Shopify (SHOP) EV to EBITDA (2024 - 2026)
Shopify's EV to EBITDA came in at 76.32 for Q2 2026, down 32.4% from 112.93 a year earlier and down 14.0% from the prior quarter.
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Analysis
Shopify (SHOP) EV to EBITDA (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Shopify reported EV to EBITDA of 66.78, down 33.5% year-over-year; for FY2025, it came in at 135.63, up 14.4% from FY2024.
- Going back by year, EV to EBITDA was 118.51 in FY2024 and 494.53 in FY2021 (-40.1%).
- Business Quant data shows SHOP's EV to EBITDA at 88.77 (Q1 2026), 135.63 (Q4 2025) and 140.07 (Q3 2025) in the three quarters before Q2 2026.
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 | 76.32 |
| Mar 31, 2026 | 88.77 |
| Dec 31, 2025 | 135.63 |
| Sep 30, 2025 | 140.07 |
| Jun 30, 2025 | 112.93 |
| Mar 31, 2025 | 96.39 |
| Dec 31, 2024 | 118.51 |
API Access
Shopify EV to EBITDA 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-ebitda&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();