Shopify Subordinate Voting
$216.28Change from previous close: +1.97%Absolute change: +$4.18
Valuation
Data as of October 2, 2026
Valuation multiples
- Market cap
- $278.28B
- Enterprise value
- $268.13B
- P/E (trailing 12 months)
- 103.0
- Forward P/E
- 62.0
- PEG
- 1.73
- Price/book
- 16.0
- Price/sales
- 21.0
- EV/EBITDA
- 112.0
- EV/revenue
- 20.2
Profitability and growth
- Gross margin
- 47.8%
- Operating margin
- 17.6%
- Net margin
- 14.5%
- ROE
- 15.5%
- ROA
- 10.2%
- Revenue growth (year over year)
- 33.7%
- Earnings growth (year over year)
- 68.1%
Financial health
- Total cash
- $4.95B
- Total debt
- $178M
- Debt/equity
- 0.01
- Current ratio
- 5.35
- Quick ratio
- 3.72
Dividends
- Payout ratio
- 0.0%
Analysts and estimates
- Average price target
- $237.41
- Median price target
- $240.37
- High price target
- $264.41
- Low price target
- $207.46
- Analysts with a price target
- 3
- Consensus
- Buy
- Forward EPS
- $3.49
- EPS estimate, current year
- $1.91
Shares and trading
- Beta
- 2.62
- Average volume
- 2.11M
- Shares outstanding
- 1.21B
- Float
- 1.21B
- Institutional ownership
- 73.2%
- Insider ownership
- 0.2%
- Short interest (% of float)
- 0.6%
- Short ratio (days)
- 4.22