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Shopify SHOP EV / EBITDA

EV / EBITDA at other companies

Adobe logo
AdobeADBE
10.9×-8.7×
eBay logo
eBayEBAY
18.4×+2.8×
Salesforce logo
SalesforceCRM
14.2×-9.2×
Global Payments logo
Global PaymentsGPN
10.1×-1.4×
Etsy logo
EtsyETSY
17.9×0.0×
Block logo
BlockXYZ
18×-1.4×

Other financials

Income statement

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Revenue$3.6B+33.7%
Gross profit$1.7B+31.2%
Operating income$488.0M+67.7%
Net income$1.5B+65.8%
EPS (diluted)$1.16+68.1%

Balance sheet

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Cash & equivalents$1.7B+7.4%
Total debt$178.0M-84.4%
Total equity$12.7B+4.6%
Total assets$14.5B-0.6%

Cash flow

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Operating cash flow$658.0M+53.7%
CapEx$4.0M-33.3%
Free cash flow$654.0M+55.0%

Valuation

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Market cap$187.17B-6.9%
Enterprise value$185.7B-7.4%
P/E101.6×-42.7×
P/S14.1×-7.1×

Profitability

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Gross margin47.5%-1.2pp
Operating margin14.2%+2.0pp
Net margin13.9%+3.4pp
FCF margin17.7%0.0pp

Returns & leverage

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Return on equity24.1%+8.7pp
Debt / equity0×-0.1×
Current ratio5.4×+1.5×

Where this comes from

Calculated from Shopify’s reported figures.

enterprise value/ebitda=78.3×

Based on the most recent quarter.

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

Filed
Aug 5, 2026, 7:03 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001594805-26-000047

FAQ

What is Shopify's EV / EBITDA?
Shopify (SHOP) reported EV / EBITDA of 78.3× in Q2 2026.
How has Shopify's EV / EBITDA changed year-over-year?
Shopify's EV / EBITDA decreased by 32.6% year-over-year, from 116.2× to 78.3×.
What does EV / EBITDA mean?
Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

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