Shopify (SHOP) EV to EBIT (2024 - 2026)
Shopify's EV to EBIT was 89.95 in Q3 2026, down 37.3% from 143.51 a year earlier but up 16.0% from the prior quarter.
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Analysis
Shopify (SHOP) EV to EBIT (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, Shopify's EV to EBIT was 81.99 through Sep 30, 2026, down 37.2% year-over-year; for FY2025, it was 138.50, up 13.1% from FY2024.
- In earlier years, EV to EBIT was 122.48 in FY2024 and 616.59 in FY2021 (-58.0%).
- Quarterly EV to EBIT has moved between 77.52 (Q2 2026) and 143.51 (Q3 2025) over five years.
- Compared with a year earlier, EV to EBIT has declined for three straight quarters, with an average decline of 16.5% over the last four quarters.
- Per Business Quant data, SHOP's EV to EBIT in the three quarters before Q3 2026 was 77.52 (Q2 2026), 90.38 (Q1 2026) and 138.50 (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 | 89.95 |
| Jun 30, 2026 | 77.52 |
| Mar 31, 2026 | 90.38 |
| Dec 31, 2025 | 138.50 |
| Sep 30, 2025 | 143.51 |
| Jun 30, 2025 | 115.84 |
| Mar 31, 2025 | 99.13 |
| Dec 31, 2024 | 122.48 |
API Access
Shopify EV to EBIT 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-ebit&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "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-ebit&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();