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Shopify Inc. (SHOP.TO)
Ottawa, ON, CA
Headquartered in Ottawa, Canada, Shopify Inc. is a global commerce company established in 2004. Operating across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America, it delivers a comprehensive platform and suite of services designed to empower merchants. This robust platform allows businesses to showcase, manage, market, and sell their products through a diverse array of channels, including online and mobile storefronts, brick-and-mortar stores, temporary pop-up locations, social media integrations, dedicated mobile applications, buy buttons, and various online marketplaces. Beyond sales, Shopify's ecosystem supports merchants in managing inventory, processing transactions, handling order fulfillment and shipping, cultivating customer relationships, sourcing products, leveraging advanced analytics, overseeing financial operations, and accessing capital. The company further enhances its offerings with custom themes, applications, and domain name registration services. Its merchant solutions specifically encompass payment processing, streamlined shipping and fulfillment, and secure access to working capital. Prior to its current name, adopted in November 2011, the company was known as Jaded Pixel Technologies Inc.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -6.90% | -3.87% | -8.64% | -6.82% | -36.09% | -36.52% | -3.92% | +68.77% | +6.64% | +3,953.16% | +4,388.96% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 10 | 0 |
| Buy | 27 | -2 |
| Hold | 12 | 0 |
| Sell | 1 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Software - Application: +13.0%+32.4% ★ Q1'26: +32.1% (vs Q1'25)
-
EPS growth Software - Application: +28.6%-38.1% Q1'26: +17.0% (vs Q1'25)
-
FCF margin FCF growth · Software - Application: +45.3%+13.0% ★ Q1'26: +15.0% (vs Q1'25)
-
EBIT margin Software - Application: +9.4%+16.4% ★ Q1'26: +15.7% (vs Q1'25)
-
ROIC Software - Application: +7.5%+19.5% ★ Q1'26: +25.9% (vs Q1'25)
-
Share dilution Software - Application: +0.0%+0.3% Q1'26: +0.5% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×0.18× ★ Q1'26: 0.09× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 40 Rev. Ana. 40 EPS Ana. |
Dec 2027 45 Rev. Ana. 39 EPS Ana. |
Dec 2028 21 Rev. Ana. 22 EPS Ana. |
Dec 2029 22 Rev. Ana. 37 EPS Ana. |
Dec 2030 22 Rev. Ana. 18 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
205.23M
est: 270.81M (-24.2%)
|
389.33M
est: 503.49M (-22.7%)
|
673.30M
est: 841.45M (-20.0%)
|
1.07B
est: 1.39B (-22.9%)
|
1.58B
est: 2.05B (-22.9%)
|
2.93B
est: 3.71B (-20.9%)
|
4.61B
est: 5.75B (-19.7%)
|
5.60B
est: 7.41B (-24.5%)
|
7.06B
est: 9.45B (-25.3%)
|
8.88B
est: 8.72B (+1.9%)
|
11.76B
est: 11.55B (+1.8%)
|
14.46B
14.01B – 14.72B
+25.2% YoY
|
17.97B
16.12B – 20.70B
+24.2% YoY
|
22.74B
21.13B – 24.84B
+26.6% YoY
|
25.64B
23.82B – 28.00B
+12.7% YoY
|
30.00B
27.87B – 32.77B
+17.0% YoY
|
| EBITDA |
-10.52M
est: 44.69M (-123.5%)
|
-23.20M
est: -24.42M (+5.0%)
|
-25.78M
est: -33.97M (+24.1%)
|
-68.70M
est: -11.88M (-478.4%)
|
-61.56M
est: -14.90M (-313.1%)
|
160.21M
est: -24.69M (+748.8%)
|
3.21B
est: -31.64M (+10,238.2%)
|
-383.00M
est: -47.74M (-702.3%)
|
-8.00M
est: -63.09M (+87.3%)
|
1.28B
est: 1.63B (-21.3%)
|
1.96B
est: 2.16B (-9.6%)
|
2.71B
2.62B – 2.76B
+25.2% YoY
|
3.37B
3.02B – 3.88B
+24.2% YoY
|
4.26B
3.96B – 4.65B
+26.6% YoY
|
4.80B
4.46B – 5.25B
+12.7% YoY
|
5.62B
5.22B – 6.14B
+17.0% YoY
|
| EBIT |
-17.76M
est: 40.90M (-143.4%)
|
-37.17M
est: -34.44M (-7.9%)
|
-49.16M
est: -64.49M (+23.8%)
|
-91.92M
est: -78.36M (-17.3%)
|
-95.82M
est: -135.18M (+29.1%)
|
248.94M
est: -234.98M (+205.9%)
|
3.14B
est: -301.07M (+1,143.5%)
|
-822.00M
est: -454.31M (-80.9%)
|
-78.00M
est: -600.35M (+87.0%)
|
1.25B
est: 345.58M (+260.8%)
|
1.92B
est: 2.05B (-6.3%)
|
2.57B
2.49B – 2.62B
