SHOP

Shopify Inc.

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Shopify Inc..

R40: 63$155.74B

$120.73+0.42 (+0.35%)● Live

Current Narrative

Shopify is the dominant e-commerce platform powering millions of online stores, now pivoting to AI-powered 'intelligent commerce OS' with tools like Sidekick and agentic commerce features. Stock at ~$112, down ~30-40% from ATH ~$179-182 (Oct 2025) amid tech volatility and valuation concerns. Earnings Feb 11 could be major catalyst. Analysts remain bullish (mean target ~$180) on strong fundamentals and AI/agentic shopping tailwinds.

News

Latest Coverage

NewsFeb 11

Shopify Q4 2025: $3.67B Revenue Beat, $2B Buyback — So Why Is the Stock Down?

Shopify beats on revenue and GMV, announces $2B buyback, guides to 30%+ Q1 growth — but the stock drops 9%. We break down what spooked investors and why the selloff may be overdone.

R40

NewsFeb 7

SHOP Trades ~38% Below Analyst Targets

Shares at ~$112 vs. consensus target ~$180; Simply Wall St flags undervalued by ~12%, ecosystem partnerships (AI/subscription migrations) growing despite dip.

Yahoo Finance

NewsFeb 6

Sharp Selloff: SHOP Down ~16% YTD

Stock plunged amid AI disruption fears in software and valuation reset after 2025 surge; analysts maintain positive long-term view on agentic commerce.

Yahoo Finance

NewsFeb 4

Analyst Upgrades Ahead of Earnings (Arete to Buy)

Upgraded to Buy post-selloff on strong Q4 outlook; focus on 'solid fundamentals' and agentic commerce/AI tailwinds.

TipRanks

NewsFeb 3

Major Single-Day Drop (~10%)

Stock fell sharply to ~$119 amid market rotation and software sector pressure; sparked buy-the-dip commentary.

Market Watch

In-DepthFeb 3

1 Growth Stock Down 16% to Buy and Hold

Contrarian buy case despite YTD decline; strong 2025 momentum (32%+ revenue growth in Q3), secular e-commerce/AI tailwinds outweigh volatility.

Motley Fool

See all news →

Rule of 402025 Q4

62.8

✓ Passing

Revenue Growth YoY+43.3%

FCF Margin+19.5%

History

2024 R40 +41

2025 R40 +49

ANALYST RATINGS

Buy$136

SHOP

Buy$159

Upgrade

2026-02-12

Outperform$150

Upgrade

2026-02-12

Buy$150

Upgrade

2026-02-10

Hold$156

Resumed

2025-10-03

Hold$120

Downgrade

2025-07-22

Company timeline

Earnings release dates

Quarter	End date	Publication date	Source
2025 Q4	2025-12-31	2026-02-11	Link
2025 Q3	2025-09-30	2025-11-04	Link
2025 Q2	2025-06-30	2025-08-07	Link
2025 Q1	2025-03-31	2025-05-08	Link
2024 Q4	2024-12-31	2025-02-11	Link
2024 Q3	2024-09-30	2024-11-12	Link
2024 Q2	2024-06-30	2024-08-07	Link
2024 Q1	2024-03-31	2024-05-08	Link
2023 Q4	2023-12-31	2024-02-13	Link
2023 Q3	2023-09-30	2023-11-02	Link
2023 Q2	2023-06-30	2023-08-03	Link
2023 Q1	2023-03-31	2023-05-04	Link

Background

Company History

ExchangeNYSE

IPO DateMay 21, 2015

IPO Price$17.00

Shares Outstanding1.29B

2024

Profitability Focus & Efficiency Gains

Post-pandemic reset emphasized margins and free cash flow; laid foundation for 2025 surge

2025

Massive Rally (~51-264% Gain)

Stock soared from lows ~$77 to ATH ~$179-182 on strong financials and e-commerce rebound

2025

Re-acceleration & AI Pivot

Launched AI tools (Sidekick, agentic features, Universal Commerce Protocol); expanded to intelligent commerce OS

2025

Q3 Beat & Strong Guidance (Nov 4)

EPS $0.27 beat, revenue $2.84B beat; 32% YoY growth reinforced profitability story

2025

All-Time High ~$179-182 (October)

Peak euphoria on AI integrations, merchant growth, and market share gains

2026

Sharp YTD Decline (~16-30% from Peak)

Pullback on valuation concerns, broader tech/AI fears, and pre-earnings caution

2026

Major Single-Day Drop ~10% (Feb 3)

Stock fell to ~$119 amid market rotation and software sector pressure

2026

Pre-Earnings Positioning (Feb 11)

Volatility ahead of earnings; narrative shifts to AI/agentic commerce as next growth driver

Leadership

Key Players

Tobias Lütke

Co-Founder & CEO

@tobi

German-Canadian programmer who built Shopify in 2006 to sell snowboards, pivoted to e-commerce software. First-principles thinker building a "100-year company." Still hands-on with tech. Major shareholder with supervoting control.

Jeff Hoffmeister

Chief Financial Officer

Joined late 2022 from Morgan Stanley (senior tech investment banker). Runs finance, strategy, capital allocation. Key player in AI and commerce infrastructure expansion.

Harley Finkelstein

President

@harley

With Shopify since 2010, one of the earliest merchants. President since 2020 (ex-COO). Owns growth, partnerships, external affairs. Entrepreneur, lawyer, MBA — the public face promoting the merchant ecosystem.

Short Interest

Short interest data unavailable for SHOP.