Shopify (SHOP) Equity Ratio (2014 - 2026)

Shopify (SHOP) recorded quarterly Equity Ratio of 0.89 in Q1 2026, little changed quarter-over-quarter from 0.89 in Q4 2025, and up 7.35% on a YoY basis from 0.82 in Q1 2025.

Shopify (SHOP) Equity Ratio (2014 - 2026) Analysis & Trends

Shopify's Equity Ratio history runs 13 years deep, the most recent figure standing at 0.89 for Q1 2026.

  • In Q1 2026, Equity Ratio rose 7.35% year-over-year to 0.89; the TTM figure through Mar 2026 stood at 0.89 (up 7.35% YoY), while the FY2025 annual figure was 0.89, up 6.86% from the prior year.
  • Equity Ratio was 0.89 for Q1 2026 at Shopify, roughly flat from 0.89 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.89 in Q4 2025 to a low of 0.77 in Q4 2022.
  • Historically, Equity Ratio has averaged 0.83 across 5 years, with a median of 0.83 in 2024.
  • The sharpest annual moves came in 2022 and 2026: Equity Ratio decreased 8.22% in 2022, then increased 7.35% in 2026.
  • A 5-year view of Equity Ratio shows it stood at 0.77 in 2022, then climbed by 4.76% to 0.8 in 2023, then advanced by 3.45% to 0.83 in 2024, then gained by 6.86% to 0.89 in 2025, then declined by 0.2% to 0.89 in 2026.
  • The last three Equity Ratio figures came in at 0.89 (Q1 2026), 0.89 (Q4 2025), and 0.83 (Q3 2025), per Business Quant data.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 0.62
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 0.90
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 0.41
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 0.89
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 0.32
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 0.54
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 0.48
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 0.10
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 0.38
10 Snowflake 82.57 Bn 79.61 Bn 926.45 Mn 0.23

Historic Data

Download Data
DateValue
Mar 31, 2026 0.89
Dec 31, 2025 0.89
Sep 30, 2025 0.83
Jun 30, 2025 0.83
Mar 31, 2025 0.82
Dec 31, 2024 0.83
Dec 31, 2023 0.80
Dec 31, 2022 0.77
Dec 31, 2021 0.83
Dec 31, 2020 0.82
Dec 31, 2019 0.86
Dec 31, 2018 0.93
Dec 31, 2017 0.90
Dec 31, 2016 0.84
Dec 31, 2015 0.80
Dec 31, 2014 0.71