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Shopify SHOP Return on equity

Return on equity at other companies

Adobe logo
AdobeADBE
63%+10.7pp
eBay logo
eBayEBAY
47.8%+4.9pp
Salesforce logo
SalesforceCRM
16.9%+6.6pp
Global Payments logo
Global PaymentsGPN
-4.1%-10.4pp
Block logo
BlockXYZ
1.6%-12.7pp
GoDaddy logo
GoDaddyGDDY
398.2%+153pp

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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Debt / equity-0.1×
Current ratio5.4×+1.5×

Where this comes from

Calculated from Shopify’s reported figures.

Based on trailing twelve months.

The source filing: Shopify’s 8-K, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 7:01 AM EDT
Accession
0001594805-26-000046

FAQ

What is Shopify's return on equity?
Shopify (SHOP) reported return on equity of 24.1% in Q3 2026.
How has Shopify's return on equity changed year-over-year?
Shopify's return on equity increased by 56.4% year-over-year, from 15.4% to 24.1%.
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 -37.4% compound annual growth rate (CAGR), from -37.4% to 9.2%.
What does return on equity mean?
Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.

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