SHOP

ShopifyNASDAQ · Internet Services & Infrastructure · Information Technology

Previous close

179.22

Change

+8.37 / +4.90%

FinDog View

Bullish

52-Week Range ?

94.00 – 182.19

P/E (TTM) ?

114.0

Forward P/E ?

64.3

Based on consensus earnings for the next 12 months

Market Cap

$220B

+39.16%

S&P 500 +1.81% over same period

Volume / Avg Volume

12.5M / 7.3M

1.71× average

Latest earnings analysisFY2026 Q2Reported 2026-08-05

Shopify Q2 FY2026: revenue up 34.0%, EPS flattered by investment gains

Shopify grew revenue 34.0% to $3.58 billion and operating income 67.7% to $488 million in the June 2026 quarter — a genuinely strong quarter whose headline EPS of $1.16 was inflated by $1.06 billion of equity-investment gains. Read the scorecard on operating income and free cash flow, not net income: excluding those marks, the business earned $439 million.

Read the full analysis →

Revenue$3.58BYoY +33.70%

EPS$1.16Beatest. $0.41

Next-day move+2.22%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 110.71M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-06	2026-08-05	$3.6B	1.16 / 0.41	+2.22%	Read analysis →
FY2026 Q1 Quarter ended 2026-03	2026-05-05	$3.2B	-0.45 / 0.34	−2.03%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-11	$11.6B	0.94 / 0.52	−6.78%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-11-04	$2.8B	0.20 / 0.34	+1.23%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-08-06	$2.7B	0.69 / —	−2.47%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-05-08	$2.4B	-0.53 / —	−2.37%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2027-02-09

in 119 days · After hours

Consensus EPS

$0.66

Last quarter EPS $1.16

Avg. next-day move over the last 6 reports

±2.9%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 68 of its 5-year rangeMid-range

5-year range 60.7 – 135.5 · Median 99.5

Last 4 quarters: $1.9B in buybacks + $0 in dividends, 0.87% of market cap combined

P/E (TTM)

114.0

P/B

17.3

P/S

16.6

PEG

2.02

Earnings Reaction

Over the last 6 reports, the stock moved ±2.9% on average on the first trading day after, rising 2 times

Most recent +2.22%

Volatility & Correlation

1-year beta 1.84 · Correlation with S&P 500 0.40High beta

Annualized volatility 59% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

No open-market buys or sells by officers or directors in the last 90 days.

Multi-Quarter Financial Trends

View all quarters →

Last 10 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q2	3.58	+33.7%	47.7%	0.49	1.50	0.65	1.16
FY2026 Q1	3.17	+34.3%	48.8%	0.38	-0.58	0.48	-0.45
FY2025 Q4	3.67	+30.6%	46.1%	0.63	0.74	0.72	0.58
FY2025 Q3	2.84	+31.5%	48.9%	0.34	0.26	0.51	0.20
FY2025 Q2	2.68	+31.1%	48.6%	0.29	0.91	0.42	0.69
FY2025 Q1	2.36	+26.8%	49.5%	0.20	-0.68	0.36	-0.53
FY2024 Q4	2.81	—	48.1%	0.47	1.29	0.61	0.99
FY2024 Q3	2.16	—	51.7%	0.28	0.83	0.42	0.64
FY2024 Q2	2.05	—	51.1%	0.24	0.17	0.33	0.13
FY2024 Q1	1.86	—	51.4%	0.09	-0.27	0.23	-0.21

Peers

Largest by market cap in the sector · Latest quarterView Information Technology sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
SHOP	Shopify	$220B	114.0	+33.7%	47.7%	+39.16%	Bullish
TWLO	Twilio	$44.5B	38.7	+22.0%	48.4%	+24.33%	Bullish	Compare
NVDA	Nvidia	$5.53T	28.6	+105.9%	75.0%	+3.68%	Bullish	Compare
AAPL	Apple Inc.	$4.91T	38.1	+16.4%	50.1%	+2.62%	Bullish	Compare
MSFT	Microsoft	$3.97T	29.7	+17.7%	67.2%	+9.18%	Bullish	Compare
AVGO	Broadcom	$1.73T	45.1	+85.5%	69.1%	−2.01%	Bullish	Compare
MU	Micron Technology	$1.16T	13.7	+379.3%	86.8%	+1.41%	Bullish	Compare
AMD	Advanced Micro Devices	$993B	154.3	+50.1%	53.8%	+15.13%	Bullish	Compare
INTC	Intel	$553B	—	+25.4%	40.4%	−1.54%	Bullish	Compare