Last Price$106.6(4.8%)
Market Cap$143.3B
LTM EBITDA margin
15.5%
5Y avg
8.2%
Software - Application industry
median
1.9%
Stock quality & Intrinsic value
8/10
(0.5%) overvalued
Shopify Inc. EBITDA margin
Annual
Quarterly
LTM
Industry median
Company stand-alone
Crunching data... Almost there!
| Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA margin | (3.6%) | (5.6%) | (16.1%) | (5.1%) | (6.0%) | (3.8%) | (6.4%) | (3.9%) | 5.5% | 7.3% | (6.8%) | (0.1%) | 15.1% |
Overvalued or undervalued?
Check the intrinsic value for SHOP
and see if it's the right time to invest.
Shopify Inc. (SHOP) EBITDA margin comparison analysis
General
LTM EBITDA margin
OTHER METRICS
Company name
Revenue growth
EPS growth
Net Income margin
Shopify Inc.SHOP
15.5%
25.8%
1,470.0%
22.7%
Median Peer Set
22.3%
15.0%
12.8%
18.6%
Coinbase Global, Inc.COIN
49.9%
111.2%
2,507.5%
39.3%
AppLovin CorporationAPP
46.8%
16.5%
N/A
10.9%
Cadence Design Systems, Inc.CDNS
33.9%
13.5%
0.8%
22.7%
SAP SESAP
28.2%
3.7%
67.5%
19.7%
Intuit Inc.INTU
26.4%
13.3%
24.8%
18.2%
Salesforce, Inc.CRM
18.3%
11.2%
1,923.8%
11.9%
ServiceNow, Inc.NOW
16.4%
22.4%
(18.4%)
13.0%
Uber Technologies, Inc.UBER
10.7%
18.0%
423.3%
22.4%
Workday, Inc.WDAY
5.0%
16.8%
N/A
19.0%
MicroStrategy IncorporatedMSTR
(402.1%)
(6.6%)
N/A
(251.7%)
SHOP key stats
USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
| Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
% growth | 23.7 0.0% | 50.3 111.9% | 105.0 109.0% | 205.2 95.4% | 389.3 89.7% | 673.3 72.9% | 1,073.2 59.4% | 1,578.2 47.0% | 2,929.5 85.6% | 4,611.9 57.4% | 5,599.9 21.4% | 7,060.0 26.1% | 8,880.0 25.8% |
| Cost of Goods Sold (COGS) | 4.8 | 13.5 | 43.2 | 94.2 | 179.8 | 293.1 | 477.0 | 712.5 | 1,388.0 | 2,130.7 | 2,845.7 | 3,545.0 | 4,408.0 |
% margin | 18.9 79.9% | 36.7 73.1% | 61.8 58.8% | 111.1 54.1% | 209.5 53.8% | 380.3 56.5% | 596.3 55.6% | 865.6 54.9% | 1,541.5 52.6% | 2,481.1 53.8% | 2,754.1 49.2% | 3,515.0 49.8% | 4,472.0 50.4% |
| Operating Expenses | 20.5 | 41.0 | 83.4 | 128.8 | 246.7 | 429.4 | 688.2 | 1,006.8 | 1,451.4 | 2,212.5 | 3,576.4 | 4,933.0 | 3,397.0 |
| Research & Development Expenses (R&D) | 6.5 | 13.7 | 25.9 | 39.7 | 74.3 | 136.0 | 230.7 | 355.0 | 552.1 | 854.4 | 1,503.2 | 1,730.0 | 1,367.0 |
| Selling, General & Administrative Expenses (SG&A) | 14.0 | 27.3 | 57.5 | 89.1 | 172.3 | 293.4 | 457.5 | 651.8 | 847.4 | 1,276.4 | 1,938.3 | 1,711.0 | 1,796.0 |
% margin | (1.5) (6.4%) | (4.3) (8.5%) | (21.6) (20.6%) | (17.8) (8.7%) | (37.2) (9.5%) | (49.2) (7.3%) | (91.9) (8.6%) | (141.1) (8.9%) | 90.2 3.1% | 268.6 5.8% | (822.3) (14.7%) | 260.0 3.7% | 1,075.0 12.1% |
| Interest Income | 0.1 | 0.0 | 0.1 | 0.2 | 1.5 | 7.9 | 29.4 | 48.2 | 23.4 | 15.4 | 79.1 | 241.0 | 0.0 |
| Interest Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.6 | 1.2 | 1.2 | 0.0 | 0.0 |
| Pre-tax Income | (1.2) | (4.8) | (22.3) | (18.8) | (35.4) | (40.0) | (64.6) | (95.8) | 240.4 | 3,140.6 | (3,622.8) | 185.0 | 2,228.0 |
% effective tax rate | (0.3) 22.9% | 0.6 (11.7%) | 0.7 (3.1%) | (1.0) 5.2% | 0.2 (0.5%) | (0.8) 2.1% | 27.4 (42.4%) | 29.0 (30.3%) | (79.1) (32.9%) | 225.9 7.2% | (162.4) 4.5% | 53.0 28.6% | 209.0 9.4% |
% margin | (1.2) (5.2%) | (4.8) (9.6%) | (22.3) (21.2%) | (18.8) (9.2%) | (35.4) (9.1%) | (40.0) (5.9%) | (64.6) (6.0%) | (124.8) (7.9%) | 319.5 10.9% | 2,914.7 63.2% | (3,460.4) (61.8%) | 132.0 1.9% | 2,019.0 22.7% |
| EPS | (0.00) | (0.00) | (0.02) | (0.03) | (0.04) | (0.04) | (0.06) | (0.11) | 0.28 | 2.32 | (2.73) | 0.10 | 1.57 |
| Diluted EPS | (0.00) | (0.00) | (0.02) | (0.03) | (0.04) | (0.04) | (0.06) | (0.11) | 0.27 | 2.27 | (2.73) | 0.10 | 1.55 |
% margin | (0.9) (3.6%) | (2.8) (5.6%) | (16.9) (16.1%) | (10.5) (5.1%) | (23.2) (6.0%) | (25.8) (3.8%) | (68.7) (6.4%) | (61.6) (3.9%) | 160.2 5.5% | 335.0 7.3% | (383.0) (6.8%) | (8.0) (0.1%) | 1,338.0 15.1% |
Discover more Stock Ideas
Undervalued stocks right now
Discover the top 20 best undervalued stocks to buy for Mar 2025, listed on the Nasdaq or NYSE.
3M Return 32.1%
S&P Outperformance 19.1%
Next 3M Predicted Return 20.3%
Undervalued growth stocks
Discover the top 20 best undervalued large-cap growth stocks to buy for Mar 2025, listed on the Nasdaq or NYSE.
3M Return 35.3%
S&P Outperformance 22.3%
Next 3M Predicted Return 26.8%
Undervalued dividend stocks
Discover the top 20 best undervalued high-yield dividend stock that offers both growth potential and attractive dividend returns for Mar 2025.
3M Return 28.4%
S&P Outperformance 15.4%
Next 3M Predicted Return 16.9%
FAQ
1) What is Shopify Inc.'s EBITDA margin?
As of today, Microsoft Corp's last 12-month EBITDA margin is 15.5%, based on the financial report for Dec 31, 2024 (Q4’2024). The average annual EBITDA margin for Shopify Inc. have been 11.2% over the past three years, and 8.6% over the past five years.
2) Is Shopify Inc.'s EBITDA margin Good?
As of today, Shopify Inc.'s EBITDA margin is 15.5%, which is higher than industry median of 1.9%. It indicates that Shopify Inc.'s EBITDA margin is Good.