Is Shopify Inc (SHOP) overvalued? · P/E 107, rev $11.56B
Shopify Inc (SHOP) is a software - application company listed on US. It is led by Tobi Lutke.
This page asks whether Shopify Inc (SHOP) looks expensive on cached numbers — not a short thesis.
Latest reported SHOP revenue for 2025-12-31 was $11.56B. Net income was $1.23B. Revenue was up 30.1% from 2024-12-31 to 2025-12-31. SHOP currently screens at market cap $142.15B and trailing P/E 107.4.
SHOP currently screens at market cap $142.15B and trailing P/E 107.4. A high multiple can be growth prepaid or a bubble. The filing has to explain the gap.
If the next SHOP 8-K cuts growth or raises capex, this “expensive” read gets worse. Until then the SEC page is the source.
Not investment advice. Use the SHOP stock page for the full model, not this heading.
Not investment advice.