Shopify Inc. (SHOP) Enterprise Value (EV): $207.75B
The enterprise value (EV) for Shopify Inc. (SHOP) is $207.75B as of Wednesday, June 10, 2026.
SHOP Enterprise Value (EV) Metrics
ENTERPRISE VALUE (EV)
$207.75B
SHOP Competitors' Enterprise Value (EV)
| NAME | MARKET CAP | ENTERPRISE VALUE (EV) |
|---|---|---|
| Shopify Inc. (SHOP) | — | $207.75B |
| Salesforce, Inc. (CRM) | $141.00B | $211.52B |
| Uber Technologies, Inc. (UBER) | $139.66B | $175.36B |
| CrowdStrike Holdings, Inc. (CRWD) | $164.89B | $107.08B |
| Western Digital Corporation (WDC) | $167.87B | $24.93B |
| ServiceNow, Inc. (NOW) | $109.38B | $158.34B |
| Cadence Design Systems, Inc. (CDNS) | $105.80B | $84.29B |
| Accenture plc (ACN) | $104.93B | $159.16B |
| Fortinet, Inc. (FTNT) | $101.91B | $57.51B |
| Palo Alto Networks, Inc. (PANW) | $179.39B | $113.08B |
Enterprise Value Calculation
Market Cap
$140.41B
Total Debt
$0.00
Cash
$1.53B
Enterprise Value
$207.75B
EV-Based Valuation Multiples
Why use EV instead of Market Cap?
- EV accounts for debt - an acquirer must pay or assume it
- EV deducts cash - the acquirer effectively receives it
- EV enables fair comparison of companies with different capital structures
- EV-based ratios (EV/EBITDA, EV/Sales) are capital structure neutral
Shopify Inc. Enterprise Value (EV) Formula & Definition
Enterprise Value represents the total value of a company as if you were to acquire it completely - paying for equity while assuming debt and receiving cash.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Shopify Inc. Enterprise Value (EV) FAQ
- What is the enterprise value (EV) for Shopify Inc. (SHOP)?
- The enterprise value (EV) for SHOP stock is $207.75B.
Related Metrics
About Shopify Inc.
Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.
- Sector
- Technology
- Industry
- Software - Application
- CEO
- Tobias Lutke