Current
$168B
5-Year Average
$114B
All-Time High
$234B
All-Time Low
$1.13B
Market cap daily chart for Shopify (SHOP)
Aug 2, 2021 – Jul 29, 2026 · 1,253 trading days
Market Cap growth chart for Shopify (SHOP) from 2017 to 2026
Latest: -19.9%
Market Cap history table for Shopify (SHOP) from 2015 to 2026
| 2026 | $168B | -19.9% | -$41.7B | ||
| 2025 | $210B | +51.8% | +$71.7B | ||
| 2024 | $138B | +37.1% | +$37.5B | ||
| 2023 | $101B | +129.6% | +$57B | ||
| 2022 | $44B | -74.9% | -$131B | ||
| 2021 | $175B | +25.5% | +$35.7B | ||
| 2020 | $140B | +211.0% | +$94.8B | ||
| 2019 | $44.9B | +207.2% | +$30.3B | ||
| 2018 | $14.6B | +51.2% | +$4.96B | ||
| 2017 | $9.67B | +168.7% | +$6.07B | ||
| 2016 | $3.6B | +126.1% | +$2.01B | ||
| 2015 | $1.59B | — | — |
- 2026$168B-19.9%
- 2025$210B+51.8%
- 2024$138B+37.1%
- 2023$101B+129.6%
- 2022$44B-74.9%
- 2021$175B+25.5%
- 2020$140B+211.0%
- 2019$44.9B+207.2%
- 2018$14.6B+51.2%
- 2017$9.67B+168.7%
- 2016$3.6B+126.1%
- 2015$1.59B—
Market Cap values are taken from Shopify's reported income statements (share counts) and end-of-day prices (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Market Cap at Shopify (SHOP)
According to Shopify's latest reported financial statements, the company's latest reported market cap is $155B. Market capitalization is the total dollar value of all outstanding shares — shares outstanding × stock price — and the standard measure of a company's equity value. On this page, historical market cap snaps filing-period share counts to closing prices on or before each statement date (not intraday tick data).
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2026 reading of Shopify (SHOP) market cap is $168B – declined 19.9% year-over-year.
Across 2021–2026 (5 years), Shopify market cap produced a CAGR of -0.8% – with a net decline across the window.
Shopify market cap declined from $210B in 2025 to $168B in 2026, a 19.9% drawdown.
2025 marks the peak market cap at $210B, with the historical low of $1.59B recorded in 2015.
Shopify Market Cap by Year
Shopify Market Cap 2026: $168B
In 2026, Shopify reported market cap of $168B, declined 19.9% below 2025.
Shopify Market Cap 2025: $210B
Shopify market cap in 2025 was $210B, surged 51.8% from 2024. This figure represents the highest annual value in the available history.
Shopify Market Cap 2024: $138B
2024's market cap for Shopify came in at $138B, surged 37.1% from 2023.
Shopify Market Cap 2023: $101B
Shopify posted market cap of $101B in 2023, surged 129.6% from 2022.
Shopify Market Cap 2022: $44B
Shopify market cap in 2022 was $44B.
See more financial history for Shopify (SHOP).
Sector peers by Market Cap
Technology peers of Shopify (SHOP), ranked by their latest market cap
| $4.97T | |
| $4.6T | |
| $2.9T | |
| $1.94T | |
| $1.76T | |
| $900B | |
| $835B | |
| $700B |
- $4.97T
- $4.6T
- $2.9T
- $1.94T
- $1.76T
- $900B
- $700B
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Shopify (SHOP) Key Financials
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Deep-dives across the income statement, cash flow, capital return, and valuation
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