Shopify Inc (SHOP)

Shopify Inc. is a Canadian technology company listed on NASDAQ as common stock under the ticker SHOP. The company develops commerce software used by businesses of different sizes across North America, Europe, the Middle East, Africa, Asia Pacific, and Latin America. Its platform supports core merchant functions such as product and inventory management, order handling, payment processing, fulfillment, shipping, customer engagement, analytics, reporting, and financing access. Shopify also provides Shopify Payments for card acceptance online and in physical settings, along with related products and services including themes, apps, shipping labels, point-of-sale hardware, advertising on the Shopify App Store, Shop Campaigns, and domain name registration. Founded in 2004 and formerly known as Jaded Pixel Technologies Inc., the company adopted the Shopify name in 2011 and is headquartered in Ottawa, Canada.


Jump directly to the stock analysis sections supported by the latest available data.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Dividend Yield Next Earnings Date P/E Ratio Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Free Cash Flow / Net Income
NASDAQ-SHOP
$127.87
-0.5% Downside
Fair
$172.77
34.5% Upside
Undervalued
Great
0.0%
October 22, 2026
85.9x
13.1x
12.5x
165.2 B
154.3 B
0.1%
93.7%
15.7
122.0%
Valuation • Fair Value

Shopify Inc (NASDAQ-SHOP) Fair Value by Valuation Model

Review the available estimates for Shopify Inc (NASDAQ-SHOP), including DCF Fair Value, Ben Graham Formula Value, Comps Fair Value.

Primary Valuation Read

Fair Value

$127.87

Estimated downside of 0.5% versus the current market price.

Fair Value Confidence

Med

Confidence level for the primary fair value estimate.

DCF Fair Value

$123.92

Discounted cash flow valuation reference.

Ben Graham Formula Value

$16.63

Classic Ben Graham valuation formula reference.

Comps Fair Value

$131.82

Comparable-company valuation reference.

Analyst Price Target

$172.77

Analysts imply upside of 34.5%.

How to read these valuation models

Use the 6 available valuation references for Shopify Inc (NASDAQ-SHOP) as analytical inputs, not a standalone conclusion. Valuation methods can differ because they rely on different assumptions, time horizons and financial inputs; compare the estimates with the current price and the company’s financial quality.

Profitability • Growth

Profitability & Growth for Shopify Inc (NASDAQ-SHOP)

Review the profitability and growth indicators currently supported by the latest data.

Revenue

13.269 B

Current operating scale indicator.

Revenue Forecast

15.251 B

Forward revenue estimate.

EBITDA

2.395 B

Current operating profitability reference.

EBITDA Forecast

2.857 B

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review Shopify Inc (NASDAQ-SHOP) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for Shopify Inc (NASDAQ-SHOP)

Review the financial quality and risk indicators currently supported by the latest data.

Financial Health

Great

Positive financial-health read.

Piotroski Score

7

Relatively strong quality score.

Beneish M-Score

-2.08

Intermediate zone that deserves monitoring.

Altman Z-Score

15.7

Relatively strong balance-sheet zone.

FCF / Net Income

122.0%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for Shopify Inc (NASDAQ-SHOP). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for Shopify Inc (NASDAQ-SHOP)

Track the upcoming dates and dividend metrics currently supported by the latest data.

Next Earnings Date

October 22, 2026

Days to Earnings

34

Dividend Yield

0.0%

No current dividend yield is indicated.

How to read events and dividends

This section helps investors track time-sensitive items for Shopify Inc (NASDAQ-SHOP), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

Shopify Inc (NASDAQ-SHOP) Stock Forecast & Technical Outlook

Review Shopify Inc (NASDAQ-SHOP) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Strong Buy

The 15-minute technical read for Shopify Inc (NASDAQ-SHOP) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Sell

The 1-hour technical read for Shopify Inc (NASDAQ-SHOP) is currently Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Strong Sell

The daily technical read for Shopify Inc (NASDAQ-SHOP) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Neutral

The weekly technical read for Shopify Inc (NASDAQ-SHOP) is currently Neutral. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Strong Buy

The monthly technical read for Shopify Inc (NASDAQ-SHOP) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for Shopify Inc (NASDAQ-SHOP)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Strong Buy

Based on the available recommendation mix, Shopify Inc (NASDAQ-SHOP) has a Strong Buy consensus, with 31 buy, 11 hold and 1 sell recommendations in the current data set.

Buy 31
Hold 11
Sell 1
FAQ Fast Investor Answers

Shopify Inc (NASDAQ-SHOP) Stock FAQ

Data-supported answers about Shopify Inc (NASDAQ-SHOP), including explicit coverage status where a reliable valuation estimate is not currently available.

Fair Value
$127.87
Estimated downside 0.5%
Valuation Rating
Near Fair Value
Price is close to fair value
Analyst Target
$172.77
Implied upside 34.5%
Financial Health
Great
Current financial-health read

The current fair value estimate for Shopify Inc (NASDAQ-SHOP) is $127.87. This implies an estimated downside of 0.5% versus the current market price.

Based on the current fair value estimate, the stock is trading close to its estimated fair value.

The available analyst price target for Shopify Inc (NASDAQ-SHOP) is $172.77. The analyst target implies estimated upside of 34.5%.

The current financial health read for Shopify Inc (NASDAQ-SHOP) is Great. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for Shopify Inc (NASDAQ-SHOP) is October 22, 2026.

The latest available data indicates no current dividend yield for Shopify Inc (NASDAQ-SHOP).

The current P/E ratio listed for Shopify Inc (NASDAQ-SHOP) is 85.9x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

The current market capitalization listed for Shopify Inc is 165.2 B.

The current enterprise value listed for Shopify Inc is 154.3 B. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for Shopify Inc is NASDAQ-SHOP, and the stock is listed on NASDAQ.

Shopify Inc (NASDAQ-SHOP) is listed on NASDAQ.

The current debt-to-total-capital ratio listed for Shopify Inc is 0.1%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for Shopify Inc is 93.7%. Free float helps investors understand how much of the share base is available for public trading.