About Shopify Inc. (SHOP)
Shopify Inc. is a Software - Application company operating in the Technology sector. The company is headquartered in Ottawa, Canada. SHOP has been publicly traded since 2015, giving it 11+ years of trading history.
Shopify Inc. (SHOP) has been publicly traded since 2015, making it a 11-year-old public company. It operates in the Software - Application industry within the Technology sector. The company is headquartered in Ottawa, Canada and employs approximately 7,600 people. With a market capitalization of C$221 billion, SHOP is one of the largest publicly traded companies.
SHOP trades on the Toronto Stock Exchange and is classified as a mega-cap-cap stock with a market capitalization of approximately C$221 billion. The company employs approximately 7,600 people worldwide.
Key Statistics
- Current Price
- C$168.83
- Market Cap
- C$221.20B
- 52-Week High
- C$253.10
- 52-Week Low
- C$99.32
- Sector
- Technology
- Industry
- Software - Application
SHOP Investment Performance
SHOP has declined 23.6% year-to-date in 2026. Over the past 5 years, a C$1,000 investment in SHOP would have grown to C$1,218, representing a 21.8% total return. Since its IPO in 2015, a C$1,000 investment would now be worth C$50,387.
C$1,000 Invested in Shopify Inc. (SHOP)
How much would C$1,000 invested in SHOP be worth today?
What would C$1,000 invested in SHOP 1 year ago be worth today?
A C$1,000 investment in Shopify Inc. (SHOP) in 2025 would be worth C$1,234 as of March 2026, representing a +23.4% total return.
What would C$1,000 invested in SHOP 3 years ago be worth today?
A C$1,000 investment in Shopify Inc. (SHOP) in 2023 would be worth C$2,607 as of March 2026, representing a +160.7% total return.
What would C$1,000 invested in SHOP 5 years ago be worth today?
A C$1,000 investment in Shopify Inc. (SHOP) in 2021 would be worth C$1,218 as of March 2026, representing a +21.8% total return.
What would C$1,000 invested in SHOP 10 years ago be worth today?
A C$1,000 investment in Shopify Inc. (SHOP) in 2016 would be worth C$45,998 as of March 2026, representing a +4499.8% total return.
What would C$1,000 invested in SHOP at IPO be worth today?
A C$1,000 investment in Shopify Inc. (SHOP) at IPO would be worth C$50,387 as of March 2026, representing a +4938.7% total return.
Monthly Returns Heatmap
Over the past 10+ years (130 months), Shopify Inc. (SHOP) has averaged a monthly return of +4.13% with a median return of +3.75%. The stock had 83 positive months (64%) and 47 negative months (36%). The best month in SHOP's history was November 2023 with a +50.9% return, while the worst was April 2022 at -35.0%. Historically, November tends to be the strongest month (averaging +12.8%), and December the weakest (-1.6%).
SHOP's longest winning streak was 8 consecutive months of gains, while its longest losing streak was 7 consecutive months of losses. The best full year was 2020 with a cumulative return of +119.1%, and the worst was 2022 at -103.1%.
Annual Returns
Over 11 years of trading history, Shopify Inc. (SHOP) has delivered an average annual return of +65.41% with a median return of +48.52%. The compound annual growth rate (CAGR) is +42.02%. The stock posted gains in 9 years (82%) and losses in 2 years (18%).
SHOP's best year was 2020 with a +178.39% gain, while the worst was 2022 at -73.01%. The longest streak of consecutive positive years was 6, and the longest losing streak was 1 years. SHOP achieved double-digit gains (10%+) in 9 years. It suffered double-digit losses in 2 years.
