Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

How to buy Shopify stock (SHOP)

Buy Shopify stock in 5 easy steps, view past price performance and learn what’s ahead for the company.

Shopify Inc., founded in 2006 and headquartered in Ottawa, Ontario, is a leading Canadian multinational e-commerce company. It offers the Shopify platform, a proprietary e-commerce platform for online stores and retail point-of-sale systems. The platform provides a suite of services, including payments, marketing, shipping and customer engagement tools, catering to over 2 million businesses in approximately 175 countries. Shopify's mission is to help people achieve independence by making it easier to start, run and grow a business, thereby reducing the barriers to business ownership and making commerce better for everyone

Our top picks for where to buy Shopify stock

Top pick for advanced traders

Go to site
  • Trade options, futures, options on futures, stocks, ETFs
  • $0 commission to close options
  • Pro-grade platform and risk analysis tools

Our pick for investing by theme

Go to site
  • Trade $0 commission stocks & ETFs with as little as $1
  • Theme and ETF screener
  • Discover new opportunities with Opto's AI-driven classification system

Our pick for transfer bonus

Go to site
  • Trade stocks, options, ETFs, mutual funds, alternative asset funds
  • $0 commission on stocks, ETFs and options, with no options contract fees
  • Complimentary access to a financial planner and automated investing

How to buy Shopify stock

  1. Choose a stock trading platform. Use our comparison table
  2. Open an account. Provide your personal information and sign up.
  3. Fund your account. Deposit funds into your account by linking your banking information or transfer funds from another trading account.
  4. Search for the stock name – SHOP. Search for the stock by name or ticker symbol.
  5. Buy the stock. Place your order. It's that simple.

Buy Shopify stock from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.
1 - 4 of 4
Name Product USFST Ratings Available asset types Stock trade fee Minimum deposit Cash sweep APY Signup bonus
Tastytrade
Finder Score: 4.4 / 5: ★★★★★
Tastytrade
★★★★★
Stocks, Options, ETFs, Cryptocurrency, Futures, Treasury Bills
$0
$0
N/A
Get $50-$5,000
Competitive, capped options commissions, with a reliable trading platform designed for serious traders.
OPTO
Finder Score: 3.1 / 5: ★★★★★
OPTO
★★★★★
Stocks, ETFs
$0
$0
N/A
Earn up to $300
AI-driven thematic investing, with proprietary research, fractional shares and commission-free stocks and ETFs.
SoFi Invest®
Finder Score: 4.2 / 5: ★★★★★
SoFi Invest®
★★★★★
Stocks, Options, Mutual funds, ETFs, Alternatives
$0
$0
0.02%
Get up to $1,000 in stock
Zero-commission stocks, ETFs and options, with no options per-contract fees. Plus, a no-advisory-fee robo-advisor and complimentary access to financial planners.
Robinhood
Finder Score: 4.5 / 5: ★★★★★
Robinhood
★★★★★
Stocks, Options, ETFs, Cryptocurrency
$0
$0
4.5%
Get a free stock
Trade stocks, options, ETFs and crypto without commissions and on a user-friendly platform. Plus, a 1% IRA match and no options contract fees.
loading

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

Shopify stock price (NYSE: SHOP)

Use our graph to track the performance of SHOP stocks over time.

Shopify shares at a glance

Information last updated 2024-11-05.
Open$0.00
High$0.00
Low$0.00
Close$0.00
Previous close$0.00
Change $0.00
Change % N/A%
Volume 0
Information last updated 2024-11-01.
52-week range$48.56 - $91.57
50-day moving average $77.49
200-day moving average $72.13
Wall St. target price$108.65
PE ratio 79
Dividend yield N/A
Earnings per share (TTM) $0.99

Is it a good time to buy Shopify stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Shopify price performance over time

Historical closes compared with the close of $78.44 from 2024-11-01

1 week (2024-10-29) -2.43%
1 month (2024-10-04) -4.84%
3 months (2024-08-06) 44.67%
6 months (2024-05-06) 1.38%
1 year (2023-11-06) 29.80%
2 years (2022-11-04) 143.98%
3 years (2021-11-02) 1476.64
5 years (2019-11-06) 295.02

Is Shopify stock undervalued or overvalued?

