Shopify (SHOP) Enterprise Value (2014 - 2026)
Shopify's (SHOP) quarterly Enterprise Value came in at -$5.7 billion in Q1 2026, down 4.15% year-on-year from -$6.0 billion in Q1 2025, and up 0.61% quarter-over-quarter from -$5.8 billion in Q4 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.
- On a quarterly basis, Enterprise Value fell 4.15% year-over-year to -$5.7 billion in Q1 2026; TTM through Mar 2026 was -$5.7 billion, a 4.15% decrease from a year earlier, with the FY2025 full-year figure at -$5.8 billion, down 5.46% from the prior year.
- Enterprise Value climbed to -$5.7 billion in Q1 2026 per SHOP's latest filing, from -$5.8 billion in the prior quarter.
- Across five years, Enterprise Value topped out at -$5.0 billion in Q4 2023 and bottomed at -$6.3 billion in Q3 2025.
- The 5-year median for Enterprise Value is -$5.6 billion (2025), against an average of -$5.6 billion.
- Across the five-year window, Enterprise Value soared 34.95% in 2022 and fell 9.4% in 2024, its largest moves.
- Year by year, Enterprise Value 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.
- Per Business Quant, the three latest SHOP Enterprise Value figures stand at -$5.7 billion (Q1 2026), -$5.8 billion (Q4 2025), and -$6.3 billion (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -19.64 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -2.64 Bn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -5.74 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | -1.04 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | -11.84 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | -4.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -3.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -2.95 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | -1.41 Bn |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | -4.76 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 |