Shopify (SHOP) Price to Sales (2024 - 2026)
Shopify (SHOP) posted Price to Sales of 41.27 for Q2 2026, down 15.37% on a QoQ basis from 48.77 in Q1 2026, and down 26.11% year-over-year from 55.86 in Q2 2025.
Analysis
Shopify (SHOP) Price to Sales (2024 - 2026) Analysis & Trends
Shopify has reported Price to Sales for 3 years, with the latest figure at 41.27 in Q2 2026.
- On a quarterly basis, Price to Sales fell 26.11% year-over-year to 41.27 in Q2 2026; TTM through Jun 2026 was 11.15, a 25.44% decrease from a year earlier, with the FY2025 full-year figure at 18.09, up 17.16% from the prior year.
- Price to Sales was 41.27 for Q2 2026 at Shopify, down from 48.77 in the prior quarter.
- The five-year high for Price to Sales was 67.93 in Q3 2025, with the low at 41.27 in Q2 2026.
- Average Price to Sales over 3 years is 51.49, with a median of 50.59 recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Price to Sales soared 41.88% in 2025, then decreased 26.11% in 2026.
- Over 3 years, Price to Sales stood at 48.77 in 2024, then gained by 16.75% to 56.94 in 2025, then retreated by 27.51% to 41.27 in 2026.
- The last three Price to Sales figures came in at 41.27 (Q2 2026), 48.77 (Q1 2026), and 56.94 (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 | 41.27 |
| Mar 31, 2026 | 48.77 |
| Dec 31, 2025 | 56.94 |
| Sep 30, 2025 | 67.93 |
| Jun 30, 2025 | 55.86 |
| Mar 31, 2025 | 52.41 |
| Dec 31, 2024 | 48.77 |
| Sep 30, 2024 | 47.88 |
| Jun 30, 2024 | 41.66 |
| Mar 31, 2024 | 53.41 |