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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%
Etsy logo
EtsyETSY
$7.32B+7.8%
Block logo
BlockXYZ
$28.58B+9.9%

Other financials

Income statement

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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

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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$152.02B-6.4%
P/E114.1×+44.9×
P/S12.3×-3.9×

Profitability

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Gross margin48%-2.0pp
Operating margin13.3%+0.6pp
Net margin10.8%-6.4pp
FCF margin17.1%-1.3pp

Returns & leverage

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

Where this comes from

Calculated from Shopify’s reported figures.

The source filing: Shopify’s 10-Q, filed May 5, 2026. Open the filing →

Filed
May 5, 2026, 7:19 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001594805-26-000019

FAQ

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 is the long-term trend for Shopify's enterprise value?
Over 2 years (2023 to 2025), Shopify's enterprise value has grown at a 44.9% compound annual growth rate (CAGR), from $99.19B to $208.2B.
What does enterprise value mean?
Market capitalization plus total debt minus cash, at the quarter end. The cost to acquire the whole business — what an buyer pays for equity and debt, net of the cash they'd inherit.

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