SHOP Shopify Inc. - Class A Subordinate Voting Shares

NASDAQ · Technology · SEC EDGAR'da Görüntüle ↗
$101,69
Fiyat · May 20, 2026
Temel veriler itibarıyla May 5, 2026
52 Haftlık Aralık
$94–$182
9% of range
Analist Derecelendirmesi
BUY
56 analysts
Fiyat Hedefi
$153
+50% upside
P/E (TTM)
171.2
ROE
—
Net Kâr Marjı
—

SHOP Hisse Senedi Özeti Fiyat, piyasa değeri, P/E, EPS, ROE, borç/öz sermaye, 52 haftalık aralık

Fiyat
$101.69
Piyasa Değeri
—
P/E (TTM)
171.2
EPS (TTM)
$0.94
Gelir (TTM)
$11.56B
Temettü Verimi
—
ROE
—
D/E Borç/Özsermaye
—
52 Haftlık Aralık
$94 – $182

SHOP Hisse Senedi Fiyat Grafiği Teknik göstergeler ile günlük OHLCV — kaydır, yakınlaştır ve görünümünüzü özelleştirin

10 Yıllık Performans Gelir, net kar, marjlar ve EPS trendleri

Gelir ve Net Gelir $11.56B
4-point trend, +106.4%
2022-12-31 → 2025-12-31
Hisse Başına Kâr $0.94
4-point trend, +134.4%
2022-12-31 → 2025-12-31
Serbest Nakit Akışı —
Marjlar —

Değerleme P/E, P/S, P/B, EV/EBITDA oranları — hisse senedi pahalı mı ucuz mu?

Metrik
5 Yıllık trend
SHOP
Akran Ortalaması
P/E (TTM)
2-point trend, +149.6%
171.2
117.7

Kârlılık Brüt, faaliyet ve net kâr marjları; ROE, ROA, ROIC

Metrik
5 Yıllık trend
SHOP
Akran Ortalaması

Finansal Sağlık Borç, likidite, solventlik — bilanço gücü

Metrik
5 Yıllık trend
SHOP
Akran Ortalaması

Büyüme Gelir, EPS ve net gelir büyümesi: YOY, 3 Yıllık CAGR, 5 Yıllık CAGR

Metrik
5 Yıllık trend
SHOP
Akran Ortalaması
Revenue YoY (Gelir Yıllık Bazda)
4-point trend, +106.4%
30.1%
—
Revenue CAGR 3Y (Gelir 3 Yıllık Bileşik Büyüme Oranı)
4-point trend, +106.4%
27.3%
—
EPS YoY (EPS YB)
4-point trend, +134.4%
-39.4%
—
Net Income YoY (Net Gelir Yıllık Bazda)
4-point trend, +135.6%
-39.0%
—

Hisse Başı Metrikler Hisse Başı Kâr, hisse başına defter değeri, hisse başına nakit akışı, hisse başına temettü

Metrik
5 Yıllık trend
SHOP
Akran Ortalaması
EPS (Diluted) (Hisse Başına Kar (Seyreltilmiş))
4-point trend, +134.4%
$0.94
—

Sermaye Verimliliği Aktif devir hızı, stok devir hızı, alacak devir hızı

Metrik
5 Yıllık trend
SHOP
Akran Ortalaması

SHOP Analist Uzlaşması Boğa ve ayı analist görüşleri, 12 aylık fiyat hedefi, yukarı yönlü potansiyel

AL 56 analist
  • Güçlü Al 10 17,9%
  • Al 33 58,9%
  • Tut 12 21,4%
  • Sat 0 0,0%
  • Güçlü Sat 1 1,8%

12 Aylık Fiyat Hedefi

45 analist · 2026-05-18
Medyan hedef $150.00 +47,5%
Ortalama hedef $152.76 +50,2%

Kazanç Geçmişi EPS gerçekleşen vs tahmin, sürpriz %, kazanma oranı, bir sonraki kazanç tarihi

Ort. Sürpriz
0.00%
Dönem EPS Gerçek EPS Tahmin Sürpriz
31 Mart 2026 $0.36 $0.34 0.02%
31 Aralık 2025 $0.48 $0.52 -0.04%
30 Eylül 2025 $0.34 $0.34 -0.00%
30 Haziran 2025 $0.35 $0.29 0.06%
31 Mart 2025 $0.25 $0.27 -0.02%

Eş Karşılaştırması Anahtar metrikler sektördeki benzerlerine karşı

Hisse Sembolü Piyasa Değeri P/E Gelir YoY Net Kar Marjı ROE Brüt Kar Marjı
SHOP — 171.2 30.1% — — —
TCX $249M -7.3 7.7% -19.4% 53.0% 24.1%

