Shopify Inc. — SHOP
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $157.51 | $205.05B | 115.8 | 85.2 | 31.9% | 28.0% | - | 16.4 |
Latest Headlines
- · Shopify in position to capture earnings upside from AI shopping, Scotia analysts say
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Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2020-12-31 | $2.9B | $319.5M | $0.27 | N/A | N/A | N/A |
| 1 | 2021-12-31 | $4.6B | $2.9B | $2.34 | 57.4% | 812.2% | 776.4% |
| 2 | 2022-12-31 | $5.6B | $-3.5B | $-2.73 | 21.4% | -218.7% | -216.7% |
| 3 | 2023-12-31 | $7.1B | $132.0M | $0.10 | 26.1% | -103.8% | -103.7% |
| 4 | 2024-12-31 | $8.9B | $2.0B | $1.56 | 25.8% | 1429.5% | 1459.6% |
| 5 | TTM 2025-03-31 | $9.4B | $1.6B | $1.23 | 5.6% | -20.3% | -21.1% |
| 6 | Average | 27.3% | 379.8% | 378.9% |
EPS
Forecasts
Y/Y % Change
SHOP Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 57.4% | 21.4% | 26.1% | 25.8% | 29.1% | 21.9% | 30.3% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 12 | 12 | |
| EPS Growth (%) | 812.2% | -218.7% | -103.8% | 1429.5% | -6.5% | 22.1% | 322.5% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 12 | 12 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | R&D ($) | Sales & Marketing ($) | G&A ($) | SG&A ($) | Facilities / D&A ($) |
|---|---|---|---|---|---|---|---|
| 2021 | $4.6B | $2.1B | $854.4M | $901.6M | $374.8M | $1.3B | $66.3M |
| 2022 | $5.6B | $2.8B | $1.5B | $1.2B | $708.0M | $1.9B | $93.0M |
| 2023 | $7.1B | $3.5B | $1.7B | $1.2B | $491.0M | $1.7B | $70.0M |
| 2024 | $8.9B | $4.4B | $1.4B | $1.4B | $410.0M | $1.8B | $36.0M |
| TTM | $10.7B | $5.5B | $1.5B | $1.6B | $458.0M | $2.0B | $32.0M |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | R&D Change (%) | Sales & Marketing Change (%) | G&A Change (%) | SG&A Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|---|---|---|---|
| 2022 | 21.43 | 33.36 | 75.92 | 36.43 | 88.88 | 51.83 | 40.25 |
| 2023 | 26.07 | 26.23 | 15.10 | -0.81 | -30.65 | -11.71 | -24.73 |
| 2024 | 25.78 | 25.81 | -20.98 | 14.18 | -16.50 | 5.38 | -48.57 |
| TTM | 20.45 | 24.66 | 9.51 | 13.28 | 11.71 | 12.92 | -11.11 |
No unmapped expenses.
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $14,561M |
| 1 | Cash | $1,542M |
| 2 | Total Liabilities | $2,437M |
| 3 | Total Debt | $1,139M |
| 4 | Total Equity | $12,124M |
| 5 | Debt to Equity Ratio | 0.09 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $157.51 | 4.1% | Nicks Growth: 14% Nick's Expected Margin: 10% FINVIZ Growth: 24% |
Nicks: 26 Finviz: 60 |
Nick's: 2.561 | 19.2 | 115.8 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $1.36 EPS | TTM | $34.83 | -77.9% | $81.58 | -48.2% |
| $1.45 EPS | 2025 | $37.13 | -76.4% | $86.98 | -44.8% |
| $1.77 EPS | 2026 | $45.33 | -71.2% | $106.17 | -32.6% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 29.54% | 27.07% | 29.40% | 27.33% | 1.92% | 1.46% | 32.71% | 28.84% | 96.0% | 92.0% |
| 3 Years | 29.54% | 27.07% | 29.40% | 27.33% | 1.92% | 1.46% | 32.71% | 28.84% | 96.0% | 92.0% |
| 5 Years | 29.54% | 27.07% | 29.40% | 27.33% | 1.92% | 1.46% | 32.71% | 28.84% | 96.0% | 92.0% |
| 10 Years | 29.54% | 27.07% | 29.40% | 27.33% | 1.92% | 1.46% | 32.71% | 28.84% | 96.0% | 92.0% |