Shopify Stock Revenue
| SHOP Stock | USD 106.48 2.54 2.44% |
Shopify fundamentals help investors to digest information that contributes to Shopify's financial success or failures. It also enables traders to predict the movement of Shopify Stock. The fundamental analysis module provides a way to measure Shopify's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Shopify stock.
| Last Reported | Projected for Next Year | ||
| Total Revenue | 7.1 B | 7.4 B |
Shopify | Revenue |
Shopify Company Revenue Analysis
Shopify's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Current Shopify Revenue | 7.06 B |
Most of Shopify's fundamental indicators, such as Revenue, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Shopify is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Historical and Projected quarterly revenue of Shopify
Projected quarterly revenue analysis of Shopify provides investors and stakeholders with an insight into the company's performance and growth prospects. When actual revenues of Shopify match or exceed analyst estimates, it positively influences investor confidence and market perception, often leading to a rise in Shopify's stock price.
Shopify Revenue Driver Correlations
Understanding the fundamental principles of building solid financial models for Shopify is extremely important. It helps to project a fair market value of Shopify Stock properly, considering its historical fundamentals such as Revenue. Since Shopify's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Shopify's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Shopify's interrelated accounts and indicators.
| 0.99 | 0.99 | -0.67 | 0.99 | 0.52 | ||
| 0.99 | 1.0 | -0.69 | 1.0 | 0.58 | ||
| 0.99 | 1.0 | -0.68 | 1.0 | 0.56 | ||
| -0.67 | -0.69 | -0.68 | -0.7 | -0.7 | ||
| 0.99 | 1.0 | 1.0 | -0.7 | 0.59 | ||
| 0.52 | 0.58 | 0.56 | -0.7 | 0.59 |
Click cells to compare fundamentals
Shopify Revenue Historical Pattern
Today, most investors in Shopify Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Shopify's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's revenue growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Shopify revenue as a starting point in their analysis.
Shopify Revenue |
| Timeline |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Shopify Current Deferred Revenue
Current Deferred Revenue |
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Based on the latest financial disclosure, Shopify reported 7.06 B of revenue. This is 73.22% higher than that of the IT Services sector and significantly higher than that of the Information Technology industry. The revenue for all United States stocks is 25.17% higher than that of the company.
Shopify Revenue Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Shopify's direct or indirect competition against its Revenue to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Shopify could also be used in its relative valuation, which is a method of valuing Shopify by comparing valuation metrics of similar companies.Shopify is currently under evaluation in revenue category among its peers.
Shopify Current Valuation Drivers
We derive many important indicators used in calculating different scores of Shopify from analyzing Shopify's financial statements. These drivers represent accounts that assess Shopify's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Shopify's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 44.9B | 135.3B | 171.7B | 44.0B | 99.8B | 52.4B | |
| Enterprise Value | 44.4B | 133.6B | 170.4B | 43.7B | 99.6B | 51.9B |
Shopify ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Shopify's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Shopify's managers, analysts, and investors.Environmental | Governance | Social |
Shopify Institutional Holders
Institutional Holdings refers to the ownership stake in Shopify that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Shopify's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Shopify's value.| Shares | Loomis, Sayles & Company Lp | 2024-06-30 | 15.5 M | Sands Capital Management, Llc | 2024-09-30 | 15.2 M | Norges Bank | 2024-06-30 | 14.2 M | Franklin Resources Inc | 2024-06-30 | 12.3 M | Bank Of Montreal | 2024-06-30 | 11.3 M | Bmo Capital Markets Corp. | 2024-06-30 | 11.3 M | Bank Of America Corp | 2024-06-30 | 10.6 M | Fidelity International Ltd | 2024-06-30 | 9.9 M | Td Asset Management Inc | 2024-09-30 | 9 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 97.1 M | Baillie Gifford & Co Limited. | 2024-09-30 | 63.4 M |
Shopify Fundamentals
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0563 | ||||
| Profit Margin | 0.16 % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 130.8 B | ||||
| Shares Outstanding | 1.21 B | ||||
| Shares Owned By Insiders | 0.18 % | ||||
| Shares Owned By Institutions | 70.58 % | ||||
| Number Of Shares Shorted | 21.62 M | ||||
| Price To Earning | 282.85 X | ||||
| Price To Book | 13.27 X | ||||
| Price To Sales | 16.39 X | ||||
| Revenue | 7.06 B | ||||
| Gross Profit | 2.75 B | ||||
| EBITDA | (8 M) | ||||
| Net Income | 132 M | ||||
| Cash And Equivalents | 1.65 B | ||||
| Cash Per Share | 3.88 X | ||||
| Total Debt | 1.15 B | ||||
| Debt To Equity | 0.15 % | ||||
| Current Ratio | 6.64 X | ||||
| Book Value Per Share | 7.05 X | ||||
| Cash Flow From Operations | 944 M | ||||
| Short Ratio | 3.89 X | ||||
| Earnings Per Share | 0.99 X | ||||
| Price To Earnings To Growth | 1.12 X | ||||
| Target Price | 108.27 | ||||
| Number Of Employees | 8.3 K | ||||
| Beta | 2.37 | ||||
| Market Capitalization | 141.3 B | ||||
| Total Asset | 11.3 B | ||||
| Retained Earnings | (390 M) | ||||
| Working Capital | 5.38 B | ||||
| Current Asset | 202.47 M | ||||
| Current Liabilities | 37.24 M | ||||
| Net Asset | 11.3 B |
About Shopify Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Shopify's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Shopify using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Shopify based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Shopify
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Shopify position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Shopify will appreciate offsetting losses from the drop in the long position's value.Moving together with Shopify Stock
| 0.73 | DJCO | Daily Journal Corp | PairCorr |
| 0.74 | AI | C3 Ai Inc Trending | PairCorr |
| 0.77 | AZ | A2Z Smart Technologies | PairCorr |
| 0.77 | BL | Blackline | PairCorr |
Moving against Shopify Stock
The ability to find closely correlated positions to Shopify could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shopify when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Shopify - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Shopify to buy it.
The correlation of Shopify is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shopify moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shopify moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Shopify can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Shopify Stock Analysis
When running Shopify's price analysis, check to measure Shopify's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.