Shopify Inc
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, s… Read more
Market Cap & Net Worth: Shopify Inc (SHOP)
Shopify Inc (NYSE:SHOP) has a market capitalization of $196.94 Billion ($196.94 Billion) as of March 18, 2026. Listed on the NYSE stock exchange, this USA-based company holds position #75 globally and #61 in its home market, demonstrating a 1.09% increase in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Shopify Inc's stock price $161.08 by its total outstanding shares 1222600912 (1.22 Billion).
Shopify Inc Market Cap History: 2015 to 2025
Shopify Inc's market capitalization history from 2015 to 2025. Data shows growth from $3.15 Billion to $196.94 Billion (46.59% CAGR).
Index Memberships
Shopify Inc is a constituent of 2 market indices:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
ISE Cloud Computing
CPQ
|
$10.91 Trillion | 1.80% | #7 of 61 |
|
NASDAQ Composite
IXIC
|
$33.26 Trillion | 0.59% | #21 of 3165 |
Weight: Shopify Inc's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
Shopify Inc Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Shopify Inc's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
14.64x
Shopify Inc's market cap is 14.64 times its annual revenue
0.43x
Higher than industry averageLatest Price to Earnings (P/E) Ratio
64.39x
Shopify Inc's market cap is 64.39 times its annual earnings
8.78x
Higher than industry averageWhat These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2015 | $3.15 Billion | $205.23 Million | -$18.79 Million | 15.37x | N/A |
| 2016 | $5.24 Billion | $389.33 Million | -$35.35 Million | 13.46x | N/A |
| 2017 | $12.35 Billion | $673.30 Million | -$39.99 Million | 18.34x | N/A |
| 2018 | $16.93 Billion | $1.07 Billion | -$64.55 Million | 15.77x | N/A |
| 2019 | $48.61 Billion | $1.58 Billion | -$124.84 Million | 30.80x | N/A |
| 2020 | $138.39 Billion | $2.93 Billion | $319.51 Million | 47.24x | 433.14x |
| 2021 | $168.40 Billion | $4.61 Billion | $2.91 Billion | 36.51x | 57.78x |
| 2022 | $42.44 Billion | $5.60 Billion | -$3.46 Billion | 7.58x | N/A |
| 2023 | $95.24 Billion | $7.06 Billion | $132.00 Million | 13.49x | 721.52x |
| 2024 | $130.00 Billion | $8.88 Billion | $2.02 Billion | 14.64x | 64.39x |
Competitor Companies of SHOP by Market Capitalization
Companies near Shopify Inc in the global market cap rankings as of March 18, 2026.
Key companies related to Shopify Inc by market ranking:
- SAP SE (PINK:SAPGF): Ranked #61 globally with a market cap of $238.59 Billion USD.
- Salesforce.com Inc (NYSE:CRM): Ranked #86 globally with a market cap of $180.61 Billion USD.
- Uber Technologies Inc (NYSE:UBER): Ranked #118 globally with a market cap of $150.35 Billion USD.
- ServiceNow Inc (NYSE:NOW): Ranked #168 globally with a market cap of $112.98 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #61 | SAP SE | PINK:SAPGF | $238.59 Billion | $246.20 |
| #86 | Salesforce.com Inc | NYSE:CRM | $180.61 Billion | $198.34 |
| #118 | Uber Technologies Inc | NYSE:UBER | $150.35 Billion | $74.66 |
| #168 | ServiceNow Inc | NYSE:NOW | $112.98 Billion | $114.88 |
Shopify Inc Historical Marketcap From 2015 to 2025
Between 2015 and today, Shopify Inc's market cap moved from $3.15 Billion to $ 196.94 Billion, with a yearly change of 46.59%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2025 | $196.94 Billion | +51.49% |
| 2024 | $130.00 Billion | +36.50% |
| 2023 | $95.24 Billion | +124.43% |
| 2022 | $42.44 Billion | -74.80% |
| 2021 | $168.40 Billion | +21.68% |
| 2020 | $138.39 Billion | +184.71% |
| 2019 | $48.61 Billion | +187.17% |
| 2018 | $16.93 Billion | +37.08% |
| 2017 | $12.35 Billion | +135.60% |
| 2016 | $5.24 Billion | +66.16% |
| 2015 | $3.15 Billion | -- |
End of Day Market Cap According to Different Sources
On Mar 17th, 2026 the market cap of Shopify Inc was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $196.94 Billion USD |
| MoneyControl | $196.94 Billion USD |
| MarketWatch | $196.94 Billion USD |
| marketcap.company | $196.94 Billion USD |
| Reuters | $196.94 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.