Shopify (SHOP) Equity Average (2015 - 2026)
Shopify's quarterly Equity Average came in at $13.0 billion in Q1 2026, up 14.88% year-on-year from $11.3 billion in Q1 2025, and little changed quarter-over-quarter from $13.0 billion in Q4 2025.
Shopify has reported Equity Average for 11 years, with the latest figure at $13.0 billion in Q1 2026.
- For the quarter ending Q1 2026, Equity Average rose 14.88% year-over-year to $13.0 billion; the trailing twelve-month figure through Mar 2026 stood at $13.0 billion (up 14.88% YoY), and the FY2025 full-year result was $12.5 billion, up 21.37% from the prior year.
- Equity Average for Q1 2026 stood at $13.0 billion, roughly flat from $13.0 billion in the prior quarter.
- The five-year high for Equity Average was $13.0 billion in Q4 2025, with the low at $6.4 billion in Q4 2022.
- Average Equity Average over 4 years is $10.0 billion, with a median of $9.6 billion recorded in 2024.
- Peak annual rise in Equity Average reached 53.49% in 2022, while the deepest fall reached 29.5% in 2022.
- Tracing SHOP's Equity Average over 4 years: stood at $6.4 billion in 2022, then soared by 70.21% to $10.8 billion in 2024, then climbed by 19.87% to $13.0 billion in 2025, then slipped by 0.04% to $13.0 billion in 2026.
- The last three Equity Average figures came in at $13.0 billion (Q1 2026), $13.0 billion (Q4 2025), and $12.3 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 52.79 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 59.58 Bn |
| 3 | Uber Technologies | 147.39 Bn | 146.35 Bn | 11.88 Bn | 26.33 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 12.99 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 12.35 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 6.02 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 11.53 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 6.37 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 19.84 Bn |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 3.86 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.99 Bn |
| Dec 31, 2025 | 12.99 Bn |
| Sep 30, 2025 | 12.32 Bn |
| Jun 30, 2025 | 11.59 Bn |
| Mar 31, 2025 | 11.30 Bn |
| Dec 31, 2024 | 10.84 Bn |
| Sep 30, 2024 | 9.65 Bn |
| Jun 30, 2024 | 9.03 Bn |
| Mar 31, 2024 | 8.98 Bn |
| Dec 31, 2022 | 6.37 Bn |
| Sep 30, 2022 | 6.75 Bn |
| Jun 30, 2022 | 8.31 Bn |
| Mar 31, 2022 | 9.31 Bn |
| Dec 31, 2021 | 8.93 Bn |
| Sep 30, 2021 | 9.58 Bn |
| Jun 30, 2021 | 8.67 Bn |
| Mar 31, 2021 | 6.07 Bn |
| Dec 31, 2020 | 4.77 Bn |
| Sep 30, 2020 | 3.99 Bn |
| Jun 30, 2020 | 2.80 Bn |
| Mar 31, 2020 | 2.28 Bn |
| Dec 31, 2019 | 2.21 Bn |
| Sep 30, 2019 | 1.88 Bn |
| Jun 30, 2019 | 1.61 Bn |
| Mar 31, 2019 | 1.59 Bn |
| Dec 31, 2018 | 1.43 Bn |
| Sep 30, 2018 | 1.28 Bn |
| Jun 30, 2018 | 1.29 Bn |
| Mar 31, 2018 | 1.05 Bn |
| Dec 31, 2017 | 887.97 Mn |
| Sep 30, 2017 | 982.68 Mn |
| Jun 30, 2017 | 694.15 Mn |
| Mar 31, 2017 | 359.30 Mn |
| Dec 31, 2016 | 359.63 Mn |
| Sep 30, 2016 | 300.14 Mn |
| Jun 30, 2016 | 189.86 Mn |
| Mar 31, 2016 | 193.15 Mn |
| Dec 31, 2015 | 196.31 Mn |
| Sep 30, 2015 | 198.43 Mn |