What is Shopify's market cap?

Shopify (SHOP) has a market capitalization of $154.71B and trades on NYSE.

What is Shopify's revenue and profitability?

Shopify generated $12.4B in trailing twelve-month revenue with net income of $1.3B, representing a net margin of 10.8%. Gross margin stands at 48.0%, with free cash flow of $2.1B. These figures are based on the Q1 2026 filing.

Who are Shopify's competitors?

Shopify's key competitors include Adobe, Wix.com, Salesforce, and others. These companies compete in similar markets and product categories.

Who does Shopify partner with?

Shopify's notable partners include Stripe, Google, Meta, and others.

What subsidiaries does Shopify have?

Shopify's subsidiaries include Shopify Payments (various entities).

Where is Shopify headquartered?

Shopify is headquartered in Canada and employs approximately 11,600 people. It has been publicly traded since 2015.

Shopify

SHOP

Shopify provides a comprehensive commerce platform and a suite of services that enable merchants of all sizes to design, set up, and manage their stores across multiple sales channels.

Market cap

$154.71B+2.3%

Revenue$12.4B+31.9%

Net income$1.3B-17.3%

Free cash flow$2.1B+22.7%

EPS (diluted)$1.01-17.9%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 5, 2026

Revenue$3.1BBeat by $43.8M EPS$0.36Beat by $0.03

Read the full report

Next report

Aug 5, 2026 (In 3 weeks)

Revenue estimate$3.3B

EPS estimate$0.39

Financials

Q1 2026

Income statement

See full

Revenue$3.2B+34.3%

Gross profit$1.5B+32.2%

Operating income$382.0M+88.2%

Net income-$581.0M+14.8%

EPS (diluted)-$0.45+15.1%

Balance sheet

See full

Cash & equivalents$1.8B+41.2%

Total debt$179.0M-84.3%

Total equity$12.5B+13.1%

Total assets$14.1B+5.4%

Cash flow

See full

Operating cash flow$481.0M+31.1%

CapEx$5.0M+25.0%

Free cash flow$476.0M+31.1%

Valuation & ratios

Valuation

See full

Market cap$154.71B+2.3%

Enterprise value$153.04B+1.5%

P/E116.2×+51.7×

P/S12.5×-2.6×

Profitability

See full

Gross margin48%-2.0pp

Operating margin13.3%+0.6pp

Net margin10.8%-6.4pp

FCF margin17.1%-1.3pp

Returns & leverage

See full

Return on equity11.3%-4.8pp

Debt / equity0×-0.1×

Current ratio6.2×+2.5×

Segments

By geography

See full

Europe$653.0M—

Rest Of World$57.0M—

By product

See full

Merchant solutions$2.4B+39.1%

Subscription solutions$750.0M+21.0%

Competitors

By market cap

Shopify$154.71B+2.3%

Salesforce$136.43B-47.6%

Adobe$87.8B-45.4%

PayPal Holdings, Inc.$39.3B-47.3%

Global Payments$20.0B0.0%

Wix.com$2.0B-78.1%

Priority Technology Holdings$557.5M-18.3%

Lesaka Technologies, Inc.$413.5M+9.5%

By revenue growth

Shopify+31.9%

Global Payments+14.8%

Adobe+11.5%

Salesforce+11.0%

Lesaka Technologies, Inc.+10.1%

Priority Technology Holdings+8.8%

PayPal Holdings, Inc.+5.8%

By net margin

Adobe28.69%-1.7pp

Salesforce18.73%+2.7pp

PayPal Holdings, Inc.15.0%+0.7pp

Shopify10.77%-6.4pp

Priority Technology Holdings5.85%+2.8pp

Lesaka Technologies, Inc.-3.98%+6.1pp

Global Payments-7.96%-28.2pp

Profile

Shopify provides a comprehensive commerce platform and a suite of services that enable merchants of all sizes to design, set up, and manage their stores across multiple sales channels. The company's value proposition centers on a unified back-office system that integrates mobile, web, social media, and physical retail locations into a single cloud-based interface.

Competitive position

Shopify is a leading global commerce provider known for its extensive ecosystem of third-party apps and its ability to scale from solo entrepreneurs to large enterprise brands.

GeographiesGlobal, North America, Europe, Asia-Pacific

Customer segmentsSMB, Enterprise, Retailers

Business modelSubscription SaaS, Transaction-based, Marketplace, Financing

SuppliersCloud hosting providers, Financial institutions and payment networks, Open source software communities, Hardware manufacturers for POS devices

CustomersDirect-to-consumer brands, Brick-and-mortar retailers, Wholesale distributors, Global enterprise corporations

CountryCanada

Listed2015

Employees11.6K

CEOTobias Lutke

SectorTechnology

IndustrySoftware - Application

Websiteshopify.com

FilingsSEC EDGAR

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Questions, answered.

What is Shopify's market cap?: Shopify (SHOP) has a market capitalization of $154.71B and trades on NYSE.
What is Shopify's revenue and profitability?: Shopify generated $12.4B in trailing twelve-month revenue with net income of $1.3B, representing a net margin of 10.8%. Gross margin stands at 48.0%, with free cash flow of $2.1B. These figures are based on the Q1 2026 filing.
Who are Shopify's competitors?: Shopify's key competitors include Adobe, Wix.com, Salesforce, and others. These companies compete in similar markets and product categories.
Who does Shopify partner with?: Shopify's notable partners include Stripe, Google, Meta, and others.
What subsidiaries does Shopify have?: Shopify's subsidiaries include Shopify Payments (various entities).
Where is Shopify headquartered?: Shopify is headquartered in Canada and employs approximately 11,600 people. It has been publicly traded since 2015.