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 September 18, 2026, SHOP stock price declined to $128.50 with 8,491,151 million shares trading.

SHOP has a beta of 2.30, meaning it tends to be more sensitive to market movements. SHOP has a correlation of 0.23 to the broad based SPY ETF.

SHOP has a market cap of $165.33 billion. This is considered a Large Cap stock.

Last quarter Shopify - Class A Subordinate Voting Shares reported $4 billion in Revenue and $.42 earnings per share. This beat revenue expectation by $145 million and exceeded earnings estimates by $.05.

In the last 3 years, SHOP traded as high as $182.19 and as low as $45.50.

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

SHOP has underperformed the market in the last year with a price return of -15.5% while the SPY ETF gained +16.8%. However, in the short term, SHOP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +18.1% vs +2.3% return in SPY. But in the last 2 weeks, SHOP shares have been beat by the market, returning -11.4% compared to an SPY return of -0.9%.

SHOP support price is $124.73 and resistance is $132.47 (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.