Tüm Temeller Tüm metrikler yıla göre — gelir tablosu, bilanço, nakit akışı

Gelir Tablosu 16
SHOP için Yıllık Gelir Tablosu verileri
Metrik Eğilim 2025202420232022
Revenue 4-point trend, +106.4% $11.56B $8.88B $7.06B $5.60B
Cost of Revenue 4-point trend, +110.9% $6.00B $4.41B $3.54B $2.85B
Gross Profit 4-point trend, +101.7% $5.55B $4.47B $3.52B $2.75B
R&D Expense 4-point trend, +2.2% $1.54B $1.37B $1.73B $1.50B
SG&A Expense 4-point trend, -33.5% $471M $410M $491M $708M
Operating Expenses 4-point trend, +14.3% $4.09B $3.40B $4.93B $3.58B
Operating Income 4-point trend, +278.6% $1.47B $1.07B $-1.42B $-822M
Interest Income 3-point trend, +75.5% $258M $205M $147M ·
Other Non-op 4-point trend, +101.5% $41M $1.15B $1.60B $-2.80B
Pretax Income 3-point trend, +715.7% $1.51B $2.23B $185M ·
Income Tax 4-point trend, +270.6% $278M $209M $53M $-163M
Net Income 4-point trend, +135.6% $1.23B $2.02B $132M $-3.46B
EPS (Basic) 4-point trend, +134.8% $0.95 $1.57 $0.10 $-2.73
EPS (Diluted) 4-point trend, +134.4% $0.94 $1.55 $0.10 $-2.73
Shares (Basic) 4-point trend, +2.6% 1,298,955,860 1,289,812,124 1,281,554,559 1,266,268,155
Shares (Diluted) 4-point trend, +3.1% 1,304,953,255 1,301,509,980 1,295,511,385 1,266,268,155
Bilanço 25
SHOP için Yıllık Bilanço verileri
Metrik Eğilim 2025202420232022
Cash & Equivalents 3-point trend, +9.3% $1.54B $1.50B $1.41B ·
Short-term Investments 3-point trend, +17.7% $4.23B $3.98B $3.60B ·
Receivables 4-point trend, +83.2% $500M $342M $282M $273M
Inventory 3-point trend, +10.5% $21M $26M $19M ·
Prepaid Expense 3-point trend, +38.5% $234M $209M $169M ·
Other Current Assets 2-point trend, -100.0% · $0 $1M ·
Current Assets 3-point trend, +32.2% $8.30B $7.25B $6.28B ·
PP&E (Net) 3-point trend, +8.2% $53M $47M $49M ·
PP&E (Gross) 3-point trend, +11.2% $228M $217M $205M ·
Accum. Depreciation 3-point trend, +12.2% $175M $170M $156M ·
Goodwill 4-point trend, -73.3% $491M $452M $427M $1.84B
Intangibles 3-point trend, +3.4% $30M $22M $29M ·
Other Non-current Assets 3-point trend, +39000000.00 $39M $21M $0 ·
Total Assets 3-point trend, +34.4% $15.19B $13.92B $11.30B ·
Accounts Payable 3-point trend, +85.7% $1.07B $737M $579M ·
Current Liabilities 3-point trend, +55.0% $1.39B $1.96B $898M ·
Capital Leases 3-point trend, -21.2% $171M $190M $217M ·
Deferred Tax 3-point trend, +816.7% $55M $73M $6M ·
Common Stock 3-point trend, +12.8% $10.38B $9.63B $9.20B ·
Paid-in Capital 3-point trend, -6.0% $236M $305M $251M ·
Retained Earnings 3-point trend, +833.3% $2.86B $1.63B $-390M ·
AOCI 3-point trend, -75.0% $1M $-10M $4M ·
Stockholders' Equity 4-point trend, +63.5% $13.47B $11.56B $9.07B $8.24B
Liabilities + Equity 3-point trend, +34.4% $15.19B $13.92B $11.30B ·
Shares Outstanding 4-point trend, +2.3% 1,303,904,301 1,294,580,140 1,286,570,294 1,275,128,567
Nakit Akışı 9
SHOP için Yıllık Nakit Akışı verileri
Metrik Eğilim 2025202420232022
D&A 4-point trend, -66.7% $31M $36M $70M $93M
Deferred Tax 4-point trend, +92.5% $-14M $78M $-1M $-187M
Amort. of Intangibles 4-point trend, -75.9% $13M $14M $38M $54M
Operating Cash Flow 4-point trend, +1594.9% $2.03B $1.62B $944M $-136M
CapEx 4-point trend, -48.0% $26M $19M $39M $50M
Investing Cash Flow 4-point trend, -65.5% $-1.19B $-1.59B $-1.24B $-719M
Financing Cash Flow 4-point trend, -4605.6% $-811M $61M $60M $18M
Net Change in Cash 4-point trend, +105.5% $47M $85M $-236M $-854M
Taxes Paid 4-point trend, +618.5% $194M $116M $50M $27M
Hisse Başına 1
SHOP için Yıllık Hisse Başına verileri
Metrik Eğilim 2025202420232022
EPS (TTM) 2-point trend, -39.4% $0.94 $1.55 · ·
Büyüme Oranları 4
SHOP için Yıllık Büyüme Oranları verileri
Metrik Eğilim 2025202420232022
Revenue YoY 3-point trend, +15.6% 30.1% 25.8% 26.1% ·
Revenue CAGR 3Y 27.3% · · ·
EPS YoY 2-point trend, -102.7% -39.4% 1450.0% · ·
Net Income YoY 2-point trend, -102.7% -39.0% 1429.5% · ·
Değerleme (TTM) 5
SHOP için Yıllık Değerleme (TTM) verileri
Metrik Eğilim 2025202420232022
Revenue TTM 2-point trend, +30.1% $11.56B $8.88B · ·
Net Income TTM 2-point trend, -39.0% $1.23B $2.02B · ·
P/E 2-point trend, +149.6% 171.2 68.6 · ·
P / Tangible Book 2-point trend, +30.5% 16.2 12.4 · ·
Earnings Yield 2-point trend, -60.3% 0.58% 1.5% · ·

Finansal Tablolar Gelir tablosu, bilanço, nakit akışı — yıllık, son 5 yıl

Gelir Tablosu
2025-12-312024-12-312023-12-312022-12-31
Gelir $11.56B$8.88B$7.06B$5.60B
Net Gelir $1.23B$2.02B$132M$-3.46B
Seyreltilmiş Hisse Başı Kâr $0.94$1.55$0.10$-2.73

SHOP Yapay Zeka Analist Paneli — Yükseliş ve Düşüş Görüşleri 2026Q2 tartışması: Hissenin beklentileri üzerine Claude, Grok, Gemini, ChatGPT

1. Tur — Açılış Değerlendirmeleri

Grok NEUTRAL 0,75
↑ Yükseliş

Shopify's merchant ecosystem creates a high-moat business that scales with global e-commerce adoption. Gross margins hold steady at 48.75%, proving durable pricing power even as competition heats up. Current ratio sits at 3.9, giving ample liquidity to invest in AI tools without straining the balance sheet. Market cap has climbed to $209 billion on surging price action from $88 lows to $112, signaling investor conviction in a 2026 reacceleration.

↓ Düşüş

Shopify trades at nosebleed valuations that leave no room for execution slips. P/E TTM has ballooned to 117.7, pricing in flawless growth that's tough to deliver amid macro slowdowns. ROE has slipped to 15.1%, reflecting cooling profitability from prior peaks. Net margin dropped to 16.65%, hinting at merchant churn or pricing pressure eroding the moat.

Claude NEUTRAL 0,62
↑ Yükseliş

Shopify's gross margin of 48.75% shows real pricing power in a commoditized market, and that sticky, high-margin revenue base funds growth without destroying returns. The current ratio of 3.9 means the company can weather downturns and fund acquisitions without stress. Yes, the P/E of 117.7 is steep, but if management can grow earnings faster than the multiple compresses — which the 16.65% net margin suggests is possible — you're buying a compounder at a reasonable entry for a SaaS platform with durable competitive moats.

↓ Düşüş

I'm watching the earnings collapse: EPS fell from 1.79 to 1.36 in one quarter, and net margin dropped from 23.42% to 16.65% in the same window. That's a 29% earnings miss in three months, not a blip. At a P/E of 117.7, the stock is priced for perfection, and the recent price action — bouncing between $100 and $118 — suggests the market is uncertain whether Shopify can sustain growth. The 7.35 debt-to-equity ratio is high for a software company, which limits flexibility if revenue growth stalls.

Gemini NEUTRAL 0,70
↑ Yükseliş

Shopify is effectively becoming the operating system for modern commerce, and that scale creates a massive, defensible moat. The company maintains a 48.75% gross margin, which reflects its ability to extract consistent value from every transaction processed on its platform. This high margin indicates that Shopify’s software-driven model is incredibly efficient at scale. Furthermore, a 3.93 current ratio provides a robust liquidity cushion, ensuring the company has more than enough cash to navigate market volatility while continuing to invest in its core merchant ecosystem throughout 2026.

↓ Düşüş

The valuation has completely detached from the underlying earnings growth, leaving investors with almost no margin for error. Shopify trades at 117.66 times trailing earnings, which means the market is pricing in near-perfect execution for years to come. This extreme P/E ratio suggests that any slight deceleration in growth will lead to a painful correction. Additionally, the return on equity has slipped to 15.08%, which shows that the company is becoming less efficient at generating profit from the capital shareholders have invested into the business.

Chatgpt NEUTRAL 0,53
↑ Yükseliş

I think Shopify's long-term value rests on a scalable, high-margin platform that can continue monetizing merchants through subscriptions and ecosystem services. Gross margin TTM: 48.75%. That level means Shopify keeps a large chunk of revenue as gross profit, which provides slack to fund growth initiatives. Current ratio: 3.93. That liquidity cushion lets Shopify weather investment cycles and potential revenue variability. ROE TTM: 15.08%. That shows returns on equity are positive, indicating efficient capital use, even as the trend edges lower from a year ago.

↓ Düşüş

I think the downside case is that investors are pricing in aggressive growth that may not materialize, given profitability pressures and leverage. P/E TTM: 117.66%. That implies the market expects a lot of earnings growth; any slowdown or margin compression could compress the multiple. Net profit margin TTM: 16.65%. That decline shows profitability is under pressure and may limit upside unless revenue accelerates. Debt/Equity: 7.35. That leverage raises financial risk if growth slows or if margins compress.

2. Tur — Yanıtlar ve Çürütmeler

Grok

ChatGPT, your take that 15.08% ROE shows efficient capital use overlooks how extreme it is versus peers like TCX at -225% ROE, meaning Shopify generates real profits from equity while competitors destroy value. That edge supports the high P/S multiple of 19.6, as investors pay a premium for superior returns, but only if net margins stabilize above 16.65% into 2026Q2.

Claude

I need to push back on Gemini here. You're calling a 15.08% ROE a sign of declining efficiency, but that's backwards for Shopify's business model. ROE of 15% is solid for a SaaS company — it means Shopify is generating $0.15 in annual profit for every dollar of shareholder equity deployed. The real issue isn't that 15% is weak; it's that you and I are both anchoring to Shopify's prior 20.91% ROE from Q3 and treating the drop as a red flag. But that Q3 number was inflated by a temporary earnings spike. The trend that matters is whether 15% holds or falls further. If it stabilizes here, the margin compression story is just normalization, not deterioration. That changes how I read the valuation risk.

Gemini

Claude, your point about the debt-to-equity ratio misses the reality of Shopify's capital structure. You cited a 7.35 debt-to-equity ratio as a major risk, but this figure is heavily skewed by the company's massive equity base rather than an aggressive reliance on debt financing. A 3.93 current ratio confirms they have nearly four dollars of liquid assets for every dollar of short-term liability. This liquidity profile suggests they are far more resilient to interest rate pressure than your analysis implies, provided they maintain their current cash-heavy balance sheet.

Chatgpt

Claude, your point about D/E misses the core risk: Shopify's valuation rests on near-perfect earnings growth, not just margins. The stock trades at 117.7x trailing earnings, which prices in multi-year, uninterrupted profit expansion. That leaves little room for error if demand cools or margins contract. In the latest quarter, EPS slipped to 1.36 from 1.79, underscoring that profitability momentum is not a straight line. If that momentum falters, the multiple can compress quickly, and the stock could reprice meaningfully even with a solid gross margin.

3. Tur — Son Çürütmeler

G
Grok

Gemini, your claim that the 7.35 debt-to-equity ratio is skewed by a massive equity base turns the math upside down — it means debt dwarfs equity sevenfold, creating real solvency pressure if revenue growth stalls into 2026Q2. That leverage magnifies any earnings shortfall straight to shareholders. The 3.93 current ratio covers near-term outflows fine, but long-term debt service hinges on stabilizing those 16.65% net margins.

C
Claude

I want to push back on Grok's comparison to TCX. Grok, you're using TCX's negative ROE as a benchmark to make Shopify's 15.08% look fortress-like, but that's a false comfort. TCX is a distressed outlier — not a peer. The real question is whether Shopify's ROE is sustainable or if it's already compressing because of the earnings cliff we just saw. EPS dropped 24% quarter-over-quarter, from 1.79 to 1.36, and net margin fell 6.77 percentage points in the same window. That's not noise. If ROE keeps sliding toward 12% or below, then the P/E of 117.7 becomes indefensible, because you're not buying a compounder anymore — you're buying a decelerating business at a growth multiple. I'm holding my verdict, but I'm watching Q2 earnings closely. If margins stabilize and EPS growth re-accelerates, the valuation risk shrinks. If they don't, this stock reprices hard.

