Shopify Inc. - Class A Subordinate Voting Shares (SHOP) Stock

About Shopify Inc. - Class A Subordinate Voting Shares

Shopify Inc. - Class A Subordinate Voting Shares is led by CEO Tobias Lutke, employs 8,100 people, headquartered in Ottawa, CA, publicly traded since 2015.

Shopify Inc. - Class A Subordinate Voting Shares (SHOP) stock trades at $168.68 with a market capitalization of $218.89B. The stock is valued at a price-to-earnings (P/E) ratio of 95.47, price-to-book of 14.53, price-to-sales of 13.91. Over the past 52 weeks the stock has ranged between $94.00 and $182.19, and currently trades 7.4% below its 52-week high.

On profitability, Shopify Inc. - Class A Subordinate Voting Shares generates a return on equity (ROE) of 15.06%, above the typical market range of roughly 12-15%, return on capital employed of 14.17%, an operating margin of 12.70%, a net profit margin of 14.53%.

In its most recent fiscal year, Shopify Inc. - Class A Subordinate Voting Shares reported annual revenue of $11.6B, net profit of $1.2B. Over the last 5 fiscal years, revenue grew at an average annual rate of 31.6%, and net profit grew at an average annual rate of 30.9%.

The balance sheet shows a debt-to-equity ratio of 0.01 (debt below half of shareholders' equity), a current ratio of 5.96, total assets of $15.2B, $1.5B in cash and equivalents.

SHOP has an average daily trading volume of 9,311,992 shares, a beta of 2.62 (historically more volatile than the overall market).

Shopify Inc. - Class A Subordinate Voting Shares by the numbers, 2016–2025

Between 2016 and 2025 Shopify Inc. - Class A Subordinate Voting Shares reported revenue of $389.0M rising to $11.6B, a change of +2870.7% across 10 years. Compounded, revenue has grown 31.6% a year over five years, 27.3% over three, 30.1% over the last twelve months. Net profit rose to $1.2B.

Operating margin went from -9.6% in 2016 to 12.7% in 2025, a gain of 22.3 percentage points. The most recent net margin is 14.53%. On a trailing twelve-month basis to Jun '26, revenue is $13.3B and net profit $1.9B.

Borrowings rose from $14.0M to $188.0M, cash from operations was $2.0B in the latest year, positive in 9 of the last 10.

Return on equity has averaged 2.5% over five years, and was 9.1% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Shopify Inc. - Class A Subordinate Voting Shares (SHOP) — frequently asked questions