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Shopify Inc (NASDAQ:SHOP)

112.94 USD

-4.070 3.478%
Last Updated at: 2026-06-03T20:28:00Z

Shopify Inc

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

151 O'Connor Street, Ottawa, ON, Canada, K2P 2L8

613 241 2828

https://www.shopify.com

Employees: 11600

Key Executives

Sr. No. Name Title Year Born
1. Mr. Jeff J. Hoffmeister CPA Chief Financial Officer NA
2. Mr. Tobias Lütke Founder, Chairman & CEO 1981
3. Mr. Harley Finkelstein Pres 1983
4. Mr. Allan Leinwand Chief Technology Officer 1967
5. Mr. Toby Shannan Special Advisor 1970
6. Mr. Kaz Nejatian VP of Product & COO NA
7. Katie Keita Sr. Director of Investor Relations NA
8. Ms. Jessica R. Hertz Gen. Counsel & Corp. Sec. NA
9. Ms. Brittany Forsyth Chief Talent Officer 1987
10. Ms. Bharati Balakrishnan Country Head & Director- India NA

Peers

Sector: Technology

Industry: Software - Application

Company Change (USD) Price (USD) Trailing PE(x) Forward PE(x) Price Sales TTM(x) Price to Book Value(x) Enterprise Value to Revenue(x) Enterprise Value to EBITDA(x)
SAPGF

SAP SE

 -8.990 4.747% 182 76.280 22.883 5.613 3.839 5.589 26.175
SAP

SAP SE ADR

 -10.150 5.319% 185.14 75.800 22.371 5.616 3.748 5.507 25.790
CRM

Salesforce.com Inc

 -10.230 5.094% 197.27 23.990 14.144 4.159 2.576 3.853 12.750
INTU

Intuit Inc

 -10.700 3.322% 319.52 55.560 32.680 11.285 10.074 11.617 40.107

Income Statement

(Currency in USD)
Breakdown 31-12-2022 31-12-2021 31-12-2020 31-12-2019 31-12-2018
Income Before Tax -3622.848M 3140.592M 240.364M -95.815M -64.553M
Minority Interest - - - - -
Net Income -3460.418M 2914.659M 319.509M -124.842M -64.553M
Selling General Administrative 707.765M 374.844M 245.343M 178.934M 107.444M
Gross Profit 2754.119M 2481.144M 1541.52M 865.643M 596.267M
Reconciled Depreciation 90.52M 66.308M 70.06M 35.651M 27.052M
Ebit -822.299M 268.643M 90.153M -141.147M -89.851M
Ebitda -731.779M 334.951M 160.213M -105.496M -62.799M
Depreciation And Amortization 90.52M 66.308M 70.06M 35.651M 27.052M
Operating Income -822.299M 268.643M 90.153M -141.147M -91.92M
Other Operating Expenses 6422.163M 4343.213M 2839.338M 1719.32M 1165.149M
Interest Expense 1.15M 1.15M 8.575M 45.332M 0M
Tax Provision -162.43M 225.933M -79.145M 29.027M -
Interest Income 2800.549M 15.356M 23.434M 48.182M 29.436M
Net Interest Income 75.642M 11.863M 14.349M 48.182M 29.436M
Income Tax Expense -162.43M 225.933M -79.145M 29.027M 27.367M
Total Revenue 5599.864M 4611.856M 2929.491M 1578.173M 1073.229M
Total Operating Expenses 3576.418M 2212.501M 1451.367M 1006.79M 688.187M
Cost Of Revenue 2845.745M 2130.712M 1387.971M 712.53M 476.962M
Total Other Income Expense Net -2800.549M 2871.949M 150.211M 45.332M -2.069M
Net Income From Continuing Ops -3460.418M 2914.659M 319.509M -124.842M -64.553M
Net Income Applicable To Common Shares -3460.418M 2914.659M 319.509M -124.842M -64.553M

Balance Sheet

(Currency in USD)
Breakdown 31-12-2022 31-12-2021 31-12-2020 31-12-2019 31-12-2018
Total Assets 10757.151M 13340.172M 7762.905M 3489.479M 2254.785M
Intangible Assets 390.148M 138.496M 135.676M 167.282M 26.072M
Other Current Assets 139.659M 103.273M 68.247M 48.833M 3.681M
Total Liab 2518.262M 2206.831M 1362.182M 473.745M 164.017M
Total Stockholder Equity 8238.889M 11133.341M 6400.723M 3015.734M 2090.768M
Other Current Liab 9.39M 13.505M 19.677M 69.432M 35.685M
Common Stock 8747.432M 8040.099M 6115.232M 3256.284M 2215.936M
Capital Stock 8747.432M 8040.099M 6115.232M 3256.284M 2215.936M
Retained Earnings -522.276M 2938.142M 15.285M -304.224M -187.757M
Good Will 1836.282M 356.528M 311.865M 311.865M 38.019M
Other Assets 40.822M 48.369M 52.677M 19.432M -
Cash 1649.328M 2502.992M 2703.597M 649.916M 410.683M
Cash And Equivalents 1649.328M 2502.992M 2703.597M 649.916M 410.683M
Total Current Liabilities 856.008M 702.733M 438.332M 316.382M 138.688M
Current Deferred Revenue 295.888M 216.792M 107.809M 56.691M 39.18M
Net Debt -252.72M -1329.505M -1790.702M -498.209M -385.815M
Short Term Debt 18.161M 15.748M 10.051M 9.066M 2.552M
Short Long Term Debt - - - - -
Short Long Term Debt Total 1396.608M 1173.487M 912.895M 151.707M 24.868M
Other Stockholder Equity 30.206M 161.074M 261.436M 62.628M 74.589M
Property Plant Equipment 485.966M 301.914M 211.477M 246.172M 61.612M
Total Current Assets 6050.473M 8539.32M 6877.756M 2744.728M 2129.082M
Long Term Investments 1953.46M 3749.667M 173.454M - -
Short Term Investments 3403.622M 5265.101M 3684.37M 1805.278M 1558.987M
Net Receivables 857.864M 667.954M 421.542M 240.701M 133.22M
Long Term Debt 913.312M 910.963M 758.008M - -
Inventory - - - - 22.511M
Accounts Payable 532.569M 456.688M 300.795M 181.193M 61.271M
Accumulated Other Comprehensive Income -16.473M -5.974M 8.77M 1.046M -12.216M
Non Currrent Assets Other - 205.804M - 744.751M 125.703M
Non Current Assets Total 4706.678M 4800.852M 885.149M 744.751M 125.703M
Capital Lease Obligations 483.296M 262.524M 154.887M 151.707M 24.868M
Long Term Debt Total 913.312M 910.963M 758.008M 0M 0M

Cash Flow

(Currency in USD)
Breakdown 31-12-2022 31-12-2021 31-12-2020 31-12-2019 31-12-2018
Investments -718.567M -2237.375M -1931.848M -569.475M -810.633M
Total Cashflows From Investing Activities -718.567M -2347.79M -1931.848M -569.475M -810.633M
Total Cash From Financing Activities 17.549M 1649.762M 3557.35M 736.351M 1072.182M
Net Income -3460.418M 2914.659M 319.509M -124.842M -64.553M
Change In Cash -853.664M -200.605M 2053.681M 239.233M 269.006M
Begin Period Cash Flow 2502.992M 2703.597M 649.916M 410.683M 141.677M
End Period Cash Flow 1649.328M 2502.992M 2703.597M 649.916M 410.683M
Total Cash From Operating Activities -136.448M 504.428M 424.958M 70.615M 9.324M
Depreciation 90.52M 66.308M 70.06M 35.651M 27.052M
Other Cashflows From Investing Activities -668.549M -2297.002M -1889.853M -507.078M -769.088M
Dividends Paid - - - - -
Change To Inventory - - - - -
Sale Purchase Of Stock 17.549M 1649.762M 2649.4M 736.351M 1072.182M
Other Cashflows From Financing Activities 17.549M 108.594M 978.759M 48.337M 30.494M
Capital Expenditures 50.018M 50.788M 41.995M 62.397M 41.545M
Change In Working Capital -98.271M -160.924M -100.332M 20.175M -56.089M
Other Non Cash Items 2969.15M -2837.341M -69.221M 19.093M 7.194M
Free Cash Flow -186.466M 453.64M 382.963M 8.218M -32.221M

Funds

Sr. No. Name Purchased On Shares
1. American Funds Europacific Growth A 2 years ago 26311174
2. Capital Group EuroPacific Growth Comp 2 years ago 26311174
3. Capital Group Growth Fnd of Amer Comp 2 years ago 17657996
4. American Funds Growth Fund of Amer A 2 years ago 17657996
5. Vanguard Total Intl Stock Index Inv 2 years ago 15508974
6. JPMorgan Large Cap Growth I 2 years ago 14049616
7. JPM US Large Cap Growth-MA 2 years ago 14049616
8. Vanguard US Growth Investor 2 years ago 9912562
9. Vanguard Developed Markets Index Admiral 2 years ago 9253551
10. Baillie Gifford US Equity Growth 2 years ago 9206752
11. MS INVF Global Opportunity Z 2 years ago 8204555
12. Vanguard Instl Ttl Intl Stk Mkt Idx TrII 2 years ago 7381823
13. American Funds New Perspective A 2 years ago 7110668
14. Capital Group New Perspective Comp 2 years ago 7110668
15. Fidelity Canadian Growth Company Sr B 2 years ago 6287200
16. American Funds American Balanced A 2 years ago 6283000
17. Morgan Stanley Inst Growth I 2 years ago 6221284
18. Morgan Stanley Growth 2 years ago 6221284
19. Morgan Stanley Growth SMA 2 years ago 6221284
20. iShares S&P/TSX 60 ETF 2 years ago 6053853

Institutions

Sr. No. Name Purchased On Shares
1. Baillie Gifford & Co Limited. 2 years ago 62745009
2. Morgan Stanley - Brokerage Accounts 2 years ago 59647851
3. Capital Research Global Investors 2 years ago 42831636
4. Vanguard Group Inc 2 years ago 40926224
5. FMR Inc 2 years ago 36087450
6. T. Rowe Price Associates, Inc. 2 years ago 31996659
7. Capital World Investors 2 years ago 30635358
8. JPMorgan Chase & Co 2 years ago 29184000
9. Royal Bank of Canada 2 years ago 24324247
10. Sands Capital Management, LLC 2 years ago 15756715
11. Capital Research & Mgmt Co - Division 3 2 years ago 14450076
12. Loomis, Sayles & Company LP 2 years ago 13820391
13. Fidelity International Ltd 2 years ago 13064405
14. Franklin Resources Inc 2 years ago 13002842
15. Bank of Montreal 2 years ago 12977882
16. BMO Capital Markets Corp. 2 years ago 12977882
17. Wellington Management Company LLP 2 years ago 10915621
18. Bank of America Corp 2 years ago 9477462
19. Sumitomo Mitsui Trust Holdings Inc 2 years ago 8864651
20. Connor Clark & Lunn Inv Mgmt Ltd 2 years ago 8336604
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