Shopify SHOP
NASDAQ SHOP
$145.09 -0.79 (-0.54%)
At close: Sep 4, 2026 · 4:00 PM EDT

Shopify (SHOP) Price to Earnings (2024 - 2026)

Shopify (SHOP) posted Price to Earnings of 98.46 for Q2 2026, up 137.0% on a QoQ basis from 266.1 in Q1 2026, and down 40.41% year-over-year from 165.23 in Q2 2025.

Analysis

Shopify (SHOP) Price to Earnings (2024 - 2026) Analysis & Trends

Shopify has reported Price to Earnings for 3 years, with the latest figure at 98.46 in Q2 2026.

  • On a quarterly basis, Price to Earnings fell 40.41% year-over-year to 98.46 in Q2 2026; TTM through Jun 2026 was 76.71, a 20.16% increase from a year earlier, with the FY2025 full-year figure at 169.86, up 150.05% from the prior year.
  • Price to Earnings was 98.46 for Q2 2026 at Shopify, up from 266.1 in the prior quarter.
  • The five-year high for Price to Earnings was 731.83 in Q3 2025, with the low at 364.12 in Q1 2024.
  • Average Price to Earnings over 3 years is 119.46, with a median of 115.55 recorded in 2024.
  • The largest YoY upside for Price to Earnings was 485.35% in 2025 against a maximum downside of 66.83% in 2025.
  • Over 3 years, Price to Earnings stood at 106.07 in 2024, then surged by 165.32% to 281.42 in 2025, then sank by 65.01% to 98.46 in 2026.
  • The last three Price to Earnings figures came in at 98.46 (Q2 2026), 266.1 (Q1 2026), and 281.42 (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

Historic Data

Download Data
DateValue
Jun 30, 2026 98.46
Mar 31, 2026 -266.10
Dec 31, 2025 281.42
Sep 30, 2025 731.83
Jun 30, 2025 165.23
Mar 31, 2025 -181.35
Dec 31, 2024 106.07
Sep 30, 2024 125.02
Jun 30, 2024 498.19
Mar 31, 2024 -364.12