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Shopify Inc. Shopify Inc.

Shopify Inc.

SHOP
Rank in Stocks #111
Shopify Inc., a commerce company, provides a commerce platform and services in... Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. 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 headquartered in Ottawa, Canada.
Share Price
$111.12
Market Cap
$145.02B
Change (1 day)
-0.65%
Change (1 year)
44.14%
Country
CA
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P/E ratio for Shopify Inc. (SHOP)
P/E ratio as of April 2026 TTM: 125.17
According to Shopify Inc. latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 125.17. At the end of 2023 the company had a P/E ratio of 756.31.
P/E ratio history for Shopify Inc. from 2012 to 2026
P/E ratio at the end of each year
Year P/E Ratio Change
2026 (TTM) 125.17 83.59%
2024 68.18 -90.99%
2023 756.31 -6,053.85%
2022 -12.70 -121.56%
2021 58.91 -86.09%
2020 423.61 -217.69%
2019 -359.95 58.82%
2018 -226.64 -10.28%
2017 -252.61 148.05%
2016 -101.84 20.18%
2015 -84.74 66.94%
2014 -50.76 -78.22%
2013 -233.02 -74.45%
2012 -912.09 0.00%
P/E ratio for similar companies or competitors
Company P/E Ratio P/E Ratio Difference Country
23.38 -81.32%
DE
23.41 -81.30%
US
14.84 -88.15%
US
40.37 -67.75%
US
27.80 -77.79%
US
How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.

Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.