G
Gemini

I want to widen the frame to address the macro regime, specifically how the current interest rate cycle is masking Shopify's real risk. Grok and Claude are debating internal metrics, but the 19.59 P/S ratio is the real danger zone here. This multiple means investors are paying nearly 20 dollars for every dollar of sales, which is a bet that Shopify can maintain hyper-growth in a high-rate environment. If the Federal Reserve keeps rates higher for longer, the discount rate applied to future cash flows will rise, forcing a painful re-rating of these growth-heavy multiples regardless of how well their internal metrics perform.

C
Chatgpt

I side with Grok and Gemini that the ROE around 15% is a normalization, not a red flag. ROE TTM: 15.1%. That means profitability is stabilizing after a peak, so upside hinges on stronger top-line growth rather than margin leverage. Grok, Gemini, you're betting on durability of that profitability, but the price today already discounts near-perfect execution. For 2026Q2, the test is whether Shopify can show sustainable top-line momentum that keeps earnings growing even if margins hold steady.§TR@№$LAT!0N_C0MPLETE§

Fiyat Tahminleri

Model 3 Aylık Hedef 6 Aylık Hedef Gerekçe
G Grok 3 Aylık Hedef $105.00 6 Aylık Hedef $115.00 Gerekçe I think Shopify grinds modestly higher into 2026Q2 as its e-commerce moat supports margin stabilization amid volatile price action. My key catalyst is the Q2 2026 earnings release in early August, where EPS topping 1.40 would confirm profitability inflection and justify the premium multiple. The main risk is another EPS miss below 1.36, reigniting fears of churn and forcing P/E compression from 118x. At $97 today, that 118x trailing P/E prices in flawless execution, so even modest beats flow straight to equity value without balance sheet strain.
C Claude 3 Aylık Hedef $105.00 6 Aylık Hedef $118.00 Gerekçe Shopify's earnings cliff is real, but the 48.75% gross margin and 3.93 current ratio give management runway to stabilize net margins without slashing growth investment. My thesis: the stock reprices on Q2 earnings clarity, not on macro. The catalyst is 2026Q2 earnings in late July — if EPS stabilizes above 1.50 and net margin holds above 18%, the market re-rates the P/E from 117.7 toward 85–95, supporting $118 by year-end. The risk: if net margin slides below 16% again, the multiple compresses to 60–70x, and the stock falls to $85. At 117.7x trailing earnings, Shopify is pricing flawless execution; any margin miss triggers a 20–25% correction. I'm watching Q2 as the make-or-break quarter.
G Gemini 3 Aylık Hedef $105.00 6 Aylık Hedef $112.00 Gerekçe My thesis is that Shopify will experience a volatile consolidation phase as it trades off its expensive valuation against its dominant platform position. The primary catalyst for a 6-month move toward $112 is a positive surprise in the 2026Q2 earnings print, specifically showing a stabilization in net margins. Conversely, a failure to meet top-line growth targets during that quarter would break my thesis, likely triggering a sharp multiple contraction. The stock currently trades at a P/S ratio of 19.59. This means investors are paying nearly 20 dollars for every dollar of sales, a premium that requires flawless execution to justify in a high-interest-rate environment.
C Chatgpt 3 Aylık Hedef $99.00 6 Aylık Hedef $105.00 Gerekçe I think Shopify should drift modestly higher over the next few months if earnings momentum stabilizes. Catalyst: the Q2 2026 earnings print. Risk: a worse-than-expected Q2 with EPS decline and margin compression could trigger a re-rating. Current price 97.12 anchors the setup; 3-month target 99 and 6-month target 105. P/E is very high, meaning the market is pricing near-perfect growth; any slowdown will compress.

Son Haberler Bu şirketten bahseden son manşetler

İşlem Sinyalleri Giriş fiyatı ve risk/ödül oranı ile son alım/satım sinyalleri

Metriklerim Kişisel izleme listeniz — Tam Temeller'den seçilen satırlar

📊

Sizin için önemli olan metrikleri seçin — yukarıdaki Tam Temeller'deki herhangi bir satırın yanındaki ➕ düğmesine tıklayın.

Seçiminiz kaydedildi ve tüm hisse senetlerinde sizinle birlikte gelir.