stockrowShopify 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
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Shopify Inc. (SHOP) Return on invested capital
Shopify Inc.'s return on invested capital over the twelve months to 30 September 2026 was 16.1%, up 4.2 percentage points from fiscal 2025 (11.9%). Over the past ten years it has ranged from −75.7% (fiscal 2016) to 11.9% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 11.9% | 2.32 |
| FY2024 | 9.60% | 27.42 |
| FY2023 | −17.8% | (5.34) |
| FY2022 | −12.5% | (16.18) |
| FY2021 | 3.70% | (2.39) |
| FY2020 | 6.09% | 18.47 |
| FY2019 | −12.4% | 27.68 |
| FY2018 | −40.1% | (0.69) |
| FY2017 | −39.4% | 36.32 |
| FY2016 | −75.7% | (4.74) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| ADP Automatic Data Processing, Inc. compare | 54.5% |
| ADBE Adobe Inc. compare | 46.4% |
| INTU Intuit Inc. compare | 20.2% |
| SHOP Shopify Inc. | 16.1% |
| SAP SAP SE compare | 14.6% |
| UBER Uber Technologies, Inc. compare | 13.1% |
| CRM Salesforce, Inc. compare | 8.24% |
| NOW ServiceNow, Inc. compare | 5.83% |
| SNOW Snowflake Inc. compare | −37.0% |
| Software Application industry median | 0.00% |
| Technology sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on SHOP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement