS$126.43b
Earnings (TTM)US$2.02b
Revenue (TTM)US$8.88b

64.5x

P/E Ratio

14.7x

P/S Ratio

Is SHOP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SHOP income statement (TTM)
RevenueUS$8.88b
Cost of RevenueUS$4.41b
Gross ProfitUS$4.47b
Other ExpensesUS$2.45b
EarningsUS$2.02b

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.56
Gross Margin50.36%
Net Profit Margin22.74%
Debt/Equity Ratio7.9%

How did SHOP perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/02 22:54
End of Day Share Price 2025/04/02 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Shopify Inc. is covered by 79 analysts. 47 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Oliver LesterArete Research Services LLP
Richard KramerArete Research Services LLP