SHOPNASDAQ— Shopify Inc Price & Analysis

Shopify Inc

TECHNOLOGY — SOFTWARE - APPLICATION

$145.09

-$0.79-0.54%

Market Cap: $184.10B; Large Cap
P/E Ratio: 94.58; Fwd: 57.14
EPS (TTM): $1.50
Div. Yield: N/A

Technical Summary

RSI (14)52.01Neutral

SMA (50)$134.15Bullish

SMA (200)$131.30Bullish

MACD3.0333Bearish

Bollinger$140.42 – $158.63Mid

Stochastic29.91Neutral

Theo Outlook

Shopify (SHOP) presents a bullish thesis with a $186.7B market cap, trailing P/E of 98.03, TTM EPS of $1.48, and 33.7% YoY quarterly revenue growth to $13.27B, reflecting strong e-commerce platform adoption despite elevated valuation. Forward P/E of 59.52 and analyst target of $171.15 suggest upside potential as profitability improves from $2.4B EBITDA. High beta of 2.62 indicates volatility but aligns with growth momentum in a recovering retail sector. Key catalysts include Shopify's international expansion across Canada, US, UK, Australia, and Latin America, new product launches in payments and logistics, and sustained earnings momentum with 68.1% YoY quarterly EPS growth. Revenue per share TTM of $10.21 and gross profit of $6.34B underscore scalable SaaS model driving operating margin of 17.6%. Analyst ratings show 40 buy/strong buy vs. 11 hold, supporting continued market share gains. Risks encompass regulatory scrutiny on data privacy and e-commerce taxes, intense competition from Amazon and WooCommerce, and macro headwinds like inflation or recession reducing consumer spending. Mitigations include Shopify's diversified revenue streams, 73.3% institutional ownership providing stability, and robust balance sheet with 14.5% profit margin; beta hedging and geographic diversification further buffer volatility. Analysis generated by HeyTheo AI based on SEC filings, earnings transcripts, and market data.

Analysis generated by HeyTheo AI on Sep 7, 2026.

Company Overview

Shopify Inc., a commerce company, offers a commerce and service platform in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company is headquartered in Ottawa, Canada.

Fundamental Snapshot

Revenue: $13.27B
EBITDA: $2.40B
Gross Profit: $6.34B
Operating Margin: 17.6%
Profit Margin: 14.5%
ROE: 15.5%
Book Value: $9.84
Beta: 2.59
52-Wk High: $182.19
52-Wk Low: $94.00
Avg Volume: 6.87M
PEG Ratio: 2.61

Frequently Asked Questions

What is Shopify's business model?

Shopify operates a commerce platform enabling merchants to build online stores, manage sales, and handle payments globally. With $13.27B TTM revenue and 14.5% profit margin, it earns primarily through subscription fees, transaction charges, and add-on services like Shopify Payments.

What are Shopify's main revenue sources?

Revenue comes from merchant solutions (subscriptions, apps, payments) and subscription solutions. TTM revenue reached $13.27B with $6.34B gross profit; no dividend is paid, focusing reinvestment on growth amid 33.7% YoY quarterly revenue increase.

What competitive advantages does Shopify have?

Shopify's scalable SaaS platform, global reach in 6+ regions, and ecosystem of 1.2B shares outstanding provide moats. High 73.3% institutional ownership and 17.6% operating margin differentiate it from competitors, supported by 2.4B EBITDA.

What are the key risks for Shopify stock?

Key risks include high trailing P/E of 98.03, competition, and macro slowdowns. Mitigated by 59.52 forward P/E, 0.337 revenue growth, and analyst target of $171.15; beta of 2.62 signals volatility but strong 68.1% EPS growth helps.

What is Shopify's growth outlook?

Outlook is positive with 33.7% YoY revenue growth, EPS of $1.48, and latest quarter ending 2026-06-30 showing momentum. Analysts rate 40 buys vs. 1 sell, targeting $171.15 price amid expanding e-commerce adoption and 14.8 price-to-book ratio.