Shopify (SHOP) EV to CFO (2024 - 2026)
Shopify's (SHOP) EV to CFO was 60.14 for Q2 2026, down 23.4% from 78.49 a year earlier and down 13.3% from the prior quarter.
Powered by 
Analysis
Shopify (SHOP) EV to CFO (2024 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Shopify's EV to CFO came in at 52.62, down 24.6% 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%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 69.33 (Q1 2026), 100.01 (Q4 2025) and 97.17 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 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();