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Shopify SHOP Enterprise value

Enterprise value at other companies

Adobe logo
AdobeADBE
$106.92B-39.8%
eBay logo
eBayEBAY
$44.49B+27.1%
Salesforce logo
SalesforceCRM
$178.02B-30.2%
Global Payments logo
Global PaymentsGPN
$35.25B-6.2%
Block logo
BlockXYZ
$28.58B+9.9%
Affirm Holdings, Inc. logo
Affirm Holdings, Inc.AFRM
$22.12B+7.5%

Other financials

Income statement

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Revenue$3.2B+34.3%
Gross profit$1.5B+32.3%
Operating income$382.0M+88.2%
Net income-$581.0M+14.8%
EPS (diluted)-$0.45+15.1%

Balance sheet

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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

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Operating cash flow$481.0M+31.1%
CapEx$5.0M+25.0%
Free cash flow$476.0M+31.1%

Valuation

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Market cap$140.26B+25.1%
P/E105.3×+35.7×
P/S11.3×-0.6×

Profitability

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Gross margin48%-2.0pp
Operating margin13.3%+0.6pp
Net margin10.8%-6.4pp

Returns & leverage

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Return on equity11.3%-4.8pp
Debt / equity0×-0.1×
Current ratio6.2×+2.5×

Where this comes from

Calculated from Shopify’s reported figures.

$154.69Bmarket cap+$179.0Mtotal debt−$1.8Bcash and equivalents=$153.02B

The official record: Shopify’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Shopify's enterprise value?
Shopify (SHOP) reported enterprise value of $153.02B in Q1 2026.
How has Shopify's enterprise value changed year-over-year?
Shopify's enterprise value increased by 23.9% year-over-year, from $123.46B to $153.02B.
What does enterprise value mean?
What it would cost to buy the entire business, debt included and cash netted out.
How do you interpret enterprise value?
The capital-structure-neutral valuation base — used in EV/EBITDA and EV/Sales to compare companies with different leverage on a like-for-like footing.
How does enterprise value compare across companies?
Comparable across non-financial companies via the EV multiples it feeds; not used for banks and insurers.