SHOP Stock Summary and Trading Ideas (Shopify - Class A Subordinate Voting Shares | NASDAQ:SHOP)

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

Shopify - Class A Subordinate Voting Shares trades on the NASDAQ stock market under the symbol SHOP.

As of March 13, 2026, SHOP stock price declined to $122.96 with 7,328,753 million shares trading.

SHOP has a beta of 2.69, meaning it tends to be more sensitive to market movements. SHOP has a correlation of 0.53 to the broad based SPY ETF.

SHOP has a market cap of $160.47 billion. This is considered a Large Cap stock.

Last quarter Shopify - Class A Subordinate Voting Shares reported $4 billion in Revenue and $.48 earnings per share. This beat revenue expectation by $86 million and exceeded earnings estimates by $.01.

In the last 3 years, SHOP traded as high as $182.19 and as low as $42.02.

The top ETF exchange traded funds that SHOP belongs to (by Net Assets): QQQ, QQQM, CGGR, ARKK, JEPQ.

SHOP has outperformed the market in the last year with a price return of +35.7% while the SPY ETF gained +21.4%. However, in the short term, SHOP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -25.1% vs -2.6% return in SPY. But in the last 2 weeks, SHOP shares have fared better than the market returning +1.8% compared to SPY -3.5%.

SHOP support price is $120.55 and resistance is $131.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SHOP shares will trade within this expected range on the day.