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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)

NAMEMARKET CAPENTERPRISE 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.

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.

Ottawa, ON
8,100 employees
Technology / Software - Application
Sector
Technology
Industry
Software - Application
CEO
Tobias Lutke