Shopify Inc Market Cap ($194.42 Billion)
Market Cap & Net Worth: Shopify Inc (SHOP)
Shopify Inc market cap. Shopify Inc (TO:SHOP) has a market capitalization of $194.42 Billion (CA$268.76 Billion) as of October 31, 2026. Listed on the TO stock exchange, this Canada-based company holds position #109 globally and #3 in its home market, demonstrating a -6.78% decrease 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 CA$220.37 by its total outstanding shares 1219581025 (1.22 Billion).
Shopify Inc Market Cap History (2015–2026)
Shopify Inc market cap history from 2015 to 2026. Data shows growth from $3.14 Billion to $194.42 Billion (42.74% CAGR). Check Shopify Inc stock price for real-time trading data and today's change.
Index Memberships
Shopify Inc is a constituent of 1 market index:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
S&P TSX Composite Index (Canada)
GSPTSE
|
$3.88 Trillion | 5.01% | #3 of 225 |
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. Also see SHOP cash flow conversion for how efficiently the company converts equity into cash flow.
Latest Price to Sales (P/S) Ratio
16.58x
Shopify Inc's market cap is 16.58 times its annual revenue
Latest Price to Earnings (P/E) Ratio
155.66x
Shopify Inc's market cap is 155.66 times its annual earnings
What 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 |
|---|---|---|---|---|---|
| 2016 | $5.09 Billion | $389.33 Million | -$35.35 Million | 13.07x | N/A |
| 2017 | $11.21 Billion | $673.30 Million | -$39.99 Million | 16.66x | N/A |
| 2018 | $16.66 Billion | $1.07 Billion | -$64.55 Million | 15.52x | N/A |
| 2019 | $45.55 Billion | $1.58 Billion | -$124.84 Million | 28.86x | N/A |
| 2020 | $126.80 Billion | $2.93 Billion | $319.51 Million | 43.29x | 396.87x |
| 2021 | $153.66 Billion | $4.61 Billion | $2.91 Billion | 33.32x | 52.72x |
| 2022 | $41.47 Billion | $5.60 Billion | -$3.46 Billion | 7.41x | N/A |
| 2023 | $91.01 Billion | $7.06 Billion | $132.00 Million | 12.89x | 689.47x |
| 2024 | $134.97 Billion | $8.88 Billion | $2.02 Billion | 15.20x | 66.85x |
| 2025 | $194.97 Billion | $11.76 Billion | $1.25 Billion | 16.58x | 155.66x |
Competitor Companies of SHOP by Market Capitalization
Companies near Shopify Inc in the global market cap rankings as of October 31, 2026. See SHOP net asset quality index to understand what proportion of total assets are financed by equity.
Key companies related to Shopify Inc by market ranking:
- Shopify Inc (NYSE:SHOP): Ranked #105 globally with a market cap of $196.94 Billion USD.
- SAP SE (F:SAPA): Ranked #127 globally with a market cap of $173.28 Billion USD ( €148.21 Billion EUR).
- SAP SE (F:SAP): Ranked #134 globally with a market cap of $168.70 Billion USD ( €144.30 Billion EUR).
- Salesforce.com Inc (NYSE:CRM): Ranked #163 globally with a market cap of $143.61 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #105 | Shopify Inc | NYSE:SHOP | $196.94 Billion | $161.08 |
| #127 | SAP SE | F:SAPA | $173.28 Billion | €211.00 |
| #134 | SAP SE | F:SAP | $168.70 Billion | €210.45 |
| #163 | Salesforce.com Inc | NYSE:CRM | $143.61 Billion | $229.17 |
Market Capitalization of Shopify Inc (2015–2026)
Market capitalization of Shopify Inc from 2015 to today. Between 2015 and today, Shopify Inc's market cap moved from $3.14 Billion to $ 194.42 Billion, with a yearly change of 42.74%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | CA$194.42 Billion | -0.29% |
| 2025 | CA$194.97 Billion | +44.45% |
| 2024 | CA$134.97 Billion | +48.30% |
| 2023 | CA$91.01 Billion | +119.44% |
| 2022 | CA$41.47 Billion | -73.01% |
| 2021 | CA$153.66 Billion | +21.18% |
| 2020 | CA$126.80 Billion | +178.39% |
| 2019 | CA$45.55 Billion | +173.48% |
| 2018 | CA$16.66 Billion | +48.52% |
| 2017 | CA$11.21 Billion | +120.29% |
| 2016 | CA$5.09 Billion | +62.08% |
| 2015 | CA$3.14 Billion | -- |
End of Day Market Cap According to Different Sources
On Oct 31st, 2026 the market cap of Shopify Inc was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $194.42 Billion USD |
| MoneyControl | $194.42 Billion USD |
| MarketWatch | $194.42 Billion USD |
| marketcap.company | $194.42 Billion USD |
| Reuters | $194.42 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About 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