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.
Powered by 
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 | 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 | 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();