Shopify (SHOP) Common Equity (2014 - 2026)

Shopify's (SHOP) quarterly Common Equity came in at $12.5 billion in Q1 2026, up 13.12% year-on-year from $11.1 billion in Q1 2025, and down 7.21% quarter-over-quarter from $13.5 billion in Q4 2025.

Shopify (SHOP) Common Equity (2014 - 2026) Analysis & Trends

Shopify's Common Equity history runs 13 years deep, the most recent figure standing at $12.5 billion for Q1 2026.

  • On a quarterly basis, Common Equity rose 13.12% year-over-year to $12.5 billion in Q1 2026; TTM through Mar 2026 was $12.5 billion, a 13.12% increase from a year earlier, with the FY2025 full-year figure at $13.5 billion, up 16.57% from the prior year.
  • Common Equity retreated to $12.5 billion in Q1 2026 per SHOP's latest filing, from $13.5 billion in the prior quarter.
  • Across five years, Common Equity topped out at $13.5 billion in Q4 2025 and bottomed at $8.2 billion in Q4 2022.
  • The 5-year median for Common Equity is $11.1 billion (2025), against an average of $10.8 billion.
  • Across the five-year window, Common Equity dropped 25.99% in 2022 and surged 32.18% in 2025, its largest moves.
  • Year by year, Common Equity stood at $8.2 billion in 2022, then rose by 10.04% to $9.1 billion in 2023, then advanced by 27.49% to $11.6 billion in 2024, then increased by 16.57% to $13.5 billion in 2025, then dropped by 7.21% to $12.5 billion in 2026.
  • Per Business Quant, the three latest SHOP Common Equity figures stand at $12.5 billion (Q1 2026), $13.5 billion (Q4 2025), and $12.5 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Common Equity (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 53.11 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - 5.85 Bn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 12.50 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 24.75 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 34.24 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 12.52 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 6.35 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.94 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 6.56 Bn
10 Datadog 86.34 Bn 81.58 Bn 797.20 Mn 3.99 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 12.50 Bn
Dec 31, 2025 13.47 Bn
Sep 30, 2025 12.51 Bn
Jun 30, 2025 12.12 Bn
Mar 31, 2025 11.05 Bn
Dec 31, 2024 11.56 Bn
Sep 30, 2024 10.12 Bn
Jun 30, 2024 9.17 Bn
Mar 31, 2024 8.89 Bn
Dec 31, 2023 9.07 Bn
Dec 31, 2022 8.24 Bn
Dec 31, 2021 11.13 Bn
Dec 31, 2020 6.40 Bn
Dec 31, 2019 3.02 Bn
Dec 31, 2018 2.09 Bn
Dec 31, 2017 1.00 Bn
Dec 31, 2016 410.48 Mn
Dec 31, 2015 195.32 Mn
Dec 31, 2014 67.73 Mn