Shopify Inc. (SHOP) — Financial ratios
Profitability, liquidity, leverage, and valuation ratios for Shopify Inc., with annual and quarterly history.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| P/E Ratio | 169.86x | 68.18x | 756.31x | -12.70x | 58.91x | 423.61x |
| P/B Ratio | 15.52x | 11.91x | 11.01x | 5.33x | 15.42x | 21.15x |
| P/S Ratio | 18.09x | 15.50x | 14.14x | 7.85x | 37.23x | 46.20x |
| Profitability | ||||||
| Gross Margin | 48.1% | 50.4% | 49.8% | 49.2% | 53.8% | 52.6% |
| Operating Margin | 12.7% | 12.1% | -20.1% | -14.7% | 5.8% | 3.1% |
| Net Margin | 10.7% | 22.7% | 1.9% | -61.8% | 63.2% | 10.9% |
| EBITDA Margin | 13.0% | 15.1% | 2.0% | -10.6% | 69.6% | 10.9% |
| Liquidity | ||||||
| Current Ratio | 5.96x | 3.71x | 6.99x | 7.07x | 12.15x | 15.69x |
| Quick Ratio | 5.94x | 3.70x | 6.97x | 7.07x | 12.15x | 15.69x |
| Leverage | ||||||
| Debt/Equity | 0.01x | 0.10x | 0.13x | 0.17x | 0.11x | 0.14x |
YoY = year-over-year change. Source: FMP..