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Shopify SHOP Return on equity

Return on equity at other companies

Adobe logo
AdobeADBE
63%+10.7pp
eBay logo
eBayEBAY
44.2%+7.5pp
Salesforce logo
SalesforceCRM
16.9%+6.6pp
Global Payments logo
Global PaymentsGPN
-3.1%-10.1pp
Block logo
BlockXYZ
3.7%-9.2pp
GoDaddy logo
GoDaddyGDDY
398.2%+153pp

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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Debt / equity-0.1×
Current ratio6.2×+2.5×

Where this comes from

Calculated from Shopify’s reported figures.

Based on trailing twelve months.

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 return on equity?
Shopify (SHOP) reported return on equity of 11.3% in Q1 2026.
How has Shopify's return on equity changed year-over-year?
Shopify's return on equity decreased by 29.9% year-over-year, from 16.1% to 11.3%.
What is the long-term trend for Shopify's return on equity?
Over 3 years (2022 to 2025), Shopify's return on equity has grown at a -34.9% compound annual growth rate (CAGR), from -35.7% to 9.8%.
What does return on equity mean?
How much profit the company earns on the money shareholders have invested.
How do you interpret return on equity?
Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.
How does return on equity compare across companies?
Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.