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Shopify SHOP EV / EBITDA

EV / EBITDA at other companies

Adobe logo
AdobeADBE
10.9×-8.7×
eBay logo
eBayEBAY
16.4×+2.9×
Salesforce logo
SalesforceCRM
14.2×-9.2×
Global Payments logo
Global PaymentsGPN
11.1×+1.3×
Block logo
BlockXYZ
18×-1.4×
GoDaddy logo
GoDaddyGDDY
10.5×-15.7×

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$141.25B+25.1%
Enterprise value$139.58B+23.9%
P/E106×+35.9×
P/S11.4×-0.6×

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.

Based on the most recent quarter.

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 EV / EBITDA?
Shopify (SHOP) reported EV / EBITDA of 91.2× in Q1 2026.
How has Shopify's EV / EBITDA changed year-over-year?
Shopify's EV / EBITDA decreased by 9.4% year-over-year, from 100.7× to 91.2×.
What does EV / EBITDA mean?
What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?
Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?
Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.