Shopify (SHOP) EV to CFO (2024 - 2026)
Shopify (SHOP) posted EV to CFO of 217.24 for Q2 2026, down 29.81% on a QoQ basis from 309.48 in Q1 2026, and down 35.38% year-over-year from 336.16 in Q2 2025.
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Analysis
Shopify (SHOP) EV to CFO (2024 - 2026) Analysis & Trends
Shopify has reported EV to CFO for 3 years, with the latest figure at 217.24 in Q2 2026.
- On a quarterly basis, EV to CFO fell 35.38% year-over-year to 217.24 in Q2 2026; TTM through Jun 2026 was 60.14, a 23.39% decrease from a year earlier, with the FY2025 full-year figure at 100.01, up 22.74% from the prior year.
- EV to CFO was 217.24 for Q2 2026 at Shopify, down from 309.48 in the prior quarter.
- The five-year high for EV to CFO was 417.67 in Q1 2024, with the low at 214.09 in Q4 2024.
- Average EV to CFO over 3 years is 295.66, with a median of 294.96 recorded in 2025.
- The sharpest annual moves came in 2025 and 2026: EV to CFO soared 48.83% in 2025, then tumbled 35.38% in 2026.
- Over 3 years, EV to CFO stood at 214.09 in 2024, then surged by 30.99% to 280.43 in 2025, then decreased by 22.54% to 217.24 in 2026.
- The last three EV to CFO figures came in at 217.24 (Q2 2026), 309.48 (Q1 2026), and 280.43 (Q4 2025), per Business Quant data.
Peer Set
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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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();