SHOP.TO
Shopify Inc.
TorontoCADEQUITY
Technology
DELAYED
Last price
205.63
▲ 2.26 (1.11%)
MARKET · —
Price
Open
203.83
Prev close
203.37
Day high
205.83
Day low
199.60
Volume
1.29M
Market cap
$266.84B
P/E (TTM)
102.30
52W range
129.01 – 253.10
Trailing performance
Returnvs SPY
1W
-4.07%
-2.7%
1M
+23.22%
+19.5%
3M
+44.30%
+41.2%
6M
+18.94%
+7.9%
YTD
-6.95%
-19.2%
1Y
+7.98%
-12.0%
3Y
+185.36%
+111.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$266.84B
Enterprise value$259.80B
Revenue (TTM)$13.27B
Gross profit$6.34B
EBITDA$2.40B
Net income$1.93B
EPS (TTM)$2.01
Free cash flow$1.59B
Total cash$4.95B
Total debt$178.00M
Book value / share$13.66
Shares outstanding1.22B
Float1.21B
Short % of float0.62%
Dividend yield—
Beta (5Y)2.59
Valuation & profitability ratios
Trailing P/E102.30
Forward P/E60.87
PEG ratio2.89
Price / sales—
Price / book15.06
EV / revenue19.58
EV / EBITDA108.48
Gross margin47.77%
Operating margin17.55%
Profit margin14.53%
Return on equity15.54%
Return on assets10.19%
Debt / equity1.40
Current ratio5.35
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $11.56B | $8.88B | $7.06B | $5.60B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $1.23B | $2.02B | $132.00M | -$3.46B |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $1.23B | $2.02B | $132.00M | -$3.46B |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.40 | 0.42 | +5.2% |
| Mar 2026 | 0.33 | 0.36 | +8.5% |
| Dec 2025 | 0.51 | 0.48 | -5.8% |
| Sep 2025 | 0.34 | 0.34 | -0.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.46 | 32 | $3.74B | +31.5% |
| Next quarter | 0.65 | 29 | $4.74B | +29.1% |
| Current year | 1.90 | 37 | $15.23B | +31.8% |
| Next year | 2.45 | 38 | $19.11B | +25.5% |
Analyst targets & ownership
Mean target$229.22
High target$255.28
Low target$200.30
Implied upside11.47%
Analyst count3
ConsensusBUY
Strong buy / Buy11 / 29
Hold11
Sell / Strong sell1 / 0
Held by insiders0.23%
Held by institutions73.25%
Institutions holding2.35K
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
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
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 19, 26 | Lutke (Tobias Albin) Director of Issuer |
BUY | 33.75K | $4.97M | Indirect |
| Aug 19, 26 | Lutke (Tobias Albin) Director of Issuer |
BUY | 6.75K | $994.03K | Indirect |
| Aug 14, 26 | Finkelstein (Harley Michael) Senior Officer of Issuer |
EXERCISE | 3.00K | $139.68K | Direct |
| Aug 14, 26 | Finkelstein (Harley Michael) Senior Officer of Issuer |
EXERCISE | 3.00K | $139.68K | Direct |
| Aug 14, 26 | Finkelstein (Harley Michael) Senior Officer of Issuer |
EXERCISE | 5.00K | $232.80K | Direct |
| Aug 14, 26 | Finkelstein (Harley Michael) Senior Officer of Issuer |
BUY | 3.00K | $473.84K | Direct |
| Aug 14, 26 | Finkelstein (Harley Michael) Senior Officer of Issuer |
BUY | 3.00K | $473.84K | Direct |
| Aug 14, 26 | Finkelstein (Harley Michael) Senior Officer of Issuer |
BUY | 5.00K | $792.55K | Direct |
| Aug 12, 26 | Lutke (Tobias Albin) Director of Issuer |
BUY | 33.75K | $5.07M | Indirect |
| Aug 12, 26 | Lutke (Tobias Albin) Director of Issuer |
BUY | 6.75K | $1.01M | Indirect |
| Aug 6, 26 | Niehaus (Jean) Senior Officer of Issuer |
SELL | 3.44K | $504.56K | Direct |
| Aug 5, 26 | Lutke (Tobias Albin) Director of Issuer |
BUY | 33.75K | $4.91M | Indirect |
| Aug 5, 26 | Lutke (Tobias Albin) Director of Issuer |
BUY | 6.75K | $982.66K | Indirect |
| Aug 5, 26 | Finkelstein (Harley Michael) Senior Officer of Issuer |
BUY | 10.94K | $1.64M | 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.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Cheng Meservey (Lulu) |
Director of Issuer | 10.79K | Exercise of rights |
Finkelstein (Harley Michael) |
Senior Officer of Issuer | 7.95K | Exercise of options |
Goodman (Gail Faye) |
Director of Issuer | 76.82K | Exercise of rights |
Hertz (Jessica) |
Senior Officer of Issuer | 37.25K | Exercise of rights |
Hoffmeister (Jeff) |
Senior Officer of Issuer | 83.22K | 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 |
Nejatian (Kasra) |
Senior Officer of Issuer | 126.87K | Exercise of rights |
Shopify Inc |
Issuer | 230.29K | Redemption, retraction, cancelation, repurchase |
Simo (Fidji) |
Director of Issuer | 17.55K | Exercise of rights |
Moving averages & technicals
SMA 10
209.54
-1.87% from price
SMA 20
196.48
+4.66% from price
SMA 50
177.56
+15.81% from price
SMA 100
167.95
+22.44% from price
SMA 200
182.21
+12.85% from price
EMA 12
203.46
+1.06% from price
EMA 26
194.13
+5.92% from price
EMA 50
183.63
+11.98% from price
RSI (14)
58.7
Neutral
MACD (12,26,9)
9.33
Hist -0.85
ATR (14)
10.16
4.94% of price
Realised vol 30D
69.3%
Annualised
Bollinger upper
232.75
20, 2σ
Bollinger lower
160.21
20, 2σ
50 / 200 cross
Death
177.56 vs 182.21
Trend bias
Above 200
+12.85%
Risk profile
Beta vs SPY
1.39
More volatile than market
Correlation to SPY
0.32
Loosely linked
Realised vol 30D
69.3%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-47.7%
Peak to trough
Max drawdown 5Y
-83.5%
Peak to trough
ATR 14
10.16
4.94% of price
Beta (reported)
2.59
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
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.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
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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.