Shopify (SHOP) Return on Assets [ROA] (2025 - 2026)
Shopify (SHOP) reported Return on Assets [ROA] of 14.59% for Q3 2026, up 2.56 percentage points from 12.03% a year earlier and up 1.11 percentage points from the prior quarter.
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Analysis
Shopify (SHOP) Return on Assets [ROA] (2025 - 2026) Analysis & Trends
For FY2025, Shopify posted Return on Assets [ROA] of 8.46%, down 7.55 percentage points from FY2024.
- Return on Assets [ROA] has a five-year change of +2.78 percentage points (FY2020 to FY2025).
- By year, Return on Assets [ROA] came in at 16.01% in FY2024 (+14.81 pp), 1.20% in FY2023 (+29.91 pp), -28.72% in FY2022 (-56.34 pp) and 27.62% in FY2021 (+21.94 pp).
- The Q3 2026 figure ranks as the highest quarterly Return on Assets [ROA] since Q2 2025.
- Per Business Quant data, the three quarters before Q3 2026 came in at 13.49% (Q2 2026), 9.09% (Q1 2026) and 8.14% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,489.10 Bn | 3,224.00 Bn | 76.16 Bn | 24.48% |
| 2 | Meta Platforms | 1,585.66 Bn | 1,250.18 Bn | 51.23 Bn | 16.20% |
| 3 | Netflix | 264.21 Bn | 225.51 Bn | 6.80 Bn | 25.21% |
| 4 | Alibaba Group Holding | 252.44 Bn | 66.08 Bn | 15.16 Bn | 3.56% |
| 5 | Shopify | 189.80 Bn | 168.60 Bn | 1.78 Bn | 14.59% |
| 6 | Uber Technologies | 141.38 Bn | 112.20 Bn | 6.42 Bn | 5.24% |
| 7 | AppLovin | 126.18 Bn | 114.71 Bn | 1.94 Bn | 59.50% |
| 8 | Booking Holdings | 123.38 Bn | 57.13 Bn | - | 24.77% |
| 9 | Spotify Technology | 122.93 Bn | 79.85 Bn | 1.89 Bn | 21.55% |
| 10 | PDD Holdings | 117.05 Bn | -127.01 Bn | 9.48 Bn | 14.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.59% |
| Jun 30, 2026 | 13.49% |
| Mar 31, 2026 | 9.09% |
| Dec 31, 2025 | 8.14% |
| Sep 30, 2025 | 12.03% |
| Jun 30, 2025 | 16.77% |
| Mar 31, 2025 | 11.78% |
API Access
Shopify Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();