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Shopify Inc Registered Shs -A- Subord Vtg SHOP Stock Quote

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Last close prices updated as of Jun 05, 2023, 1:45 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 58.29
  • Sector Technology
  • Industry Software - Application
  • Investment Style Large Growth
  • Day Range 57.82  –  60.85
  • Year Range 23.63  –  65.54
  • Market Cap 76.8289 Bil
  • Volume / Avg 10.2 Mil /  16.0 Mil
  • Price / Sales 12.58
  • Price / Book 8.82
  • Forward Div Yield
  • Trailing Div Yield

Morningstar‘s Stock Analysis SHOP

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Is it the right time to buy or sell?

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Economic Moat


Capital Allocation


Shopify Earnings: Strong Results, but Restructuring and Disposal of Logistics Unit Steal the Show

Dan Romanoff Senior Equity Analyst

Analyst Note

| Dan Romanoff |

Narrow-moat Shopify reported busy first-quarter results, with revenue and profitability that exceeded our expectations. Management provided some guideposts for next quarter that point to better performance than we were modeling. It also announced a 20% headcount reduction. Additionally, the company is selling its logistics business, including Shopify Fulfillment Network, to Flexport. We had thought Shopify Fulfillment Network would help drive meaningful growth but pressure margins, especially as it scaled. Given the results, guidance, and our attempt to model Shopify without its logistics business, we are raising our fair value estimate to $57/CAD 78 per share from $45/CAD 60. We expect some changes to our model as management provides further information upon closing the sale of the logistics business. Until then, we view the shares as fairly valued after the postearnings pop.

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Key Statistics SHOP

Company Profile SHOP

Business Description

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company’s website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

151 O'Connor Street, Ground Floor
Ottawa, ON, K2P2L8, CAN
Industry Software - Application
Employees 11,600

Related Articles SHOP

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of SHOP’s competitive advantage.

Shopify Inc Registered Shs -A- Subord Vtg


Adobe Inc



Salesforce Inc

+$1.81 (3.11%) +$3.14 (0.72%) +$0.39 (0.31%) −$1.26 (0.59%)
Market Cap
76.83 Bil201.84 Bil1.28 Tril206.30 Bil
Software - Application Software - Infrastructure Internet Retail Software - Application
Consumer Cyclical

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Shopify Inc Registered Shs -A- Subord Vtg Stock

No. SHOP does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

SHOP’s market cap is 76.83 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

SHOP’s stock style is Large Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

SHOP’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare SHOP’s historical performance against its industry peers and the overall market.