Shopify (SHOP) EV to EBIT (2024 - 2026)
Shopify (SHOP) posted EV to EBIT of 292.91 for Q2 2026, down 24.83% on a QoQ basis from 389.69 in Q1 2026, and down 40.76% year-over-year from 494.42 in Q2 2025.
Analysis
Shopify (SHOP) EV to EBIT (2024 - 2026) Analysis & Trends
Shopify has reported EV to EBIT for 3 years, with the latest figure at 292.91 in Q2 2026.
- On a quarterly basis, EV to EBIT fell 40.76% year-over-year to 292.91 in Q2 2026; TTM through Jun 2026 was 77.52, a 33.08% decrease from a year earlier, with the FY2025 full-year figure at 138.5, up 13.08% from the prior year.
- EV to EBIT was 292.91 for Q2 2026 at Shopify, down from 389.69 in the prior quarter.
- The five-year high for EV to EBIT was 1155.87 in Q1 2024, with the low at 283.15 in Q4 2024.
- Average EV to EBIT over 3 years is 478.44, with a median of 377.74 recorded in 2024.
- The largest YoY upside for EV to EBIT was 48.93% in 2025 against a maximum downside of 49.64% in 2025.
- Over 3 years, EV to EBIT stood at 283.15 in 2024, then grew by 13.79% to 322.21 in 2025, then decreased by 9.09% to 292.91 in 2026.
- The last three EV to EBIT figures came in at 292.91 (Q2 2026), 389.69 (Q1 2026), and 322.21 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Shopify | 187.92 Bn | 182.98 Bn | 1.71 Bn |
| 2 | Global-E Online | 6.49 Bn | 6.13 Bn | 131.87 Mn |
| 3 | Vtex | 624.51 Mn | 438.62 Mn | 51.71 Mn |
| 4 | Rezolve Ai | 359.91 Mn | 248.80 Mn | - |
| 5 | Commerce.com | 212.95 Mn | 56.62 Mn | 63.53 Mn |
| 6 | Baozun | 154.04 Mn | -65.26 Mn | 302.56 Mn |
| 7 | BeLive Holdings | 23.36 Mn | 16.74 Mn | - |
| 8 | Paid | 20.26 Mn | 19.18 Mn | 1.22 Mn |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - |
| 10 | My Size | 1.36 Mn | 650,132.45 | 973,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 292.91 |
| Mar 31, 2026 | 389.69 |
| Dec 31, 2025 | 322.21 |
| Sep 30, 2025 | 544.76 |
| Jun 30, 2025 | 494.42 |
| Mar 31, 2025 | 582.11 |
| Dec 31, 2024 | 283.15 |
| Sep 30, 2024 | 365.79 |
| Jun 30, 2024 | 353.49 |
| Mar 31, 2024 | 1,155.87 |