Shopify (SHOP) Enterprise Value (2014 - 2026)
Shopify's 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 has reported Enterprise Value for 13 years, with the latest figure at -$5.7 billion in Q1 2026.
- For the quarter ending Q1 2026, Enterprise Value fell 4.15% year-over-year to -$5.7 billion; the trailing twelve-month figure through Mar 2026 stood at -$5.7 billion (down 4.15% YoY), and the FY2025 full-year result was -$5.8 billion, down 5.46% from the prior year.
- Enterprise Value for Q1 2026 stood at -$5.7 billion, up from -$5.8 billion in the prior quarter.
- The five-year high for Enterprise Value was $2.4 billion in Q2 2024, with the low at -$6.3 billion in Q3 2025.
- Average Enterprise Value over 5 years is -$3.0 billion, with a median of -$3.6 billion recorded in 2022.
- Year-over-year, Enterprise Value soared 217.23% in 2024 and plunged 1172.76% in 2025.
- Tracing SHOP's Enterprise Value over 5 years: stood at -$4.6 billion in 2022, then soared by 116.58% to $766.0 million in 2023, then tumbled by 815.27% to -$5.5 billion in 2024, then retreated by 5.46% to -$5.8 billion in 2025, then grew 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -17.97 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | -9.57 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | -1.04 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -5.74 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | -5.18 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | -1.41 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | -6.89 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -3.23 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | -6.78 Bn |
| 10 | Datadog | 78.54 Bn | 73.78 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 |
| Jun 30, 2024 | 2.43 Bn |
| Mar 31, 2024 | 514.00 Mn |
| Jun 30, 2023 | 766.00 Mn |
| Mar 31, 2023 | -640.00 Mn |
| Dec 31, 2022 | -4.62 Bn |
| Sep 30, 2022 | -1.06 Bn |
| Jun 30, 2022 | -2.63 Bn |
| Mar 31, 2022 | -1.94 Bn |
| Dec 31, 2021 | -7.41 Bn |
| Sep 30, 2021 | -1.74 Bn |
| Jun 30, 2021 | -2.36 Bn |
| Mar 31, 2021 | -2.20 Bn |
| Dec 31, 2020 | -5.76 Bn |
| Sep 30, 2020 | -2.32 Bn |
| Jun 30, 2020 | -1.36 Bn |
| Mar 31, 2020 | -723.04 Mn |
| Dec 31, 2019 | -2.30 Bn |
| Sep 30, 2019 | -851.98 Mn |
| Jun 30, 2019 | -500.00 Mn |
| Mar 31, 2019 | -308.63 Mn |
| Dec 31, 2018 | -1.67 Bn |
| Sep 30, 2018 | -186.21 Mn |
| Jun 30, 2018 | -170.38 Mn |
| Mar 31, 2018 | -155.53 Mn |
| Dec 31, 2017 | -862.49 Mn |
| Sep 30, 2017 | -95.57 Mn |
| Jun 30, 2017 | -148.29 Mn |
| Mar 31, 2017 | -76.50 Mn |
| Dec 31, 2016 | -390.92 Mn |
| Sep 30, 2016 | -143.73 Mn |
| Jun 30, 2016 | -68.14 Mn |
| Mar 31, 2016 | -83.86 Mn |
| Dec 31, 2015 | -190.17 Mn |
| Sep 30, 2015 | -115.32 Mn |
| Jun 30, 2015 | -198.83 Mn |
| Mar 31, 2015 | -46.15 Mn |
| Dec 31, 2014 | -59.66 Mn |
| Sep 30, 2014 | -45.37 Mn |
| Jun 30, 2014 | -83.53 Mn |