Shopify SHOP
NASDAQ SHOP
$142.25 -2.91 (-2.00%)
At close: Sep 25, 2026 · 4:00 PM EDT

Shopify (SHOP) Enterprise Value (2015 - 2026)

Shopify (SHOP) posted Enterprise Value of $142.9 billion for Q2 2026, down 3.98% on a QoQ basis from $148.9 billion in Q1 2026, and down 0.65% year-over-year from $143.9 billion in Q2 2025.

Analysis

Shopify (SHOP) Enterprise Value (2015 - 2026) Analysis & Trends

Shopify has reported Enterprise Value for 12 years, with the latest figure at $142.9 billion in Q2 2026.

  • On a quarterly basis, Enterprise Value fell 0.65% year-over-year to $142.9 billion in Q2 2026; TTM through Jun 2026 was $142.9 billion, a 0.65% decrease from a year earlier, with the FY2025 full-year figure at $203.3 billion, up 54.42% from the prior year.
  • Enterprise Value was $142.9 billion for Q2 2026 at Shopify, down from $148.9 billion in the prior quarter.
  • The five-year high for Enterprise Value was $203.3 billion in Q4 2025, with the low at $38.9 billion in Q4 2022.
  • Average Enterprise Value over 5 years is $124.8 billion, with a median of $124.9 billion recorded in 2024.
  • The sharpest annual moves came in 2022 and 2023: Enterprise Value plunged 76.52% in 2022, then jumped 143.77% in 2023.
  • Over 5 years, Enterprise Value stood at $38.9 billion in 2022, then jumped by 143.77% to $94.8 billion in 2023, then surged by 38.85% to $131.7 billion in 2024, then surged by 54.42% to $203.3 billion in 2025, then fell by 29.69% to $142.9 billion in 2026.
  • The last three Enterprise Value figures came in at $142.9 billion (Q2 2026), $148.9 billion (Q1 2026), and $203.3 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Alphabet 4,144.46 Bn 3,901.99 Bn 73.85 Bn
2 Meta Platforms 1,981.30 Bn 1,683.82 Bn 49.47 Bn
3 Netflix 296.22 Bn 256.42 Bn 6.52 Bn
4 Alibaba Group Holding 254.92 Bn 72.79 Bn 15.11 Bn
5 Shopify 184.25 Bn 161.43 Bn 1.71 Bn
6 Uber Technologies 142.00 Bn 113.98 Bn 6.38 Bn
7 Booking Holdings 123.19 Bn 56.24 Bn -
8 PDD Holdings 110.41 Bn -141.52 Bn 9.45 Bn
9 Spotify Technology 104.89 Bn 62.12 Bn 1.86 Bn
10 AppLovin 104.19 Bn 94.23 Bn 1.70 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 142.94 Bn
Mar 31, 2026 148.86 Bn
Dec 31, 2025 203.31 Bn
Sep 30, 2025 186.85 Bn
Jun 30, 2025 143.88 Bn
Mar 31, 2025 118.17 Bn
Dec 31, 2024 131.67 Bn
Sep 30, 2024 103.52 Bn
Jun 30, 2024 85.19 Bn
Mar 31, 2024 99.40 Bn
Dec 31, 2023 94.83 Bn
Dec 31, 2022 38.90 Bn
Dec 31, 2021 165.64 Bn
Dec 31, 2020 132.30 Bn
Dec 31, 2019 43.84 Bn
Dec 31, 2018 13.32 Bn
Dec 31, 2017 9.15 Bn
Dec 31, 2016 3.44 Bn
Dec 31, 2015 1.88 Bn
API Access

Shopify Enterprise Value API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=enterprise-value&ticker=SHOP&period=max&api_key=YOUR_API_KEY