| Year | Return | Start | End |
|---|---|---|---|
| 2026 | -23.61% | C$221.00 | C$168.83 |
| 2025 | +44.45% | C$152.99 | C$221.00 |
| 2024 | +48.30% | C$103.16 | C$152.99 |
| 2023 | +119.44% | C$47.01 | C$103.16 |
| 2022 | -73.01% | C$174.17 | C$47.01 |
| 2021 | +21.18% | C$143.73 | C$174.17 |
| 2020 | +178.39% | C$51.63 | C$143.73 |
| 2019 | +173.48% | C$18.88 | C$51.63 |
| 2018 | +48.52% | C$12.71 | C$18.88 |
| 2017 | +120.29% | C$5.77 | C$12.71 |
| 2016 | +62.08% | C$3.56 | C$5.77 |
SHOP Investment Analysis: Valuation, Risk & Dividends
Key factors to consider when evaluating Shopify Inc. as an investment
Valuation
SHOP currently trades at a trailing P/E ratio of 131.9, which is considered high relative to the broader market. The forward P/E of 53.1 suggests analysts expect earnings to be lower in the coming year. The price-to-book ratio stands at 11.8. The price-to-sales ratio is 19.1.
Dividends
Shopify Inc. does not currently pay a dividend, choosing to reinvest earnings back into the business for growth.
Risk & Volatility
SHOP has a beta of 2.90, indicating it is significantly more volatile than the overall market. The stock's 52-week range is C$99.32 to C$253.10, and it currently trades in the lower half of its 52-week range.
Analyst Ratings
Based on 4 analyst opinions, SHOP has a consensus "buy" rating. The average price target of C$190.38 suggests 12.8% upside from current levels.
Frequently Asked Questions: SHOP
What sector is SHOP in? ▼
SHOP operates in the Technology sector, specifically in the Software - Application industry. This sector includes companies involved in software, hardware, semiconductors, and IT services.
How has SHOP performed historically? ▼
Over 11 years of trading history, SHOP has posted gains in 9 years (82% of the time). The best year was 2020 with a +178.4% return. Past performance does not guarantee future results.
How can I invest in SHOP? ▼
You can invest in SHOP through any brokerage account that offers access to the Toronto Stock Exchange. Popular options include commission-free brokers like Fidelity, Charles Schwab, or Robinhood (US), or international brokers like Interactive Brokers. You can buy individual shares or invest through ETFs that hold SHOP.
Does SHOP pay dividends? ▼
Shopify Inc. does not currently pay a dividend, choosing to reinvest earnings back into the business for growth.
What does Shopify Inc. do? ▼
Shopify Inc. is a Software - Application company operating in the Technology sector. The company is headquartered in Ottawa, Canada.
What sector is SHOP in? ▼
SHOP operates in the Technology sector, specifically in the Software - Application industry.
When did SHOP go public? ▼
Shopify Inc. went public in 2015, making it a 11-year-old public company as of 2026.
How much would C$1,000 invested in SHOP 5 years ago be worth today? ▼
A C$1,000 investment in SHOP five years ago would be worth approximately C$1,218 today, representing a 21.8% return.
How much would C$1,000 invested in SHOP 10 years ago be worth today? ▼
A C$1,000 investment in SHOP ten years ago would be worth approximately C$45,998 today, representing a 4499.8% total return over the decade.
What is SHOP's 3-year return? ▼
Over the past 3 years, SHOP has returned 160.7%. A C$1,000 investment would have grown to C$2,607.
How much would C$1,000 invested in SHOP at IPO be worth today? ▼
If you invested C$1,000 in SHOP at its IPO in 2015, it would be worth approximately C$50,387 today, a 4,938.7% return over 11 years.
Does SHOP pay dividends? ▼
No, Shopify Inc. does not currently pay a dividend. The company reinvests its earnings into growth.
What is SHOP's market cap? ▼
Shopify Inc. has a market capitalization of C$221 billion, classifying it as a mega-cap company.
What is SHOP's P/E ratio? ▼
SHOP has a trailing P/E ratio of 131.9 and a forward P/E of 53.1, which measures how much investors are paying per dollar of earnings.
Is SHOP a buy, hold, or sell? ▼
Based on 4 opinions, SHOP has a consensus "buy" rating. The average price target is C$190.38.
Last updated: 3/15/2026