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Shopify Inc.
SHOP
NASDAQ·Technology·Software - Application·Mkt cap $157.8B
$120.79
▼ -0.69%
View full research view
Our plain-language verdict, the thesis, risk factors, and what is changing about the business.
View research view52-Week Range
$94.00 - $182.19
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 6.0% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- Largest app ecosystem with 10,000+ third-party integrations
- Multi-channel selling capabilities across web, mobile, social, and physical retail
- Strong network effects from merchant community and developer ecosystem
- Integrated payment processing reducing friction and increasing margins
- Global infrastructure supporting merchants in 175+ countries
Bear Case
2 risks
- High volatility (beta 2.6). Larger-than-normal price swings expected.
- Growth premium of 2.6x vs Enterprise SaaS peers. Elevated but may be justified by growth trajectory.
Growth
Strong growth ahead
Accelerating e-commerce adoption and digital transformation
Value
Growth premium of 2.6x vs Enterprise SaaS peers. Elevated but may be justified by growth trajectory.
Momentum
Stable
+2.9% over 3m
Quality
Strong
High-growth business (32% revenue growth, 48% gross margin). Profitable with strong growth momentum.
Dividend
None
No dividend
Smart-money signal
Who's buying SHOP right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Aug 5, 2026
MAY 5, 2026
Reported EPS of $0.36 vs $0.33 consensus (+10.4% surprise). Revenue of $3.1B vs $3.1B expected (+1.4%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Q2 26
+10.4%
Next: Aug 5, 2026
Revenue trend · last 8Q
—
—
—
+27%
+31%
+32%
+31%
+34%
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
$2.0B
$2.2B
$2.8B
$2.4B
$2.7B
$2.8B
$3.7B
$3.2B
Margins · last 8Q
Gross
48.8%
Operating
12.1%
Profit
-18.3%
Wall Street consensus
16 analysts · 75% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
75%
Hold
25%
Sell
0%
Median Price Target
$140.00
▲ +15.9% vs $120.79
Latest: Wells Fargo · May 6, 2026
7 analysts covering