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Technology

Shopify Inc. Class A subordinate voting shares (SHOP) stock

Shopify Inc. Class A subordinate voting shares (SHOP) trades on Nasdaq and is classified in the Technology sector. Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital. This page tracks SHOP using verified market data, the company's most recently reported financial statements, its earnings record and Ticker-Terminal's analytical models. Every figure is shown with its source and the time it was last verified, and values we cannot verify are labelled rather than filled in.

$128.79$2.19 (+1.73%)Last verified · 3 days ago

Previous close

$126.60

Volume

10,783,360.523

52-week range

$94.00 – $182.19

Market cap

$165.71B

Source: Polygon (daily close) · Verified Sep 11, 2026, 12:00 AM EDT

Performance

1D

+1.73%

1W

-11.23%

1M

-14.37%

1Y

-11.20%

Percentage change calculated from verified closing prices. Periods without full provider coverage are marked unavailable rather than estimated.

Reported financials

Verified · 40 days ago

Revenue (TTM)

$13.27B

Reported Q2'26 · Polygon (company financials)

Revenue growth (YoY)

33.7%

Reported Q2'26 · Polygon (company financials)

EPS (TTM, diluted)

1.48

Reported Q2'26 · Polygon (company financials)

EPS growth (YoY)

68.1%

Reported Q2'26 · Polygon (company financials)

Gross margin

47.8%

Reported Q2'26 · Polygon (company financials)

Operating margin

13.9%

Reported Q2'26 · Polygon (company financials)

Net margin

14.5%

Reported Q2'26 · Polygon (company financials)

Operating cash flow (TTM)

$2.38B

Reported Q2'26 · Polygon (company financials)

Revenue 2-year CAGR

Data unavailable

Reported Q2'26 · Polygon (company financials)

Source: Polygon financials + Finnhub earnings · Latest reported Q2'26 · Verified Aug 4, 2026, 8:00 PM EDT

Valuation

P/E (trailing)

87.0Last verified · 3 days ago

Reported Q2'26 · Ticker-Terminal (last verified price ÷ TTM diluted EPS)

P/E (forward, est.)

94.1Last verified · 3 days ago

Ticker-Terminal (last verified price ÷ annualised consensus EPS estimate)

Market cap

$165.71BLast verified · 3 days ago

Polygon / Finnhub reference

Dividend yield

No dividend currently reported

Ticker-Terminal does not publish a dividend yield for this ticker until a verified distribution is on file.

Earnings

Verified · 40 days ago

Next earnings date

Nov 1, 2026

Source: Finnhub earnings calendar

Latest reported quarter

Q2'26

Revenue $3.58B · Diluted EPS 1.16

SHOP EPS actual versus estimate by reported period
PeriodEPS actualEstimateSurprise
2026-06-300.420.41+2.5%
2026-03-310.360.34+6.8%
2025-12-310.480.52-7.1%
2025-09-300.340.34-0.7%

Ticker-Terminal analysis of SHOP

Analysis based on data verified 2026-06-18T14:00:03.436+00:00. It has not been refreshed because current market inputs are not fresh enough. Based on data verified Jun 18, 2026, 10:00 AM EDT.

58/ 100 quality score
F

Bull case

The company cements itself as the 'operating system' for global retail, justifying a premium valuation through dominant market share and high switching costs.

  • Shopify successfully upsells its enterprise-grade 'Shopify Plus' to a significant percentage of established global brands.
  • AI features for merchants drive higher subscription take-rates and operational efficiencies for the platform.
  • Free cash flow accelerates faster than expected as the company keeps corporate headcount lean while scaling revenue.

Base case

Shopify maintains its leadership position in e-commerce infrastructure, but the stock remains a 'story' investment where the price significantly exceeds the fundamental valuation of the underlying business.

  • Merchant solutions continue To grow at historical averages as small businesses prioritize digital storefronts.
  • Operating margins remain stable despite intense competition from Amazon’s 'Buy with Prime' and social commerce platforms.
  • Revenue growth settles into the high 20% range as the post-logistics divestiture benefits bake into the year-over-year comps.

Bear case

The massive disconnect between the stock price and its fair value creates a 'high-wire' situation where any slight earnings miss could lead to a catastrophic sell-off.

  • A consumer spending slowdown hits Shopify's core demographic of small and medium-sized businesses particularly hard.
  • Pressure to increase marketing spend to compete with TikTok Shop and Amazon erodes recent margin improvements.
  • The 'valuation gravity' finally takes hold, leading to a significant price correction to align with the company's real cash-flow generation.

Calculated from verified reported financials and the last verified price (data verified Jun 18, 2026, 10:00 AM EDT). Analytical model output, not a price target or investment advice.

Analyst consensus

Unavailable

Rating

Buy

Average target

Unavailable

Range

Unavailable

Analysts

56

Source: finnhub

Recent SHOP news

Delayed · 2 days ago

Data confidence: Partial confidence

Some data is delayed, stale or unavailable. Everything shown is still verified.

  • Market data is older than our freshness threshold.

What is affected

  • Market dataLast verified · 3 days ago· Polygon (daily close)
  • NewsDelayed · 2 days ago· polygon

Still fully reliable

Company profile and business overview · Reported financial statements · Earnings history · Ticker-Terminal analysis

Run full AI research on SHOP

This page is the free public summary. Inside Ticker-Terminal you get quarterly forecasts, EPS estimate tracking, earnings deep dives, fair-value modelling and AI research built on the same verified provider data and filings.

SHOP questions, answered

What does Shopify Inc. Class A subordinate voting shares do?

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

Where is SHOP listed?

Shopify Inc. Class A subordinate voting shares trades under the ticker SHOP on Nasdaq.

What is the SHOP stock price today?

SHOP was last verified at $128.79 (1.73% on the day). Pre-market, last verified Sep 11, 2026, 12:00 AM EDT. Market data may be delayed and is shown with its own timestamp.

Is Shopify Inc. Class A subordinate voting shares revenue growing?

Based on the latest reported financials, SHOP revenue changed 33.7% year over year (filed Aug 4, 2026).

When does Shopify Inc. Class A subordinate voting shares report earnings next?

The next confirmed SHOP earnings date is Nov 1, 2026, per Finnhub earnings calendar. Dates can be revised by the company.

What did Shopify Inc. Class A subordinate voting shares report in its latest quarter?

For Q2'26, SHOP reported revenue of $3.58B and diluted EPS of 1.16.

What is Ticker-Terminal's SHOP growth score?

Ticker-Terminal scores SHOP at 58/100 (F) from verified growth, profitability, financial strength and valuation inputs. It is an analytical model based on available verified data, not a guarantee of future performance.

How can I run deeper AI research on SHOP?

Create a free Ticker-Terminal account to run a full AI research report on SHOP — earnings breakdown, quarterly forecasts, bull, base and bear cases, and fair value ranges built on verified provider data and filings.

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Market data on this page is supplied by third-party providers, may be delayed, and is shown with the time it was last verified. Financial figures come from SHOP's most recently reported statements and are not restated by Ticker-Terminal.

Scores, fair-value ranges and bull, base and bear scenarios are analytical models calculated from verified data. They are educational information, not investment advice, not a price prediction, and not a recommendation to buy or sell any security. Past performance does not indicate future results.

See our risk disclosure. Page data assembled Sep 14, 2026, 4:08 AM EDT.