Valuing Shopify stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Shopify's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Shopify's P/E ratio

Shopify's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 79x. In other words, Shopify shares trade at around 79x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Shopify's PEG ratio

Shopify's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1192. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Shopify's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Shopify's EBITDA

Shopify's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $991 million.

The EBITDA is a measure of a Shopify's overall financial performance and is widely used to measure a its profitability.

Shopify financials

Revenue TTM $7.8 billion
Operating margin TTM 13.84%
Gross profit TTM $2.8 billion
Return on assets TTM 5.63%
Return on equity TTM 15.31%
Profit margin 16.4%
Book value $7.11
Market Capitalization $103.2 billion

TTM: trailing 12 months

Shopify share dividends

We're not expecting Shopify to pay a dividend over the next 12 months.

Have Shopify's shares ever split?

Shopify's shares were split on a 10:1 basis on 28 June 2022 . So if you had owned 1 share the day before before the split, the next day you'd have owned 10 shares. This wouldn't directly have changed the overall worth of your Shopify shares – just the quantity. However, indirectly, the new 90% lower share price could have impacted the market appetite for Shopify shares which in turn could have impacted Shopify's share price.

Shopify share price volatility

Over the last 12 months, Shopify's shares have ranged in value from as little as $48.56 up to $91.57. A popular way to gauge a stock's volatility is its "beta".

SHOP.US volatility(beta: 2.36)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Shopify's is 2.361. This would suggest that Shopify's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Shopify overview

Shopify Inc. , a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011.

Frequently asked questions

OVERWRITE^ Is Shopify stock a buy or hold?
Based on the information available, Shopify (NYSE: SHOP) stock is currently rated as a ""Buy"" by analysts, with a 12-month stock price forecast of $63.98, representing a decrease of -10.06% from the latest price. Where will Shopify stock be in five years?
The stock has been the subject of various analyst actions, with some downgrades and upgrades based on the company's performance and investor day events. What is Shopify stocks called?
Shopify stock is publicly traded on the New York Stock Exchange under the ticker symbol "SHOP." Is Shopify publicly traded?
As for where Shopify stock will be in five years, the future performance of the stock is uncertain and depends on various factors, including the company's growth, market conditions and industry trends."
What percentage of Shopify is owned by insiders or institutions?
Currently 0.183% of Shopify shares are held by insiders and 70.154% by institutions.
How many people work for Shopify?
Latest data suggests 8,300 work at Shopify.
When does the fiscal year end for Shopify?
Shopify's fiscal year ends in December.
Where is Shopify based?
Shopify's address is: 151 O'Connor Street, Ottawa, ON, Canada, K2P 2L8
What is Shopify's ISIN number?
Shopify's international securities identification number is: US82509L1070
What is Shopify's CUSIP number?
Shopify's Committee on Uniform Securities Identification Procedures number is: 82509L107
Dhara Singh's headshot
Written by

Writer

Dhara Singh was a freelance personal finance writer at Finder specializing in loans. Formerly she was a top 10 journalist at Yahoo Finance with more than 38+ million content views where she covered retirement and mortgages. She has also written for Bankrate, and CNET and continues to write for a variety of outlets, such as Investopedia and Worth magazine. Her articles focus on equipping readers with the right information and data so they can make the most informed decisions related to their finances. Dhara previously worked as an insights analyst for Finder’s PR team, where she started the Deadliest Cities to Drive series in 2018, connecting interesting data analysis to a suite of car insurance products. When she’s not writing, Dhara coaches small business owners through her Stories to Sales programs and empowers them to use their life experiences to help other people. She has also self-published a poetry book on Amazon called Tell her She’s Lovely. Dhara holds a B.S. in Finance and Supply Chain Management from Rutgers University and a M.S. in Journalism from Columbia University. See full bio

More guides on Finder

Ask a question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site