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.
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 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
| Date | Value |
|---|---|
| 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 |
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
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();