+25.2% YoY
|
3.20B
2.87B – 3.68B
+24.2% YoY
|
4.04B
3.76B – 4.42B
+26.6% YoY
|
4.56B
4.24B – 4.98B
+12.7% YoY
|
5.34B
4.96B – 5.83B
+17.0% YoY
|
| Net Income |
-18.79M
est: -22.76M (+17.5%)
|
-35.36M
est: -36.45M (+3.0%)
|
-40.00M
est: -61.35M (+34.8%)
|
-64.55M
est: -63.75M (-1.3%)
|
-124.84M
est: -94.93M (-31.5%)
|
319.51M
est: -207.83M (+253.7%)
|
2.91B
est: -266.29M (+1,194.5%)
|
-3.46B
est: -401.83M (-761.1%)
|
132.00M
est: -531.00M (+124.9%)
|
2.02B
est: 1.75B (+15.3%)
|
1.25B
est: 1.91B (-34.5%)
|
2.35B
1.89B – 2.87B
+22.9% YoY
|
3.00B
2.24B – 4.57B
+27.8% YoY
|
4.05B
3.68B – 4.53B
+34.8% YoY
|
4.47B
4.06B – 5.00B
+10.4% YoY
|
5.32B
4.83B – 5.96B
+19.0% YoY
|
| SGA |
89.11M
est: 73.48M (+21.3%)
|
172.32M
est: 173.69M (-0.8%)
|
293.41M
est: 290.68M (+0.9%)
|
457.51M
est: 460.70M (-0.7%)
|
651.78M
est: 663.39M (-1.8%)
|
847.39M
est: 1.07B (-20.9%)
|
1.28B
est: 1.37B (-7.0%)
|
1.94B
est: 2.07B (-6.4%)
|
1.71B
est: 2.74B (-37.5%)
|
1.80B
est: 2.18B (-17.5%)
|
2.16B
est: 2.89B (-25.4%)
|
3.62B
3.50B – 3.68B
+25.2% YoY
|
4.49B
4.03B – 5.18B
+24.2% YoY
|
5.69B
5.29B – 6.21B
+26.6% YoY
|
6.41B
5.96B – 7.00B
+12.7% YoY
|
7.51B
6.97B – 8.20B
+17.0% YoY
|
| EPS |
-0.03
est: -0.02 (-73.8%)
|
-0.04
est: -0.01 (-202.5%)
|
-0.04
est: 0.00 (-977.3%)
|
-0.06
est: 0.03 (-287.5%)
|
-0.11
est: 0.02 (-716.6%)
|
0.28
est: 0.36 (-23.0%)
|
2.32
est: 0.63 (+269.9%)
|
-2.73
est: -0.04 (-7,518.3%)
|
0.10
est: 0.70 (-85.8%)
|
1.57
est: 1.29 (+22.0%)
|
0.96
est: 1.46 (-34.5%)
|
1.80
1.45 – 2.20
+22.9% YoY
|
2.30
1.71 – 3.50
+27.8% YoY
|
3.10
2.82 – 3.47
+34.8% YoY
|
3.42
3.11 – 3.83
+10.4% YoY
|
4.08
3.70 – 4.56
+19.0% YoY
|
| Date | Firm | Previous | New Grade | Action |
|---|---|---|---|---|
| 2026-05-06 | Citizens | Market Outperform | Market Outperform | Maintain |
| 2026-05-05 | Needham | Buy | Buy | Maintain |
| 2026-04-28 | Citigroup | Buy | Buy | Maintain |
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-06 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-05 | B | 3/5 | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-04 | B | 3/5 | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-01 | B- | 2/5 | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-30 | B- | 2/5 | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-29 | B- | 2/5 | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-28 | B- | 2/5 | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-27 | B- | 2/5 | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-24 | B- | 2/5 | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-23 | B- | 2/5 | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-22 | B- | 2/5 | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-21 | B- | 2/5 | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-20 | B- | 2/5 | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-17 | B- | 2/5 | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-16 | B- | 2/5 | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-15 | B- | 2/5 | 2/5 | 3/5 | 4/5 | 3/5 | 1/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Jean Niehaus | General Counsel | 1M | female |
| Harley Finkelstein | President | 1M | male |
| Jeff J. Hoffmeister | Chief Financial Officer | 1M | male |
| Jessica R. Hertz | Chief Operating Officer | 1M | female |
| Tobias Lutke | Founder, Chairman, Chief Executive Officer and Head of R&D | 1 | male |
| Agatha Krajewski | Director of Product, Online | — | female |
| Vanessa Lee | Product Director | — | female |
| Bharati Balakrishnan | Country Head & Director- India | — | female |
| Carrie Gillard | Director of Investor Relations | — | female |
| Darryl Arvai | Vice President & Corporate Controller | — | — |
| Michael L. Johnson | Corporate Secretary | — | — |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for SHOP.TO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
