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%
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

Shopify Inc. (SHOP) Return on assets

Alert me on Return on assets

Shopify Inc.'s return on assets over the twelve months to 30 September 2026 was 14.3%, up 5.9 percentage points from fiscal 2025 (8.46%). Over the past ten years it has ranged from −28.7% (fiscal 2022) to 27.6% (fiscal 2021); the current reading is higher than 82% of that period. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.00%.

Return on assets, annual

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Annual newest first

Period Return on assets Change (points)
FY2025 8.46% (7.55)
FY2024 16.0% 14.81
FY2023 1.20% 29.92
FY2022 −28.7% (56.34)
FY2021 27.6% 21.94
FY2020 5.68% 10.03
FY2019 −4.35% (0.52)
FY2018 −3.83% 1.16
FY2017 −4.99% 4.64
FY2016 −9.63% 1.46

Against its own ten years

Low −28.7% High 27.6%
Ten-year median −3.83%
Current reading's percentile 82

Return on assets against peers

Company Return on assets
ADBE Adobe Inc. compare 24.8%
SHOP Shopify Inc. 14.3%
INTU Intuit Inc. compare 12.4%
SAP SAP SE compare 11.1%
CRM Salesforce, Inc. compare 9.33%
ADP Automatic Data Processing, Inc. compare 7.69%
NOW ServiceNow, Inc. compare 5.39%
UBER Uber Technologies, Inc. compare 5.16%
SNOW Snowflake Inc. compare −12.9%
Software Application industry median 0.00%
Technology sector median 0.00%
Market median 0.00%

What Return on assets is

ROA tells an investor how much profit a company earns for shareholders from the assets it uses to run its business.

Annual: Net Income Allotted to Shareholders ÷ Average Assets; TTM: Net Income Allotted to Shareholders ÷ Average Assets (latest quarter)

The full definition of Return on assets →

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