Growth Metrics

Shopify (SHOP) Enterprise Value (2016 - 2026)

Shopify (SHOP) has disclosed Enterprise Value for 12 consecutive years, with -$5.8 billion as the latest value for Q4 2025.

  • For Q4 2025, Enterprise Value fell 5.46% year-over-year to -$5.8 billion; the TTM value through Dec 2025 reached -$5.8 billion, down 5.46%, while the annual FY2025 figure was -$5.8 billion, 5.46% down from the prior year.
  • Enterprise Value hit -$5.8 billion in Q4 2025 for Shopify, up from -$6.3 billion in the prior quarter.
  • Across five years, Enterprise Value topped out at -$5.0 billion in Q4 2023 and bottomed at -$7.8 billion in Q4 2021.
  • Average Enterprise Value over 5 years is -$5.8 billion, with a median of -$5.6 billion recorded in 2025.
  • Year-over-year, Enterprise Value dropped 21.61% in 2021 and then surged 34.95% in 2022.
  • Shopify's Enterprise Value stood at -$7.8 billion in 2021, then soared by 34.95% to -$5.1 billion in 2022, then grew by 0.89% to -$5.0 billion in 2023, then decreased by 9.4% to -$5.5 billion in 2024, then dropped by 5.46% to -$5.8 billion in 2025.
  • According to Business Quant data, Enterprise Value over the past three periods came in at -$5.8 billion, -$6.3 billion, and -$5.8 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.