SHOPNASDAQ— Shopify Inc. Price & Analysis

Shopify Inc.

TECHNOLOGY — SOFTWARE - APPLICATION

$149.34

+$2.73+1.86%

Market Cap: $187.60B; Large Cap
P/E Ratio: 88.39; Fwd: 60.38
EPS (TTM): $1.65
Div. Yield: N/A

Technical Summary

RSI (14)41.80Neutral

SMA (50)$152.48Bearish

SMA (200)$130.06Bullish

MACD-2.7610Bearish

Bollinger$140.64 – $183.98Mid

Stochastic32.03Neutral

Theo Outlook

Shopify Inc. provides a commerce technology platform that lets merchants sell products online, in stores, and through social and marketplace channels while handling inventory, payments, shipping, and analytics. For the trailing twelve months ending September 30, 2026, the company reported revenue of $14.17 billion, a profit margin of 15.01 percent, diluted earnings per share of $1.65, and a market capitalization of $187.60 billion.

Bull case: quarterly revenue grew 29.31 percent year over year through September 30, 2026, gross profit reached $6.73 billion on a trailing twelve month basis, and return on equity stood at 16.53 percent. Bear case: the trailing price to earnings ratio was 88.39, the forward price to earnings ratio was 60.38, and beta measured 2.66 as of the latest data.

Main risks include elevated valuation multiples and share price volatility. Analysis generated by HeyTheo AI from company and market data. It may be incomplete or inaccurate.

Analysis generated by HeyTheo AI on Nov 10, 2026.

Company Overview

Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.

Fundamental Snapshot

Revenue: $14.17B
EBITDA: $2.40B
Gross Profit: $6.73B
Operating Margin: 14.6%
Profit Margin: 15.0%
ROE: 16.5%
Book Value: $9.91
Beta: 2.66
52-Wk High: $180.88
52-Wk Low: $94.00
Volume: 2.61M
PEG Ratio: 1.96

Frequently Asked Questions

What does Shopify do?

Shopify Inc. operates a commerce technology platform that enables businesses to create online stores, manage inventory, process payments, and sell across multiple channels including web, mobile, social media, and physical locations. The company was founded in 2004 and rebranded in November 2011, with headquarters in Ottawa, Canada.

Where does Shopify's revenue come from?

Shopify generates revenue primarily from subscription fees for its platform, transaction fees on merchant sales, and additional services such as payment processing, shipping, themes, and apps. For the trailing twelve months ending September 30, 2026, total revenue reached $14.17 billion.

How does Shopify compete?

Shopify competes by offering an integrated platform that handles storefronts, inventory, payments, fulfillment, and analytics in one system, serving merchants across Canada, the United States, Europe, and other regions. Its gross profit for the trailing twelve months ending September 30, 2026, was $6.73 billion.

What are the main risks for Shopify?

Key risks include high share price volatility reflected in a beta of 2.66 and dependence on merchant adoption amid economic shifts. The company reported quarterly revenue growth of 29.31 percent year over year through September 30, 2026.

How is Shopify valued?

Shopify trades at a trailing price to earnings ratio of 88.39, a forward price to earnings ratio of 60.38, a price to sales ratio of 13.24, and a price to book ratio of 14.72 based on the latest available data. Its market capitalization stood at $187.60 billion as of the most recent figures.