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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |