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Shopify SHOP Price / earnings

Price / earnings at other companies

Adobe logo
AdobeADBE
14.5×-11.1×
eBay logo
eBayEBAY
20×+4.5×
Salesforce logo
SalesforceCRM
18×-22.9×
Global Payments logo
Global PaymentsGPN
13.1×-5.1×
Block logo
BlockXYZ
44.7×+31.8×
Affirm Holdings, Inc. logo
Affirm Holdings, Inc.AFRM
39.9×

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%
Enterprise value$138.59B+23.9%
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 / 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 price / earnings?
Shopify (SHOP) reported price / earnings of 116.1× in Q1 2026.
How has Shopify's price / earnings changed year-over-year?
Shopify's price / earnings increased by 51.2% year-over-year, from 76.8× to 116.1×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.