SHOPSHOPIFY INC.SEC EDGAR
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SHOPIFY INC. (SHOP) Overview

Technology • Nasdaq • CIK 0001594805

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Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms

Market Cap
$188.89B
P/E (TTM)
88.8x
Rev Growth (TTM)
+32.5%
Net Margin (TTM)
15.0%
FCF Yield (TTM)
1.4%
FCF Margin (TTM)
18.8%
Figures as of September 30, 2026
Data coverage notes

Borrowings: none identified in filed XBRL. MetricDuck reads the common debt concepts; a filer can tag borrowings under one it does not, so this is not evidence the company is debt-free — check the filing before treating debt as zero. Enterprise Value and net-debt figures assume zero borrowings.

Filings

Primary-source SEC disclosures, read end-to-end. SEC figures cite the filing they come from.

10-Q2026 Q32026-11-03source
8-KEarnings2026-11-03source
10-Q2026 Q22026-08-05source
8-KEarnings2026-08-05source
8-KJul 20262026-07-02source
What your agent reads

Investor Relations

www.shopify.com/investors/financial-reports

Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.

Company-published, not SEC-audited

Earnings

Q3
13 days ago
8-K release
Revenue
$3.74B
+31.6%
Net Income
$462.00M
+75.0%
EPS
$0.36
+80.0%
Earnings call2025 Q4· machine-transcribedtranscript
Most recent quarterly earnings snapshot

Cash Flow Health

Free Cash Flow8/8 positive
TTM$2.7B
Q3 '26
$717.0M+10%
Q2 '26
$654.0M+37%
FCF Margin
TTM18.8%
Q3 '2619.2%+5%
Sector: 10.3%Above Avg
OCF Margin
18.9%
OCF/NI1.26x
CapEx Coverage
127.7x
FCF Yield1.4%
FCF Growth (3Y)–
Cash Conversion Cycle
–
DSO: 12+DIO: –−DPO: –
Factsheet →
Cash flow trends & capital efficiency

Capital Allocation

Total Shareholder Yield
TTM0.0%
Dividend & Payout Metrics
Dividend Yield (TTM)—
Free Cash Flow (TTM)$2.7B
Capital Return / FCF0.0%
Buyback data not disclosed in this company's filings.
Shows how management rewards shareholders

Valuation Metrics

Price-to-EarningsTTM
88.8x
High PEG ratio (4.4x) suggests expensive for growth
Valuation Lenses
Earnings
88.8x
vs – sector
Cash Flow
69.2x
EV/FCF vs –
Growth-Adj
4.4xPEG
Expensive for growth
Quality-Adj
6.6P/E per %ROIC
ROIC: 13.4%
Shareholder Returns
Dividend
–
Buyback
–
Total Yield
–
Market Cap$188.89B
EV$184.16B

Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms

Multi-angle valuation analysis with sector context

Margins & Efficiency

ROIC 75th pctile
Profitability Cascade
Gross
47.5%
Operating
14.6%
Above Avg in sector
Net
15.0%
Margins Unknown
Return on Invested CapitalTTM
13.4%
Stable
+0.0% YoY8Q: 12.6%+2.7%
P25MedianP75
75th pctl (med: 4.4%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
12.3%
8Q: 11.3%
Asset Turnover
0.97x
8Q: 0.84x
Leverage (1+D/E)
–
Asset & CapEx Efficiency
Fixed Asset Turn
269.21x
8Q:238.16x
+6195.3%
Invested Cap Turn
1.93x
8Q:1.79x
+31.3%
CapEx Intensity
0.3%
8Q:0.3%
CapEx/Depreciation
0.75x
FCF vs Net Margin Gap+3.8 pts
Margin trends, ROIC, and capital efficiency

Balance Sheet & Solvency

ND/EBITDA -0.8x
Net Debt / EBITDA
-0.8x
Interest Coverage
7.3x
+Strong interest coverage: 7.3x
Leverage Metrics
Debt-to-Equity
–
Balance sheet risk & solvency analysis

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