Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is based in Ottawa, Canada.
Market Outlook | Analyst price targets range from $91 to $135, reflecting varied perspectives on Shopify's growth potential and market position |
Financial Performance | Delve into Shopify's robust financial health, with revenue growth of 26.5% year-over-year and a gross profit margin of ~50% |
Global Expansion | Discover how Shopify's international growth, particularly in Europe, is driving its market share and revenue, with GMV growth exceeding 20% |
AI-Driven Innovation | Explore Shopify's strategic focus on AI integration, positioning the company as a leader in e-commerce innovation and efficiency improvements |

Metrics to compare | SHOP | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipSHOPPeersSector | |
|---|---|---|---|---|
P/E Ratio | 119.4x | 35.6x | 12.3x | |
PEG Ratio | −3.03 | 3.31 | 0.01 | |
Price / Book | 10.9x | 5.9x | 2.4x | |
Price / LTM Sales | 12.7x | 4.2x | 2.3x | |
Upside (Analyst Target) | 42.0% | 61.5% | 24.4% | |
Fair Value Upside | Unlock | 33.9% | 4.9% | Unlock |