SHOP

Shopify

Fundamental data last updated:March 30, 2026

company profile

SECTOR

Technology

industry

Software - Application

Exchange

Nasdaq

County of HQ

Canada

Next Earnings Date

05/14/26

Business Summary

Shopify provides software applications that enable businesses to create and manage online stores and digital commerce operations. The company offers a platform that supports merchants with tools for payments, marketing, and business management across multiple sales channels.

VALUATION

P/E

119.1

Market Cap ($M USD)

$145,864

Forward P/E

48.6

PEG

2.3

PRICE TO SALES

12.6

PRICE TO BOOK

10.8

EV / EBITDA

73.2

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

$0.95

Next Year EPS Growth Estimate

$2.30

Next Year Revenue Growth Estimate

23.10%

Return on Equity (ROE)

9.10%

Operating Margin

16.30%

Debt-to-Equity

0

Piotroski F-Score

6

Altman Z-Score

53

Return on Invested Capital (ROIC)

7.30%%

Current Ratio

6

Quick Ratio

Gainseekers Quantitative Analysis

Summary

Shopify is a large-cap technology company with a market capitalization of $145,864 million, trading on the Nasdaq in the Software – Application industry. The stock trades at a Price / Earnings ratio of 119.1 and a Forward P/E of 48.6, with a PEG Forward of 2.3 and Price / Sales of 12.6. Profitability metrics include a Return on Equity of 23.10% and an Operating Margin of 9.10%, while the company carries a Debt / Equity ratio of 16.30% and does not pay a dividend.

AI Exposure / Tech Reliance

As a Software - Application company in the Technology sector, Shopify’s business model is inherently tied to technology platforms and digital infrastructure. Its valuation multiples suggest significant reliance on continued innovation and technology-driven growth.

The Bull Case

The company demonstrates solid profitability with a 23.10% Return on Equity and maintains a relatively low Debt / Equity ratio of 16.30%, indicating balanced leverage. A Forward P/E of 48.6 compared to a current P/E of 119.1 suggests expectations for improved earnings performance, supported by projected EPS next year of $0.95.

The Bear Case

The current valuation remains elevated at 119.1 times earnings and 12.6 times sales, which could limit upside if growth expectations are not met. A PEG Forward ratio of 2.3 and Operating Margin of 9.10% may indicate that growth is priced at a premium relative to current profitability levels.

Market Sentiment & Smart Money

Short Interest %

1.50%

Analyst Consensus

1.55

Average Analyst Price Target

$160.75

Institutional Ownership %

74.20%

1-Year Beta

2.17

Insider Buying % (6 Mo)

0.20%%

Distance to 52-Week High

61.40%%

Distance to 52-Week Low

160.20%%