Shopify (SHOP) EV to CFO (2024 - 2026)
Shopify's (SHOP) EV to CFO was 69.39 for Q3 2026, down 28.6% from 97.17 a year earlier but up 15.4% from the prior quarter.
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Analysis
Shopify (SHOP) EV to CFO (2024 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Shopify's EV to CFO came in at 63.25, down 28.5% year-over-year; for FY2025, it was 100.01, up 22.7% from FY2024.
- By year, EV to CFO came in at 81.48 in FY2024 (-18.9%), 100.45 in FY2023 and 309.20 in FY2021 (-0.7%).
- Five-year quarterly EV to CFO spans a low of 60.14 in Q2 2026 and a high of 100.01 in Q4 2025.
- Year over year, EV to CFO gained in two of the last four quarters, with an average decline of 6.7%.
- Per Business Quant data, the three quarters before Q3 2026 came in at 60.14 (Q2 2026), 69.33 (Q1 2026) and 100.01 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 69.39 |
| Jun 30, 2026 | 60.14 |
| Mar 31, 2026 | 69.33 |
| Dec 31, 2025 | 100.01 |
| Sep 30, 2025 | 97.17 |
| Jun 30, 2025 | 78.49 |
| Mar 31, 2025 | 67.72 |
| Dec 31, 2024 | 81.48 |
API Access
Shopify EV to CFO 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=ev-to-cfo&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();