Shopify
SHOP · NYSE · Technology
$142.34
$5.21 (-3.66%) today
Market Cap
$184.71B
24h Volume
$3.0B
P/E Ratio
96.2
52w High
$179.01
52w Low
$95.40
Est. AI Revenue
14%
7-Day Sparkline (Static)
Company facts
Performance
About Shopify
Shopify sells the software that powers online stores. Merchants pay subscriptions for its e-commerce platform and Shopify takes a cut of payments processed through it, so revenue grows with the number of merchants and the volume they sell.
Its AI tools are built for those merchants: Shopify Magic generates product descriptions and content, the Sidekick AI assistant answers questions and automates store tasks, and AI product recommendations help shoppers find items. These features make the platform more useful without changing what merchants fundamentally pay for.
Founded in 2006 and headquartered in Ottawa, Canada, Shopify employs about 7,600 people under co-founder and CEO Tobi Lutke, and its shares trade on the NYSE.
Shopify in the AI buildout
Shopify sits in the AI Applications layer of the buildout, as a commerce platform that bundles AI rather than sells it. Magic and Sidekick lower the effort of running a store, which helps retain merchants and win new ones. But Shopify's growth tracks merchant sales volume, not AI infrastructure spending, so the buildout passes through its product rather than its revenue line. Supercycle scores its AI exposure at 15 out of 100.
SHOP is tracked in AI Applications, rated Peripheral on the AI Exposure leaderboard.
By the numbers
52-week range
SHOP trades at $142.34, 56% of the way up its 52-week range of $95.40 to $179.01.
Market cap
Market capitalization is $184.71B, with an AI Exposure Score of 15 out of 100.
Valuation vs peers
Its P/E ratio of 96.2 is above the AI Applications category median of 28.1.
Next earnings
Shopify is next expected to report earnings on November 3, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Shopify do?
Shopify sells e-commerce software and payments to merchants. Businesses use its platform to run online stores, and Shopify earns subscriptions plus a share of the payment volume they process.
How is Shopify exposed to AI?
Shopify bundles AI tools like Sidekick and Magic into its platform to help merchants create content and automate tasks. Growth tracks merchant sales volume, so Supercycle scores its AI exposure at 15 out of 100.
What are Shopify's main AI products?
Shopify Magic for generating content and product descriptions, the Sidekick AI assistant for store management, and AI product recommendations for shoppers.
Who leads Shopify and where is it based?
Co-founder Tobi Lutke is CEO. Shopify is headquartered in Ottawa, Canada, was founded in 2006, employs about 7,600 people, and trades on the NYSE.
Is SHOP a pure play AI stock?
No. Shopify is an e-commerce platform that uses AI to improve its product. Its Supercycle AI Exposure Score of 15 out of 100 reflects limited direct exposure to the AI buildout.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.