Shopify Inc.
$177.90+4.67Market Cap
$189.0B
Global Rank
#86
All-Time High
$222.4B
2026-12-31
Total Growth
+0%
since 2026
Market Cap Context
- Larger than 77% of the 367 companies we track (globally).
- Equivalent to 8.1% of Canada's GDP (2025 data).
- Just above: #85 Commonwealth Bank of Australia ($189.0B)
- Just below: #87 The Charles Schwab Corporation ($186.2B)
- Best year: 2020 (+178%). Worst year: 2022 (-73%).
Shopify Inc. Financial Breakdown (FY 2025)
Source: Yahoo Finance — SHOP.TO annual filings (2025) →$11.6B revenue · $1.9B operating income · $1.2B net income
- ●Operating margin: 16.3% on $11.6B in revenue.
- ●R&D is 13.3% of revenue ($1.5B).
- ●Net income margin: 10.7% — $1.2B in profit.
- ●Free cash flow: $2.0B (17.4% of revenue).
Cost / Operating Expenses
Total operating expenses $9.7B
Total
$9.7B
Capital Expenditures
$0.0B
This fiscal year (near-total AI infrastructure buildout)
Free Cash Flow
$2.0B
Trailing twelve months
Figures rounded from the annual SEC filing. Unaudited. For informational purposes only, not investment advice.
Fundamentals (TTM)
Data: Financial Modeling PrepP/E
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EPS
—
Net margin
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ROE
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Dividend yield
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Debt / Equity
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About Shopify Inc.
Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a cloud e-commerce management platform (CEMP) for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
Shopify Inc. Market Cap History (2026–2026)
Shopify Inc. vs Sector Peers by Market Cap
Compare Shopify Inc.
Ranking History
| Year | Market Cap | Rank | YoY Change |
|---|---|---|---|
| 2026 | $189.0B | #86(↓16) | -3.9% |
| 2025 | $196.8B | #70(↑24) | +44.5% |
| 2024 | $136.2B | #94(↑30) | +48.3% |
| 2023 | $91.8B | #124(↑86) | +119.4% |
| 2022 | $41.9B | #210(↓147) | -73.0% |
| 2021 | $155.1B | #63(↑2) | +21.2% |
| 2020 | $128.0B | #65(↑90) | +178.4% |
| 2019 | $46.0B | #155(↑99) | +173.5% |
| 2018 | $16.8B | #254(↑31) | +48.5% |
| 2017 | $11.3B | #285(↑13) | +120.3% |
| 2016 | $5.1B | #298 | +62.1% |
| 2015 | $3.2B | #298 |
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FAQ
What is Shopify Inc.'s market cap?
Shopify Inc. (SHOP.TO) has a market capitalization of $189.0B, making it the #86 largest company in the world by market cap.
What was Shopify Inc.'s highest market cap?
Shopify Inc.'s all-time high market cap was $222.4B, reached in 2026-12-31. Its highest rank was #70 in 2025.
What sector is Shopify Inc. in?
Shopify Inc. is in the Technology sector, specifically the Software - Application industry. It is based in Canada.
How has Shopify Inc.'s market cap changed over time?
Shopify Inc. has been tracked since 2026. Its market cap has grown by 0% from $189.0B in 2026 to $189.0B today.