Friday 6 November 2026 Export SHOP’s income statement to Excel — free account

Shopify Inc.

SHOP Technology Software Application

Shopify Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.6 billion, up 30.1% from fiscal 2024.

Revenue: +31.6%
EPS: +79.5%
Free cash flow: +61.0%
Total debt: −81.7%

Quarter to September 2026, against a year earlier

144.13 8.90 −5.82%

Follow SHOP

Alert me

Market cap: $184.9B
P/E: 87.9×
Fwd P/E: 97.3×
Dividend yield: —
F-score: 6/9
Altman Z: 75.00
Beneish M: −2.19
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Shopify Inc. (SHOP) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Shopify Inc. (SHOP) trades at a P/E ratio of 87.9×. Over the past ten years it has ranged from 0.0× (June 2024) to 907× (February 2024); the current reading is higher than 80% of that period. That is above the Software Application industry median of 25.9× and above the Technology sector median of 25.7×.

Embed this chart

Code for your page

<iframe src="https://stockrow.com/embed/SHOP/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Shopify Inc. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/SHOP/metrics/pe-ratio">Shopify Inc. (SHOP) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	171×	151.24%
FY2024	68.2×	(90.77%)
FY2023	738×	—
FY2022	0.0×	—
FY2021	58.6×	(86.38%)
FY2020	430×	—
FY2019	0.0×	—
FY2018	0.0×	—
FY2017	0.0×	—
FY2016	0.0×	—

Period	P/E ratio	Change
Sep 2026	90.5×	17.28%
Jun 2026	77.1×	(33.66%)
Mar 2026	116×	(32.09%)
Dec 2025	171×	57.87%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 907×

Ten-year median 0.0×

Current reading's percentile 47

Company	P/E ratio
SNOW Snowflake Inc. compare	n/m
ADBE Adobe Inc. compare	13.7×
CRM Salesforce, Inc. compare	20.2×
INTU Intuit Inc. compare	21.4×
ADP Automatic Data Processing, Inc. compare	27.1×
SAP SAP SE compare	29.5×
UBER Uber Technologies, Inc. compare	39.7×
NOW ServiceNow, Inc. compare	73.1×
SHOP Shopify Inc.	87.9×
Software Application industry median	25.9×
Technology sector median	25.7×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Shopify Inc. (SHOP) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on SHOP

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on SHOP

Stockrow Weekly