Shopify Stock Today
| SHOP Stock | CAD 175.14 1.93 1.11% |
Performance Weak
| Odds Of Distress Tiny
|
Trading activity places Shopify at $175.14, translating to an 1.11% increase in today's trading. Credit and volatility analytics assign Shopify a 1% risk of financial distress over the forecast horizon. On a risk-adjusted basis, Shopify has delivered negative risk-adjusted returns over the last 90 trading days, consistent with weak return metrics. The performance scores are calculated from December 18, 2025 through March 18, 2026. Learn more.
Asset Type Stock | Category Technology | Classification Information Technology |
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Stock Highlights
Shopify (SHOP) is listed on Toronto Exchange in Canada. Shopify operates in the Application Software space. The company is classified under the Software sector. Shopify enters market cap screens as a mega-cap name with total equity value near 226.94 B across application software companies. Supporting market cap data includes about 1.23 B shares outstanding, enterprise value near 218.72 B, and a workforce of about 7,600 people. The company has 4.88 M shares sold short (2.05 days to cover). Shopify has accumulated about 1.54 B in cash with 2.07 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.48. Ownership Allocation The majority of Shopify's outstanding shares are owned by institutional investors. These positions are typically held by large asset managers, pension funds, and index funds that manage capital on behalf of millions of clients. Institutions of this scale are required to disclose their holdings through 13F filings with the SEC, providing visibility into ownership changes each quarter. Shopify has approximately 74% of its outstanding shares held by institutional investors, with 26% in public hands. Check Shopify Ownership DetailsFor Shopify, the highlight set condenses the main operating, valuation, and market signals into a faster research view. The business is commonly classified in the Technology sector and the Software—Application industry.
Notable Updates
| Chairman | Tobias Lutke | ||
| Chairman, Founder | Tobias Ltke | ||
| Senior Vice President - Human Relations | Brittany Forsyth | ||
| Senior Vice President - Engineering | JeanMichel Lemieux | ||
| Senior Vice President General Counsel, Secretary | Joseph Frasca | ||
| Senior Vice President - Support | Toby Shannan | ||
| Business Concentration | Application Software, Software - Application, Information Technology, Information Technology, Software, Software—Application, Technology (View all Sectors) | ||
The financial strength profile of Shopify matters because profitability alone is not enough if the company cannot fund operations, service debt, and absorb operating shocks. The stronger reading comes from reviewing liquidity, leverage, and profitability together rather than in isolation. | |||
Debt LevelsFor Shopify, recent data highlights -$0.75 in Net Debt To EBITDA, a Debt To Equity of 0.03x, and a Long Term Debt To Capitalization of 1.4%. Shopify's capital structure profile is further characterized by -$1.1 billion in Net Debt and $734.4 million in Short Long Term Debt. Current AssetsFor Shopify, recent data highlights $0.05 in Intangibles To Total Assets, $15.9 billion in Total Assets, and a Return On Assets of 8.5%. Shopify's key financial metrics profile is further characterized by a Return On Tangible Assets of 8.8%.
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Shopify Historical Income Statement
Market-adjusted estimates suggest Operating Income is likely to increase significantly. The previous fiscal year placed Operating Income at 1.92 Billion. As of this month (March), EBIT is projected to grow to approximately 2 B, while Interest Expense is projected to decrease toward about 1.3 M. View More FundamentalsShopify Against Markets
Stock Analysis Notes
About 74.0% of the company shares are owned by institutional investors. The company had not issued any dividends in recent years. Shopify completed a 10:1 stock split on 29th of June 2022. For Shopify, recent data highlights $0.05 in Intangibles To Total Assets, $15.2 billion in Total Assets, and a Return On Assets of 8.5%.Retained Earnings | 3 Billion |
Investor Insights and Alerts
| Shopify generated a negative expected return over the last 90 days | |
| Shopify has high historical volatility and very poor performance | |
| Shopify is unlikely to experience financial distress in the next 2 years | |
| About 74.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Shopify CEOs share sell plan could net him 350-million - The Globe and Mail |
Largest EPS Surprises
Analyst consensus for Shopify is reset after each reporting cycle, making the beat-or-miss outcome a recurring catalyst. The direction and magnitude of the surprise both matter for near-term price action. For this stock, read EPS surprises with profitability quality and forward revisions.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2019-08-01 | 2019-06-30 | 0.02 | 0.01 | -0.01 | 50 | ||
2019-02-12 | 2018-12-31 | 0.02 | 0.03 | 0.01 | 50 | ||
2018-02-15 | 2017-12-31 | 0.01 | 0.02 | 0.01 | 100 |
Market Capitalization
Shopify enters market cap screens as a mega-cap name with total equity value near 226.94 B across application software companies. Supporting market cap data includes about 1.23 B shares outstanding, enterprise value near 218.72 B, and a workforce of about 7,600 people.Profitability
Understanding Shopify's profitability goes beyond headline earnings. Margin durability, leverage, and capital needs all matter. This helps separate genuinely strong businesses from names that look cheap only because the market expects weak results.
