Shopify (SHOP) Return on Equity [ROE] (2024 - 2026)
Shopify (SHOP) reported Return on Equity [ROE] of 15.31% for Q2 2026, down 4.93 percentage points from 20.24% a year earlier but up 5.05 percentage points from the prior quarter.
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Analysis
Shopify (SHOP) Return on Equity [ROE] (2024 - 2026) Analysis & Trends
For FY2025, Shopify posted Return on Equity [ROE] of 9.84%, down 9.74 percentage points from FY2024.
- Return on Equity [ROE] has a five-year change of +3.05 percentage points (FY2020 to FY2025).
- By year, Return on Equity [ROE] came in at 19.58% in FY2024 (+18.05 pp), 1.53% in FY2023 (+37.25 pp), -35.72% in FY2022 (-68.97 pp) and 33.25% in FY2021 (+26.46 pp).
- Five-year quarterly Return on Equity [ROE] spans a low of 9.48% in Q4 2025 and a high of 20.24% in Q2 2025.
- Year over year, Return on Equity [ROE] has now declined in each of the last three quarters.
- Per Business Quant data, the three quarters before Q2 2026 came in at 10.26% (Q1 2026), 9.48% (Q4 2025) and 14.46% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,248.48 Bn | 4,006.00 Bn | 73.85 Bn | 43.64% |
| 2 | Meta Platforms | 1,873.50 Bn | 1,576.02 Bn | 49.47 Bn | 26.97% |
| 3 | Netflix | 304.25 Bn | 264.45 Bn | 6.52 Bn | 44.55% |
| 4 | Alibaba Group Holding | 257.83 Bn | 71.60 Bn | 15.11 Bn | 6.20% |
| 5 | Shopify | 230.63 Bn | 207.82 Bn | 1.71 Bn | 15.31% |
| 6 | Uber Technologies | 145.10 Bn | 116.90 Bn | 6.38 Bn | 35.90% |
| 7 | Booking Holdings | 127.39 Bn | 60.44 Bn | - | - |
| 8 | PDD Holdings | 115.26 Bn | -128.52 Bn | 9.45 Bn | 21.12% |
| 9 | Spotify Technology | 109.42 Bn | 66.92 Bn | 1.86 Bn | 41.53% |
| 10 | Airbnb | 103.26 Bn | 56.49 Bn | 2.98 Bn | 34.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.31% |
| Mar 31, 2026 | 10.26% |
| Dec 31, 2025 | 9.48% |
| Sep 30, 2025 | 14.46% |
| Jun 30, 2025 | 20.24% |
| Mar 31, 2025 | 14.24% |
| Dec 31, 2024 | 18.63% |
API Access
Shopify Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();