Shopify (SHOP) Common Equity (2014 - 2026)
Shopify's 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 has reported Common Equity for 13 years, with the latest figure at $12.5 billion in Q1 2026.
- For the quarter ending Q1 2026, Common Equity rose 13.12% year-over-year to $12.5 billion; the trailing twelve-month figure through Mar 2026 stood at $12.5 billion (up 13.12% YoY), and the FY2025 full-year result was $13.5 billion, up 16.57% from the prior year.
- Common Equity for Q1 2026 stood at $12.5 billion, down from $13.5 billion in the prior quarter.
- The five-year high for Common Equity was $13.5 billion in Q4 2025, with the low at $8.2 billion in Q4 2022.
- Average Common Equity over 5 years is $10.8 billion, with a median of $11.1 billion recorded in 2025.
- Year-over-year, Common Equity dropped 25.99% in 2022 and surged 32.18% in 2025.
- Tracing SHOP's Common Equity over 5 years: stood at $8.2 billion in 2022, then gained by 10.04% to $9.1 billion in 2023, then climbed by 27.49% to $11.6 billion in 2024, then rose by 16.57% to $13.5 billion in 2025, then declined by 7.21% to $12.5 billion in 2026.
- The last three Common Equity figures came in at $12.5 billion (Q1 2026), $13.5 billion (Q4 2025), and $12.5 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 52.52 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 59.14 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 24.75 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 12.50 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 11.73 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 6.56 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 11.43 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 6.35 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 20.63 Bn |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 3.99 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |