SHOP

Shopify Inc.
NasdaqGSUSDEQUITY Technology DELAYED
Last price
164.10
▲ 3.99 (2.49%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
160.48
Prev close
160.11
Day high
166.28
Day low
163.10
Volume
9.78M
Market cap
$213.39B
P/E (TTM)
108.18
52W range
94.00 – 182.19

Day trading desk

Current session · delayed
Gap from prior close
+0.23%
Prior close 160.11
VWAP
164.76
-0.40% from price
Relative volume
2.03×
Unusually busy
Session range
4.69%
160.18 – 167.69
Position in range
52%
Mid range
ATR (14D)
7.19
4.38% of price
Prior day high
162.99
PDH
Prior day low
151.70
PDL
Bid / ask spread
—
Quote not published
Session volume
19.17M
Avg 9.43M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+10.91% +9.0%
1M
+13.34% +12.2%
3M
+37.93% +33.4%
6M
+40.47% +22.3%
YTD
+2.16% -12.1%
1Y
+2.05% -14.4%
3Y
+201.34% +119.1%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on SHOP open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
3.00M
Total on file

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 30, 26
Lutke (Tobias Albin)
Director of Issuer
BUY 33.75K $5.05M Indirect
Sep 30, 26
Lutke (Tobias Albin)
Director of Issuer
BUY 6.75K $1.01M Indirect
Sep 28, 26
Hertz (Jessica)
Senior Officer of Issuer
SELL 407 $56.29K Direct
Sep 28, 26
Hertz (Jessica)
Senior Officer of Issuer
— 1.64K — Direct
Sep 28, 26
Hertz (Jessica)
Senior Officer of Issuer
SELL 907 $125.44K Direct
Sep 28, 26
Hoffmeister (Jeff)
Senior Officer of Issuer
— 4.16K — Direct
Sep 28, 26
Hoffmeister (Jeff)
Senior Officer of Issuer
SELL 1.99K $274.68K Direct
Sep 28, 26
Niehaus (Jean)
Senior Officer of Issuer
— 1.10K — Direct
Sep 28, 26
Niehaus (Jean)
Senior Officer of Issuer
SELL 494 $68.32K Direct
Sep 28, 26
Finkelstein (Harley Michael)
Senior Officer of Issuer
— 3.38K — Direct
Sep 28, 26
Finkelstein (Harley Michael)
Senior Officer of Issuer
SELL 1.71K $235.95K Direct
Sep 28, 26
Hertz (Jessica)
Senior Officer of Issuer
— 5.07K — Direct
Sep 28, 26
Hertz (Jessica)
Senior Officer of Issuer
SELL 2.80K $386.71K Direct
Sep 28, 26
Hertz (Jessica)
Senior Officer of Issuer
— 738 — Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
Cheng Meservey (Lulu)
Director of Issuer 11.31K Exercise of rights
Finkelstein (Harley Michael)
Senior Officer of Issuer 8.66K Exercise of rights
Goodman (Gail Faye)
Director of Issuer 76.82K Exercise of rights
Hertz (Jessica)
Senior Officer of Issuer 31.97K Acquisition or disposition in the public market
Hoffmeister (Jeff)
Senior Officer of Issuer 76.03K Exercise of rights
Lutke (Tobias Albin)
Director of Issuer — Acquisition or disposition under a purchase/ownership plan
Mahendra-Rajah (Prashanth)
Director of Issuer 10.99K Exercise of rights
Scott (James Kevin)
Director of Issuer 5.94K Exercise of rights
Shopify Inc
Issuer 21.23K Redemption, retraction, cancelation, repurchase
Simo (Fidji)
Director of Issuer 17.55K Exercise of rights

Fundamentals

TTM · reported
Market cap$213.39B
Enterprise value$206.81B
Revenue (TTM)$13.27B
Gross profit$6.34B
EBITDA$2.40B
Net income$1.93B
EPS (TTM)$1.52
Free cash flow$1.59B
Total cash$4.95B
Total debt$178.00M
Book value / share$9.84
Shares outstanding1.22B
Float1.21B
Short % of float1.36%
Dividend yield0.00%
Beta (5Y)2.63

Valuation & profitability ratios

Account required
Trailing P/E108.18
Forward P/E67.09
PEG ratio1.73
Price / sales—
Price / book16.71
EV / revenue15.59
EV / EBITDA86.35
Gross margin47.77%
Operating margin17.55%
Profit margin14.53%
Return on equity15.54%
Return on assets10.19%
Debt / equity1.40
Current ratio5.35
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 5 years · 6 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $11.56B$8.88B$7.06B$5.60B +30.1%
Operating revenue $11.56B$8.88B$7.06B$5.60B +30.1%
Cost of revenue $6.00B$4.41B$3.54B$2.85B +36.1%
Gross profit $5.55B$4.47B$3.52B$2.75B +24.2%
Research & development $1.54B$1.37B$1.73B$1.50B +12.4%
Selling, general & admin $2.13B$1.80B$1.71B$1.94B +18.4%
Total operating expense $3.67B$3.17B$3.44B$3.44B +15.8%
Operating income $1.89B$1.30B$74.00M-$687.00M +44.8%
Net interest income $331.00M$308.00M$241.00M$75.00M +7.5%
Pre-tax income $1.51B$2.23B$185.00M-$3.62B -32.3%
Tax provision $278.00M$209.00M$53.00M-$163.00M +33.0%
Net income $1.23B$2.02B$132.00M-$3.46B -39.0%
Net income to common $1.23B$2.02B$132.00M-$3.46B -39.0%
Basic EPS 0.941.560.10-2.73 -39.5%
Diluted EPS 0.941.560.10-2.73 -39.5%
EBIT $1.89B$1.30B$74.00M-$687.00M +44.8%
EBITDA $1.92B$1.34B$144.00M-$594.00M +43.2%
Basic shares 1.30B1.29B1.28B1.27B +0.7%
Diluted shares 1.30B1.29B1.30B1.27B +0.7%

Options analytics

Account required
Put / call volume
1.10
Put-heavy session
Put / call open interest
1.02
Positioning, not flow
Max pain
149.00
-9.4% from spot
ATM implied vol
54.7%
Nearest strike to spot
Skew (10% OTM)
+1.2%
Puts bid over calls
Call volume
8.44K
Contracts, this expiry
Put volume
9.28K
Contracts, this expiry
Heaviest call OI
157.50
2.98K contracts
Heaviest put OI
142.00
4.40K contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.400.42 +5.1%
Mar 2026 0.330.36 +8.6%
Dec 2025 0.510.48 -5.7%
Sep 2025 0.340.34 +0.6%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.46 33 $3.74B +31.6%
Next quarter 0.65 30 $4.75B +29.4%
Current year 1.91 40 $15.25B +31.9%
Next year 2.45 39 $19.19B +25.9%

Analyst targets & ownership

Account required
Mean target$173.08
High target$220.00
Low target$120.00
Implied upside5.48%
Analyst count48
ConsensusBUY
Strong buy / Buy11 / 31
Hold11
Sell / Strong sell1 / 0
Held by insiders0.23%
Held by institutions73.19%
Institutions holding2.36K
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
149.53
+9.74% from price
SMA 20
140.70
+16.87% from price
SMA 50
142.42
+15.46% from price
SMA 100
128.27
+27.93% from price
SMA 200
129.55
+26.93% from price
EMA 12
149.58
+9.71% from price
EMA 26
144.73
+13.38% from price
EMA 50
140.23
+17.02% from price
RSI (14)
70.3
Overbought
MACD (12,26,9)
4.84
Hist 2.64
ATR (14)
7.19
4.37% of price
Realised vol 30D
55.1%
Annualised
Bollinger upper
162.80
20, 2σ
Bollinger lower
118.60
20, 2σ
50 / 200 cross
Golden
142.42 vs 129.55
Trend bias
Above 200
+26.93%

Options chain

Account required
Expiry
Spot 164.10
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
1.89
More volatile than market
Correlation to SPY
0.42
Loosely linked
Realised vol 30D
55.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-46.7%
Peak to trough
Max drawdown 5Y
-84.8%
Peak to trough
ATR 14
7.19
4.37% of price
Beta (reported)
2.63
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
16.45M
Prior 15.39M
Change vs prior
+6.9%
Shorts adding
% of float
1.36%
Normal
% of shares out
1.28%
Against total outstanding
Days to cover
2.1
Liquid
Float
1.21B
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

558 on file
DateFirm ActionFromTo
Oct 6, 26 JP Morgan MAINTAINED Overweight Overweight
Sep 23, 26 Wedbush MAINTAINED Outperform Outperform
Sep 11, 26 Bernstein INITIATED — Outperform
Sep 8, 26 Piper Sandler MAINTAINED Overweight Overweight
Aug 20, 26 Rosenblatt INITIATED — Buy
Aug 7, 26 Wells Fargo MAINTAINED Overweight Overweight
Aug 6, 26 Canaccord Genuity MAINTAINED Buy Buy
Aug 6, 26 DA Davidson MAINTAINED Buy Buy
Aug 6, 26 UBS MAINTAINED Neutral Neutral
Aug 6, 26 RBC Capital MAINTAINED Outperform Outperform
Aug 6, 26 Truist Securities MAINTAINED Buy Buy
Aug 6, 26 Wedbush MAINTAINED Outperform Outperform

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split10:1
Split dateJun 29, 2022

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.