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Home CompaniesShopify Inc

Shopify Inc

Technology Software - Application
PortfolioPortfolio WatchlistWatchlist
Company price
151.47 USD 8.90 ( 6.24%)
Last update at 2026-11-04T18:39:00Z
VOLUME
6964037
Market Cap
168513.44M
P/E
90.18

Momentum Score

…

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. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is based in Ottawa, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
143.31
Low
153.26
High
52 Week Price Range
94.00
Low
182.19
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Shopify Inc operates a cloud-based commerce platform that enables merchants to build and manage online and physical stores and offers payments, point-of-sale, fulfillment and developer ecosystem services. Long-term growth drivers include secular e-commerce adoption, expansion of merchant services (payments, subscriptions, logistics) and international penetration plus network effects from apps and partners. Investors may find the company attractive for its recurring subscription and merchant solutions revenue and a large, scalable merchant base that appears positioned to grow.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
142.57
Dividend Yield
-
Revenue TTM
13269.00M
Revenue Per Share
10.21
Gross Profit TTM
6338.00M
Debt / Equity
0.01
ROE
15.54%
Net Debt
-1346.00M
ROCE
10.94%
Diluted EPS TTM
1.44

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Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 1509.00M 2228.00M 185.00M -3622.85M 3140.59M
Net income 1231.00M 2019.00M 132.00M -3460.42M 2914.66M
Selling general administrative 471.00M 410.00M 491.00M 707.76M 374.84M
Selling and marketing expenses 1663.00M 1393.00M 1220.00M 1230.49M 901.56M
Gross profit 5555.00M 4472.00M 3515.00M 2754.12M 2481.14M
Reconciled depreciation 31.00M 36.00M 70.00M 90.52M 66.31M
Ebit 1509.00M 1302.00M 74.00M -822.30M 268.64M
Ebitda 1540.00M 1338.00M 144.00M -731.78M 334.95M
Depreciation and amortization 31.00M 36.00M 70.00M 90.52M 66.31M
Operating income 1468.00M 1075.00M -1418.00M -822.30M 268.64M
Other operating expenses 10088.00M 7805.00M 8478.00M 6422.16M 4343.21M
Interest expense - - - 1.15M 1.15M
Tax provision 278.00M 209.00M 53.00M -162.43M 225.93M
Interest income 331.00M 308.00M 241.00M 2800.55M 15.36M
Net interest income 331.00M 308.00M 241.00M 75.64M 11.86M
Income tax expense 278.00M 209.00M 53.00M -162.43M 225.93M
Total revenue 11556.00M 8880.00M 7060.00M 5599.86M 4611.86M
Total operating expenses 4087.00M 3397.00M 4933.00M 3576.42M 2212.50M
Cost of revenue 6001.00M 4408.00M 3545.00M 2845.74M 2130.71M
Total other income expense net 41.00M 1153.00M 1603.00M -2800.55M 2871.95M
Net income from continuing ops 1231.00M 2019.00M 132.00M -3460.42M 2914.66M
Net income applicable to common shares - 2019.00M 133.00M -3460.42M 2914.66M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 15189.00M 13924.00M 11299.00M 10757.15M 13340.17M
Intangible assets 30.00M 22.00M 29.00M 390.15M 138.50M
Other current assets 138.00M 94.00M 93.00M 139.66M 103.27M
Total liab 1716.00M 2366.00M 2233.00M 2518.26M 2206.83M
Total stockholder equity 13473.00M 11558.00M 9066.00M 8238.89M 11133.34M
Other current liab 505.00M 198.00M 124.00M 9.39M 13.51M
Common stock 10376.00M 9634.00M 9201.00M 8747.43M 8040.10M
Capital stock 10376.00M 9634.00M 9201.00M 8747.43M 8040.10M
Retained earnings 2860.00M 1629.00M -390.00M -522.28M 2938.14M
Other liab - - - 283.81M 346.36M
Good will 491.00M 452.00M 427.00M 1836.28M 356.53M
Other assets 7241.00M 6743.00M 44.00M 40.82M 48.37M
Cash 1534.00M 1498.00M 1413.00M 1649.33M 2502.99M
Cash and equivalents - 1498.00M 1413.00M 1649.33M 2502.99M
Total current liabilities 1392.00M 1956.00M 898.00M 856.01M 702.73M
Current deferred revenue 300.00M 283.00M 302.00M 295.89M 216.79M
Net debt -1346.00M -372.00M -263.00M -252.72M -1329.51M
Short term debt 17.00M 936.00M 17.00M 18.16M 15.75M
Short long term debt - 918.00M - - -
Short long term debt total 188.00M 1126.00M 1150.00M 1396.61M 1173.49M
Other stockholder equity 236.00M 305.00M 251.00M 30.21M 161.07M
Property plant equipment - 140.00M 147.00M 485.97M 301.91M
Total current assets 8296.00M 7254.00M 6275.00M 6050.47M 8539.32M
Long term investments 6159.00M 5998.00M 4377.00M 1953.46M 3749.67M
Net tangible assets - - - 6012.46M 10638.32M
Short term investments 4233.00M 3981.00M 3595.00M 3403.62M 5265.10M
Net receivables 2370.00M 1655.00M 1155.00M 857.86M 667.95M
Long term debt - 0.00M 916.00M 913.31M 910.96M
Inventory 21.00M 26.00M 19.00M - -
Accounts payable 570.00M 360.00M 364.00M 532.57M 456.69M
Accumulated other comprehensive income 1.00M -10.00M 4.00M -16.47M -5.97M
Non currrent assets other 39.00M 21.00M 0.23M - 205.80M
Non current assets total 6893.00M 6670.00M 5024.00M 4706.68M 4800.85M
Capital lease obligations 188.00M 208.00M 234.00M 483.30M 262.52M
Long term debt total - 0.00M 916.00M 913.31M 910.96M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -488.00M -1586.00M -1244.00M -718.57M -2237.38M
Change to liabilities - - - 341.72M 447.46M
Total cashflows from investing activities -1190.00M -1586.00M -1244.00M -718.57M -2347.79M
Total cash from financing activities -811.00M 61.00M 60.00M 17.55M 1649.76M
Change to operating activities - - - -331.53M -581.35M
Net income 1231.00M 2019.00M 132.00M -3460.42M 2914.66M
Change in cash 47.00M 85.00M -236.00M -853.66M -200.60M
Begin period cash flow 1498.00M 1413.00M 1649.00M 2502.99M 2703.60M
End period cash flow 1545.00M 1498.00M 1413.00M 1649.33M 2502.99M
Total cash from operating activities 2033.00M 1616.00M 944.00M -136.45M 504.43M
Issuance of capital stock - - - 0.00M 1541.17M
Depreciation 31.00M 36.00M 70.00M 90.52M 66.31M
Other cashflows from investing activities -521.00M -461.00M -559.00M -668.55M -2297.00M
Change to inventory - - -70.27M - -
Change to account receivables -360.00M -230.00M 116.00M -127.91M -72.30M
Sale purchase of stock - 61.00M 60.00M 17.55M 1649.76M
Other cashflows from financing activities -1043.00M 2.93M 60.00M 17.55M 108.59M
Change to netincome - - - 3329.37M -2317.96M
Capital expenditures 26.00M 19.00M 39.00M 50.02M 50.79M
Change in working capital -117.00M -166.00M 195.00M -98.27M -160.92M
Stock based compensation 449.00M 430.00M 615.00M 549.14M 330.76M
Other non cash items 453.00M -781.00M -67.00M 2969.15M -2837.34M
Free cash flow 2007.00M 1597.00M 905.00M -186.47M 453.64M

