Shopify (SHOP) Enterprise Value (2014 - 2026)
Shopify (SHOP) recorded quarterly Enterprise Value of -$5.7 billion in Q1 2026, up 0.61% quarter-over-quarter from -$5.8 billion in Q4 2025, and down 4.15% on a YoY basis from -$6.0 billion in Q1 2025.
Shopify (SHOP) Enterprise Value (2014 - 2026) Analysis & Trends
Shopify's Enterprise Value history runs 13 years deep, the most recent figure standing at -$5.7 billion for Q1 2026.
- In Q1 2026, Enterprise Value fell 4.15% year-over-year to -$5.7 billion; the TTM figure through Mar 2026 stood at -$5.7 billion (down 4.15% YoY), while the FY2025 annual figure was -$5.8 billion, down 5.46% from the prior year.
- Enterprise Value was -$5.7 billion for Q1 2026 at Shopify, up from -$5.8 billion in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of -$5.0 billion in Q4 2023 to a low of -$6.3 billion in Q3 2025.
- Historically, Enterprise Value has averaged -$5.6 billion across 5 years, with a median of -$5.6 billion in 2025.
- The sharpest annual moves came in 2022 and 2024: Enterprise Value jumped 34.95% in 2022, then dropped 9.4% in 2024.
- A 5-year view of Enterprise Value shows it stood at -$5.1 billion in 2022, then climbed by 0.89% to -$5.0 billion in 2023, then retreated by 9.4% to -$5.5 billion in 2024, then fell by 5.46% to -$5.8 billion in 2025, then climbed by 0.61% to -$5.7 billion in 2026.
- The last three Enterprise Value figures came in at -$5.7 billion (Q1 2026), -$5.8 billion (Q4 2025), and -$6.3 billion (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -17.97 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -2.55 Bn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | -1.04 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -5.74 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | -11.84 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | -1.41 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | -5.18 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -3.23 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | -5.63 Bn |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | -2.95 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.74 Bn |
| Dec 31, 2025 | -5.78 Bn |
| Sep 30, 2025 | -6.35 Bn |
| Jun 30, 2025 | -5.82 Bn |
| Mar 31, 2025 | -5.51 Bn |
| Dec 31, 2024 | -5.48 Bn |
| Dec 31, 2023 | -5.01 Bn |
| Dec 31, 2022 | -5.05 Bn |
| Dec 31, 2021 | -7.77 Bn |
| Dec 31, 2020 | -6.39 Bn |
| Dec 31, 2019 | -2.46 Bn |
| Dec 31, 2018 | -1.97 Bn |
| Dec 31, 2017 | -938.04 Mn |
| Dec 31, 2016 | -392.41 Mn |
| Dec 31, 2015 | -190.17 Mn |
| Dec 31, 2014 | -59.66 Mn |