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Shopify Inc. (SHOP)

157.49 -9.40 (-5.63%)
At close: October 30 at 4:00:00 PM EDT
157.18 -0.31 (-0.20%)
After hours: October 30 at 6:36:05 PM EDT
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SHOP Q3 2026 earnings call
November 3, 2026 at 8:30 AM EST
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39m ago
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Shopify approaches its November 3, 2026 earnings reportwith expectations for roughly 31% revenue growthand continued momentum in payments, merchant retention, and artificial-intelligence-driven commerce. The setup also carries valuation and margin risks, particularly as payments grow faster than subscriptions and AI features increase costs.

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  • Previous Close 166.89
  • Open 161.73
  • Bid 150.80 x 900
  • Ask 178.47 x 100
  • Day's Range 154.26 - 161.95
  • 52 Week Range 94.00 - 180.88
  • Volume 10,495,033
  • Avg. Volume 9,373,890
  • Market Cap (intraday) 204.368B
  • Beta (5Y Monthly) 2.62
  • PE Ratio (TTM) 106.41
  • EPS (TTM) 1.48
  • Earnings Date Nov 3, 2026
  • Forward Dividend & Yield -- (0.00%)
  • 1y Target Est 176.77
  • Morningstar Rating Rating available with Stock Picks access

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.

www.shopify.com

7,600

Full Time Employees

December 31

Fiscal Year Ends

Technology

Sector

Recent News

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Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

SHOP
2.16%
S&P 500 (^GSPC)
10.73%

1-Year Return

SHOP
9.29%
S&P 500 (^GSPC)
11.11%

3-Year Return

SHOP
235.66%
S&P 500 (^GSPC)
81.91%

5-Year Return

SHOP
7.37%
S&P 500 (^GSPC)
64.59%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 3.58B
Earnings 1.5B
Profit Margin 41.92%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
1B
2B
3B
0.0%
20.0%
40.0%

Analyst Insights

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Analyst Price Targets

120.00 Low
176.77 Average
157.49 Current
220.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/28/2026
Analyst Citigroup
Rating Action Maintains
Rating Buy
Price Action Raises
Price Target 196 -> 216

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    14.53%

  • Return on Assets (ttm)

    10.19%

  • Return on Equity (ttm)

    15.54%

  • Revenue (ttm)

    13.27B

  • Net Income Avi to Common (ttm)

    1.93B

  • Diluted EPS (ttm)

    1.48

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    4.95B

  • Total Debt/Equity (mrq)

    1.40%

  • Levered Free Cash Flow (ttm)

    1.59B

Company Insights

Research Reports

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