Shopify (SHOP) Price to Sales (2024 - 2026)
Shopify's Price to Sales came in at 13.47 for Q3 2026, down 25.4% from 18.06 a year earlier but up 20.9% from the prior quarter.
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Analysis
Shopify (SHOP) Price to Sales (2024 - 2026) Analysis & Trends
For FY2025, Shopify's Price to Sales was 18.09, up 17.2% from FY2024.
- Price to Sales has increased in each of the last three years.
- Going back by year, Price to Sales was 15.44 in FY2024 (+9.2%), 14.14 in FY2023 (+80.2%), 7.85 in FY2022 (-79.1%) and 37.60 in FY2021 (-20.6%).
- The five-year range for quarterly Price to Sales is 11.15 (Q2 2026) to 18.09 (Q4 2025).
- Year-over-year, Price to Sales has declined for three consecutive quarters, with an average decline of 9.7% over the last four quarters.
- Business Quant data shows SHOP's Price to Sales at 11.15 (Q2 2026), 12.50 (Q1 2026) and 18.09 (Q4 2025) in the three quarters before Q3 2026.
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 | 13.47 |
| Jun 30, 2026 | 11.15 |
| Mar 31, 2026 | 12.50 |
| Dec 31, 2025 | 18.09 |
| Sep 30, 2025 | 18.06 |
| Jun 30, 2025 | 14.95 |
| Mar 31, 2025 | 13.19 |
| Dec 31, 2024 | 15.44 |
API Access
Shopify Price to Sales 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-sales&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();