Shopify SHOP EV / sales
EV / sales at other companies
Other financials
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 / sales?
- Shopify (SHOP) reported EV / sales of 12.4× in Q1 2026.
- How has Shopify's EV / sales changed year-over-year?
- Shopify's EV / sales decreased by 6.0% year-over-year, from 13.2× to 12.4×.
- What does EV / sales mean?
- What the whole business costs relative to its annual sales.
- How do you interpret EV / sales?
- A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
- How does EV / sales compare across companies?
- Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.