Market Cap for Shopify (SHOP)
According to Shopify's latest reported financial statements, the company's latest reported market cap is $210.06B USD. 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 .
SHOP
Currently viewingMarket CapSwitch metric
Latest period
$210.06B
YoY change
-24.7%
5Y CAGR
-2.0%
Peak year (2025)
$210.06B
Latest annual
$158.24B
Market Cap history chart for Shopify (SHOP) from 2015 to 2026
Market Cap history table for Shopify (SHOP) from 2015 to 2026
| Fiscal year | Period ended | Reported | Market Cap | YoY |
|---|---|---|---|---|
| 2026 | $158.24B | -24.7% | ||
| 2025 | $210.06B | +51.8% | ||
| 2024 | $138.39B | +37.1% | ||
| 2023 | $100.92B | +129.6% | ||
| 2022 | $43.95B | -74.9% | ||
| 2021 | $175.43B | +25.5% | ||
| 2020 | $139.75B | +211.0% | ||
| 2019 | $44.94B | +207.2% | ||
| 2018 | $14.63B | +51.2% | ||
| 2017 | $9.67B | +168.7% | ||
| 2016 | $3.60B | +126.1% | ||
| 2015 | $1.59B | — |
Market Cap values are taken from Shopify's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2026 reading of Shopify (SHOP) market cap is $158.24B – declined 24.7% year-over-year.
Across 2021–2026 (5 years), Shopify market cap produced a CAGR of -2.0% – with a net decline across the window.
Shopify market cap declined from $210.06B in 2025 to $158.24B in 2026, a 24.7% drawdown.
2025 marks the peak market cap at $210.06B, with the historical low of $1.59B recorded in 2015.
Among 8 Technology peers, Shopify (SHOP) ranks 9th; the peer median for market cap is $1.96T.
Shopify Market Cap by Year
Shopify Market Cap 2026: $158.24B
Shopify market cap in 2026 was $158.24B, declined 24.7% below 2025.
Shopify Market Cap 2025: $210.06B
Shopify market cap in 2025 was $210.06B, surged 51.8% from 2024. This figure represents the highest annual value in the available history.
Shopify Market Cap 2024: $138.39B
Shopify market cap in 2024 was $138.39B, surged 37.1% from 2023.
Shopify Market Cap 2023: $100.92B
Shopify market cap in 2023 was $100.92B, surged 129.6% from 2022.
Shopify Market Cap 2022: $43.95B
Shopify market cap in 2022 was $43.95B.
See more financial history for Shopify (SHOP).
Sector peers — Market Cap
Companies in the same sector as Shopify, ranked by their latest market cap.
| Company | Market Cap | Sector |
|---|---|---|
| NVIDIA Corporation (NVDA) | $5.18T | Technology |
| Apple Inc. (AAPL) | $3.98T | Technology |
| Microsoft Corporation (MSFT) | $3.15T | Technology |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.03T | Technology |
| Broadcom Inc. (AVGO) | $1.89T | Technology |
| Micron Technology, Inc. (MU) | $568.70B | Technology |
| ASML Holding N.V. (ASML) | $533.63B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $522.87B | Technology |
Frequently asked questions
What is Shopify's market cap?
- Latest reported market cap for Shopify (SHOP) is $210.06B (period ending December 31, 2025).
How has Shopify market cap changed year-over-year?
- Shopify (SHOP) market cap changed -24.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Shopify market cap?
- Shopify (SHOP) market cap compound annual growth rate is -2.0% over the most recent 5 years available.
When did Shopify market cap hit its highest annual value?
- Shopify market cap reached its highest annual value of $210.06B in 2025.
What was Shopify market cap in 2025?
- Shopify (SHOP) market cap in 2025 was $210.06B.
What was Shopify market cap in 2026?
- Shopify (SHOP) market cap in 2026 was $158.24B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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SHOP Overview
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