Shopify (SHOP) Common Equity (2014 - 2026)

Shopify (SHOP) recorded quarterly Common Equity of $12.5 billion in Q1 2026, down 7.21% quarter-over-quarter from $13.5 billion in Q4 2025, and up 13.12% on a YoY basis from $11.1 billion in Q1 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.

  • In Q1 2026, Common Equity rose 13.12% year-over-year to $12.5 billion; the TTM figure through Mar 2026 stood at $12.5 billion (up 13.12% YoY), while the FY2025 annual figure was $13.5 billion, up 16.57% from the prior year.
  • Common Equity was $12.5 billion for Q1 2026 at Shopify, down from $13.5 billion in the prior quarter.
  • In the past five years, Common Equity ranged from a high of $13.5 billion in Q4 2025 to a low of $8.2 billion in Q4 2022.
  • Historically, Common Equity has averaged $10.8 billion across 5 years, with a median of $11.1 billion in 2025.
  • The sharpest annual moves came in 2022 and 2025: Common Equity decreased 25.99% in 2022, then soared 32.18% in 2025.
  • A 5-year view of Common Equity shows it 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.
  • 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 238.14 Bn 220.17 Bn 8.16 Bn 52.52 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 24.75 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 12.50 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 34.24 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 6.56 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 11.73 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 6.35 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 11.52 Bn
10 Snowflake 82.57 Bn 79.61 Bn 926.45 Mn 1.94 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