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 April 24, 2026, SHOP stock price climbed to $125.83 with 6,421,346 million shares trading.

SHOP has a beta of 2.80, meaning it tends to be more sensitive to market movements. SHOP has a correlation of 0.39 to the broad based SPY ETF.

SHOP has a market cap of $163.70 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 $45.50.

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 +32.3% while the SPY ETF gained +31.9%. However, in the short term, SHOP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -8.7% vs +3.8% return in SPY. But in the last 2 weeks, SHOP shares have fared better than the market returning +13.6% compared to SPY +5.1%.

SHOP support price is $119.27 and resistance is $129.20 (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.