Shopify Inc. Class A Subordinate Voting Shares (SHOP) Key Ratios
$153.53
As on 28-Aug-2026 13:44EDT
Market cap
$192,032 Mln
Revenue (TTM)
$13,269 Mln
P/E Ratio
98.8
P/B Ratio
14.9
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 13.03 | 33.69 | 32.50 | 28.16 | 28.06 |
| EBIT | -15.62 | -297.57 | -137.66 | 13.11 | -173.28 |
| Net Profit | 358.52 | 65.78 | -17.78 | 43.45 | -4.70 |
| EPS | 359.60 | 67.20 | -17.70 | 43.16 | -5.19 |
| Book Value | -- | -- | 15.64 | 16.85 | 15.14 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 9.59 | 16.92 | -4.13 | 13.06 | 14.66 |
| Net Margin
| -- | -- | 14.53 | -- | -- |
| Return on equity
| 10.31 | 5.69 | 14.74 | 9.84 | 19.58 |
| Return on Capital
| 9.44 | 5.30 | -- | 9.35 | 17.63 |
| Return on Assets
| 8.55 | 4.91 | 11.82 | 8.46 | 16.01 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.01 | 0.10 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
--
|
9.35
|
17.63
|
1.33
|
-31.54
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
14.74
--
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
14.74
|
9.84
|
19.58
|
1.53
|
-35.72
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROA
11.82
--
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
11.82
|
8.46
|
16.01
|
1.20
|
-28.72
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Margin
-4.13
--
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
-4.13
|
13.06
|
14.66
|
1.05
|
-12.27
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Margin
14.53
--
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
14.53
|
10.65
|
22.74
|
1.87
|
-61.79
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
0.00
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
32.50
--
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
32.50
|
0.30
|
0.26
|
0.26
|
0.21
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Growth
-137.66
--
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
-137.66
|
15.90
|
1,659.46
|
110.77
|
-121.87
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Profit Growth
-17.78
--
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
-17.78
|
-39.03
|
1,429.55
|
103.82
|
-218.71
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EPS Growth
-17.70
--
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
-17.70
|
-0.40
|
14.33
|
1.04
|
-2.17
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Book Value Growth
5.28
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
5.28
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
--
|
0.01
|
0.10
|
0.13
|
0.17
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.00
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
0.00
|
0.00
|
0.08
|
0.00
|
0.00
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
5.35
--
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
5.35
|
5.96
|
3.71
|
6.99
|
7.07
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Quick Ratio
5.35
--
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
5.35
|
5.94
|
3.70
|
6.97
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Interest Coverage
--
--
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
--
|
--
|
--
|
--
|
-597.39
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
2.77
--
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
2.77
|
20.51
|
18.64
|
16.36
|
15.31
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Asset Turnover
0.81
--
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
0.81
|
0.79
|
0.70
|
0.64
|
0.46
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
--
|
63.61
|
57.79
|
52.06
|
49.72
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
--
|
1.43
|
1.86
|
1.96
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
--
|
28.30
|
30.00
|
37.50
|
41.58
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
--
|
36.74
|
29.66
|
16.51
|
8.14
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
98.84
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
98.84
|
170.64
|
68.18
|
765.60
|
-12.77
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Price / Book Value
14.93
--
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
14.93
|
15.59
|
11.91
|
11.15
|
5.36
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
77.17
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
77.17
|
132.78
|
99.63
|
675.01
|
-68.25
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
192,032
--
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
|
192,032
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|