Shopify (SHOP)
Runs storefront, checkout, payment, and point-of-sale infrastructure for merchants.
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Provides a hosted commerce platform spanning storefronts, checkout, payments, point-of-sale, apps, and APIs. Merchant software and embedded services broaden its role across online and physical retail, while founder voting control and dependence on outside developers and logistics partners shape the business.
Provides a commerce platform for building storefronts, processing checkout and payments, managing in-person sales through Shopify POS, and extending operations through an API and App Store. The product began as software for one online store and became a hosted platform for merchants.
Merchant workflows span online and physical retail. Payments and POS bring transactions, inventory, and sales management into the platform, while partner services support shipping and fulfillment after most owned logistics operations were divested.
Current execution embeds AI in storefront creation, merchandising, and administration, while Catalog API and Universal Commerce Protocol connect products and checkout to agent-driven shopping. The business depends on third-party developers and logistics partners, and founder Tobi Lütke retains concentrated voting influence.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Bernstein | Initiate | Rating: —Target: — | Target: $160 |
| Sep 8, 2026 | Piper Sandler | Reiterate | Rating: —Target: $150 | Target: $180 |
| Aug 17, 2026 | Seaport Global | Reiterate | Rating: —Target: $84 | Target: $175 |
| Aug 7, 2026 | Wells Fargo | Reiterate | Rating: —Target: $191 | Target: $180 |
| Aug 6, 2026 | DA Davidson | Reiterate | Rating: —Target: $140 | Target: $200 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.95B · Total debt $178.0M · Total assets $14.47B · Shareholders' equity $12.68B
- Revenue
- $3.58B
- Operating income
- $488.0M
- Net income
- $1.50B
No dividends on record.
| Institutions | 65.17% | 838.46M shares | |
|---|---|---|---|
| 1,824 holders · as of Jun 30, 2026 | |||
| Other | 34.83% | 448.18M shares | |
| remainder | |||
1.29B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Capital International InvestorsInstitution | 4.27% | 54.89M A | as of Jun 30, 2026 |
FMR LLCInstitution | 3.67% | 47.18M A | as of Jun 30, 2026 |
Invesco Ltd.Institution | 2.84% | 36.57M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.65% | 34.13M A | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 2.65% | 34.09M A | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Shopify | $147.41 | +6.88% | $178.97B | 92.6 | 70.9 | 13.5 | +32.0% |
| Amazon | $254.95 | −1.35% | $2.78T | 20.8 | 27.3 | 3.6 | +19.6% |
| Block | $77.41 | −0.64% | $46.37B | 139.1 | 16.9 | 1.9 | +9.3% |
| Commerce.com | $3.23 | −3.15% | $274.8M | — | 7.8 | 0.8 | +0.1% |
| Wix | $79.27 | −5.10% | $4.38B | — | 13.0 | 2.1 | +14.9% |
| Salesforce | $230.77 | −2.39% | $193.63B | 21.6 | 15.7 | 4.4 | +10.8% |
| Adobe | $240.37 | −3.67% | $99.18B | 13.9 | 8.9 | 3.8 | +12.9% |
| Median | 21.2 | 14.4 | 2.8 | +11.9% |