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    Technology

  3. •

    Software - Application
Shopify Inc.

Shopify Inc.

SHOP.TO
Shopify Inc.CA flagToronto Stock Exchange
206.19
CAD
+4.22
- -
267.56BMarket Cap
Shopify Inc.
SHOP.TO
(Toronto Stock Exchange)

Recent

price

206.19

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.04
0.04
0.09
0.33
0.46
0.7
1.02
1.4
2.45
3.7
4.42
5.51
6.86
8.86
9.51
Revenue per Share
- -
- -
-0.02
-0.03
-0.04
-0.04
-0.06
-0.11
0.27
2.34
-2.73
0.1
1.56
0.94
1.02
Basic EPS, GAAP
- -
- -
-0.02
-0.01
-0.01
-0.02
-0.03
0.01
0.32
0.39
-0.15
0.71
1.23
1.54
1.63
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
-0.03
0.24
0.46
1
1.89
2.59
5.22
8.84
6.46
7.05
8.93
- -
9.61
Book Value per Share
- -
-0.01
-0.04
0.23
0.43
0.96
1.84
2.18
4.86
8.45
4.72
6.69
8.56
- -
9.21
Tangible Book Value per Share
661
1,196
1,196
617
840
958
1,057
1,130
1,196
1,247
1,266
1,282
1,295
1,304
1,301
Basic Weighted Avg Shares
24
50
105
205
389
673
1,073
1,578
2,929
4,612
5,600
7,060
8,880
11,556
12,366
Sales/Revenue/Turnover
-6.38
-8.5
-20.58
-8.65
-9.55
-7.3
-8.56
-7.35
4.85
7.6
-12.27
1.05
14.66
16.31
17.02
Operating Margin (%)
1
2
5
7
14
23
27
36
70
66
93
70
36
31
30
Depreciation Expense
-1
-5
-22
-19
-35
-40
-65
-125
320
2,915
-3,460
132
2,019
1,231
1,332
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
7.19
- -
28.65
9.38
18.42
19.03
Effective Tax Rate (%)
-5.2
-9.63
-21.24
-9.16
-9.08
-5.94
-6.01
-7.91
10.91
63.2
-61.79
1.87
22.74
10.65
10.77
Profit Margin (%)
- -
78
49
165
356
931
1,990
2,426
6,439
7,837
5,194
5,377
5,298
6,904
7,124
Working Capital
- -
- -
7
10
13
15
22
143
903
1,158
1,378
1,133
190
- -
163
LT Debt
- -
85
68
195
410
1,001
2,091
3,016
6,401
11,133
8,239
9,066
11,558
13,473
12,501
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
3.3
- -
0.53
10.21
11.56
13.71
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
29.72
- -
1.33
17.63
9.41
10.71
Return on Capital (%)
- -
- -
- -
- -
-11.67
-5.67
-4.18
-4.89
6.79
33.25
-35.72
1.53
19.58
9.84
11.31
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
939
17
16
LT Borrowings
- -
- -
- -
LT Finance Leases
176
171
163
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,301
1,304
1,301
Market Capitalization
193,180
209,840
154,357

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
8,705
8,296
8,495
Cash, Cash Equivalents & STI
6,349
5,767
5,743
Accounts Receivable, Net
79
421
99
Inventories
- -
21
- -
Total Current Liabilities
2,213
1,392
1,371
Payables & Accruals
974
906
1,034
ST Debt
939
17
16
Deferred Revenue
300
300
321

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
62.14%
20.41%
16.57%
Free Cash Flow
410.06%
-119.23%
25.67%
Net Income, GAAP
178.04%
376.04%
-39.03%
Sales/Revenue/Turnover
51.56%
32.17%
30.14%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,861
2,045
2,162
2,812
8,880
2025
2,360
2,680
2,844
3,672
11,556
2026
3,170
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.21
0.13
0.64
1
1.56
2025
-0.53
0.7
- -
0.57
0.94
2026
-0.45
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Shopify Inc. (SHOP.TO) operates as a leading global e-commerce platform that enables merchants to build online stores, manage point-of-sale systems, process payments and orders, and handle inventory and shipping worldwide; its core offerings include Shopify Basic, Shopify Advanced, and Shopify Plus for scalable enterprise solutions, Shopify POS for in-person retail integration, Shop Pay for accelerated one-click checkout, Shopify Payments for direct processing, Shopify Email and marketing automation tools, multichannel sales integrations with platforms like Amazon and social media, Shopify Shipping and Markets for international fulfillment, Shopify Capital for merchant financing, and an extensive App Store with over 16,000 third-party applications spanning marketing, analytics, inventory, and customer engagement categories such as Klaviyo and Printful. Founded in 2006 and headquartered in Ottawa, Ontario, Canada, the company serves over 5 million customers across industries from startups to global brands including Tesla, Nestle, and LVMH, with primary operations in North America (57% of 2024's $292.3 billion gross merchandise volume), Europe, Asia, and other regions through offices in cities like New York, Dublin, and Singapore. Recent developments include an expanded partnership with Global-e Online Ltd. in 2025 to enable Shop Pay's one-click checkout for international merchants, migration of all apps to React Native for cross-platform consistency, transition of its U.S. listing from NYSE to Nasdaq Global Select Market in March 2025 with inclusion in the Nasdaq-100 index in May, recognition of partners like Domaine as Platinum Tier in the redefined 2025 Partner Program, strong B2B growth exceeding 100% year-over-year and 42% international GMV expansion outside North America as of Q2 2025, and record-breaking $14.6 billion in Black Friday-Cyber Monday sales for merchants in late 2025 despite a brief service outage on Cyber Monday.