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Shopify Inc. Shopify Inc.

Shopify Inc.

SHOP
Rank in Stocks #82
Headquartered in Ottawa, Canada, Shopify Inc. is a global commerce company... 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.
Share Price
$166.66
Market Cap
$216.26B
Change (1 day)
5.21%
Change (1 year)
3.42%
Country
CA
Trade Shopify Inc. (SHOP)

Category

Technology
P/E ratio for Shopify Inc. (SHOP)
P/E ratio as of October 2026 TTM: 99.53
According to Shopify Inc. latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 99.53. 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) 99.53 45.98%
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
SAP SE SAP SE
SAP SE
SAP.DE
 27.13 -72.75%
DE
Salesforce, Inc. Salesforce, Inc.
Salesforce, Inc.
CRM.US
 20.87 -79.03%
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Uber Technologies, Inc. Uber Technologies, Inc.
Uber Technologies, Inc.
UBER.US
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ServiceNow, Inc. ServiceNow, Inc.
ServiceNow, Inc.
NOW.US
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Snowflake Inc. Snowflake Inc.
Snowflake Inc.
SNOW.US
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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.