Shopify (SHOP) Market Capitalization (2015 - 2026)
Shopify (SHOP) posted Market Capitalization of $147.9 billion for Q2 2026, down 4.34% on a QoQ basis from $154.6 billion in Q1 2026, and down 1.21% year-over-year from $149.7 billion in Q2 2025.
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Analysis
Shopify (SHOP) Market Capitalization (2015 - 2026) Analysis & Trends
Shopify has reported Market Capitalization for 12 years, with the latest figure at $147.9 billion in Q2 2026.
- On a quarterly basis, Market Capitalization fell 1.21% year-over-year to $147.9 billion in Q2 2026; TTM through Jun 2026 was $147.9 billion, a 1.21% decrease from a year earlier, with the FY2025 full-year figure at $209.1 billion, up 52.46% from the prior year.
- Market Capitalization was $147.9 billion for Q2 2026 at Shopify, down from $154.6 billion in the prior quarter.
- The five-year high for Market Capitalization was $209.1 billion in Q4 2025, with the low at $44.0 billion in Q4 2022.
- Average Market Capitalization over 5 years is $128.9 billion, with a median of $130.4 billion recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Market Capitalization sank 74.65% in 2022, then surged 127.14% in 2023.
- Over 5 years, Market Capitalization stood at $44.0 billion in 2022, then soared by 127.14% to $99.8 billion in 2023, then soared by 37.38% to $137.1 billion in 2024, then soared by 52.46% to $209.1 billion in 2025, then retreated by 29.27% to $147.9 billion in 2026.
- The last three Market Capitalization figures came in at $147.9 billion (Q2 2026), $154.6 billion (Q1 2026), and $209.1 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,070.34 Bn | 3,641.31 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,876.83 Bn | 1,786.57 Bn | 49.47 Bn |
| 3 | Netflix | 297.14 Bn | 288.01 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 257.29 Bn | 222.03 Bn | 15.11 Bn |
| 5 | Shopify | 184.36 Bn | 179.41 Bn | 1.71 Bn |
| 6 | Uber Technologies | 141.62 Bn | 136.41 Bn | 6.38 Bn |
| 7 | Booking Holdings | 117.14 Bn | 99.93 Bn | 4.98 Bn |
| 8 | PDD Holdings | 112.73 Bn | 82.45 Bn | 9.45 Bn |
| 9 | AppLovin | 105.70 Bn | 102.65 Bn | 1.70 Bn |
| 10 | Spotify Technology | 105.08 Bn | 94.17 Bn | 1.86 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 147.89 Bn |
| Mar 31, 2026 | 154.60 Bn |
| Dec 31, 2025 | 209.09 Bn |
| Sep 30, 2025 | 193.20 Bn |
| Jun 30, 2025 | 149.70 Bn |
| Mar 31, 2025 | 123.68 Bn |
| Dec 31, 2024 | 137.15 Bn |
| Sep 30, 2024 | 103.52 Bn |
| Jun 30, 2024 | 85.19 Bn |
| Mar 31, 2024 | 99.40 Bn |
| Dec 31, 2023 | 99.83 Bn |
| Dec 31, 2022 | 43.95 Bn |
| Dec 31, 2021 | 173.41 Bn |
| Dec 31, 2020 | 138.69 Bn |
| Dec 31, 2019 | 46.29 Bn |
| Dec 31, 2018 | 15.29 Bn |
| Dec 31, 2017 | 10.09 Bn |
| Dec 31, 2016 | 3.84 Bn |
| Dec 31, 2015 | 2.07 Bn |
API Access
Shopify Market Capitalization 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=market-capitalization&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();