Shopify (SHOP) Price to Earnings (2024 - 2026)
Shopify's (SHOP) Price to Earnings was 89.77 for Q3 2026, down 17.3% from 108.48 a year earlier but up 17.0% from the prior quarter.
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Analysis
Shopify (SHOP) Price to Earnings (2024 - 2026) Analysis & Trends
For FY2025, Price to Earnings at Shopify was 169.86, up 150.1% from FY2024.
- By year, Price to Earnings came in at 67.93 in FY2024 (-91.0%), 756.31 in FY2023 and 59.50 in FY2021 (-86.3%).
- Five-year quarterly Price to Earnings spans a low of 63.84 in Q2 2025 and a high of 169.86 in Q4 2025.
- Year over year, Price to Earnings gained in three of the last four quarters, with growth averaging 51.0%.
- Per Business Quant data, the three quarters before Q3 2026 came in at 76.71 (Q2 2026), 116.07 (Q1 2026) and 169.86 (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 | 89.77 |
| Jun 30, 2026 | 76.71 |
| Mar 31, 2026 | 116.07 |
| Dec 31, 2025 | 169.86 |
| Sep 30, 2025 | 108.48 |
| Jun 30, 2025 | 63.84 |
| Mar 31, 2025 | 76.82 |
| Dec 31, 2024 | 67.93 |
API Access
Shopify Price to Earnings 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=price-to-earnings&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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=price-to-earnings&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();