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.
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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 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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();