Peer Comparison*

Sector: Technology Industry: Software - Application

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
SHOP
Shopify Inc		 8.90
6.24%		 151.47 90.18 53.19 12.70 13.17 12.23 67.86
SAP
SAP SE ADR		 10.24
4.45%		 240.55 28.16 22.42 6.52 4.85 5.60 16.61
CRM
Salesforce.com Inc		 3.35
1.51%		 225.55 23.41 15.55 4.79 5.56 5.55 14.88
SAPGF
SAP SE		 12.84
5.60%		 242.25 76.28 22.88 5.61 3.84 5.59 26.18
NOW
ServiceNow Inc		 -0.66
0.60%		 108.50 90.12 54.95 16.85 19.81 16.58 100.69

Profile*

Shopify Inc

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. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is based in Ottawa, Canada.

151 O'Connor Street, Ottawa, ON, Canada, K2P 2L8

613-241-2828

https://www.shopify.com

7600

Name Title Year Born
Mr. Jeff J. Hoffmeister CPA Chief Financial Officer NA
Mr. Tobias Lütke Founder, Chairman & CEO 1981
Mr. Harley Finkelstein Pres 1983
Mr. Allan Leinwand Chief Technology Officer 1967
Mr. Toby Shannan Special Advisor 1970
Mr. Kaz Nejatian VP of Product & COO NA
Katie Keita Sr. Director of Investor Relations NA
Ms. Jessica R. Hertz Gen. Counsel & Corp. Sec. NA
Ms. Brittany Forsyth Chief Talent Officer 1987
Ms. Bharati Balakrishnan Country Head & Director- India NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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