The company has Profit Margin (PM) of 11.0 %, which may reflect disciplined cost management and effective pricing. This exceeds the sector median. Similarly, it shows Operating Margin (OM) of 20.0 %, which entails that for every $100 of revenue, the company generated $20.0 of operating income. | Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.08 | 0.09 | |
| Return On Capital Employed | 0.11 | 0.11 | |
| Return On Assets | 0.08 | 0.09 | |
| Return On Equity | 0.09 | 0.10 |
Management Efficiency
The company has return on total asset (ROA) of 8.15 % which indicates that it generated a profit of $8.15 on every $100 of assets. This is within the expected range for the sector. Similarly, it shows a return on equity (ROE) of 9.84 %, which implies that it generated $9.84 on every $100 invested by shareholders.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 10.35 | 10.87 | |
| Tangible Book Value Per Share | 9.95 | 10.45 | |
| Enterprise Value Over EBITDA | 138.70 | 145.63 | |
| Price Book Value Ratio | 15.55 | 9.80 | |
| Enterprise Value Multiple | 138.70 | 145.63 | |
| Price Fair Value | 15.55 | 9.80 | |
| Enterprise Value | 120.2 B | 106.8 B |
When investors examine management execution at Shopify, they are looking for evidence that strategy, financial discipline, and operating results are moving in the same direction. Used correctly, management analysis helps investors determine whether recent results reflect skill, favorable timing, or a mix of both.
Operating Margin | Short Long Term Debt | Operating Margin | Profit Margin | Short Long Term Debt Total |
Technical Drivers
As of the 18th of March 2026, Shopify maintains a quoted price of 175.14 per share. Short-term indicators show Variance of 12.85, risk adjusted performance of -0.06, and Coefficient Of Variation of -1,157. The model measures trend continuation and reversal probability using historical patterns. Comparative analytics measure deviation from sector averages.Shopify Price Movement Analysis
Transformation |
This analysis covers sixty-one data points across the selected time horizon. Shopify Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Shopify price patterns.
Outstanding Bonds
Corporate bonds issued by Shopify matter because they shape interest expense, maturity risk, and the flexibility management has during tighter credit conditions. Maturity profile, refinancing windows, and coupon burden can all affect how resilient the capital structure looks in a weaker market.
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View |
Predictive Daily Indicators
Daily signals in Shopify help active traders track momentum, reversals, and volume pressure during the session. Used carefully, they can improve execution without tempting investors to overtrade every small swing.
| Accumulation Distribution | 58676.92 | |||
| Daily Balance Of Power | 0.2413 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 178.0 | |||
| Day Typical Price | 177.05 | |||
| Price Action Indicator | -1.90 | |||
| Period Momentum Indicator | 1.93 | |||
| Relative Strength Index | 47.33 |
Forecast Models
Quantitative tools for Shopify focus on observed patterns, which helps when markets move faster than research can update. The practical edge is not the forecast number itself, but knowing when the data is becoming less predictable.Stock Overview, Methodology & Data Sources
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. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada. SHOPIFY INC operates under SoftwareApplication classification in Canada and is traded on Toronto Stock Exchange. It employs 10000 people. This stock section frames Shopify within its peer set and highlights how fundamentals align with price behavior. Current metrics include P/E of 3.13, P/B of 12.14, profit margin of 10.65%. Shopify has a market cap of 226.94 B, P/E of 3.13, ROE of 9.84%.
Methodology
Unless otherwise specified, financial data for Shopify is derived from periodic company reporting (annual and quarterly where available). Asset-level metrics are computed daily by Macroaxis LLC and refreshed regularly based on asset type. Shopify (CA:SHOP) prices are typically delayed by approximately 20 minutes from primary exchanges for listed equities. Data may be delayed depending on reporting sources and market conventions. Assumptions: We primarily rely on public filings and market reference sources, including disclosures published by U.S. Securities and Exchange Commission (SEC) via EDGAR. Data is normalized for analytical consistency across reporting formats. All analytics are generated using standardized, rules-based models designed to promote consistency and comparability across instruments. Model assumptions, reference parameters, and selected computational inputs are available in the Model Inputs section. If you have questions about our data sources or methodology, please contact Macroaxis Support.
Analyst Sources
Shopify may have analyst coverage included in Macroaxis-derived consensus inputs when available. Updates may occur throughout the day.
This content is curated and reviewed by:
Ellen Johnson - Member of Macroaxis Editorial BoardBe your own money manager
Optimization tools can help investors judge whether capital allocated to Shopify is being used efficiently relative to other opportunities in the same equity universe. A stronger allocation process asks what the position adds to the portfolio, not just what it might do on its own.
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More Resources for Shopify Stock Analysis
Understanding Shopify typically begins with financial statements and long-term trend review. Key ratios help frame profitability, efficiency, and growth context for Shopify Stock. Outlined below are key reports that provide context for Shopify Stock:Shopify has a market cap of 226.94 B, operating margin of 20.29%, ROE of 9.84%. See World Market Map for portfolio-level analysis. The allocation includes a position in Shopify in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. Ready to invest in Shopify Stock? Our How to Invest in Shopify guide walks you through the process.At P/E 3.13 and ROE 9.84%, Shopify analysis should be read alongside other portfolio and risk tools before adjusting capital allocation. Within the Technology space, these metrics give the peer comparison tools below a concrete starting point for relative analysis. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.