SHOPIFY INC.(SHOP)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
SHOP Stock Analysis & AI Quality Score
AI stock analysis and institutional research for SHOPIFY INC. (SHOP), a Technology sector company. SHOP is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), SHOPIFY INC. reports quarterly revenue of $3.2B, net income of $-581.0M, an operating margin of 12.0%. Top institutional holders of SHOP by reported 13-F value include Capital International Investors, FMR, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. SHOP trades on the Nasdaq exchange and files with the SEC under CIK 1594805. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SHOP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SHOPIFY INC. directly from SEC EDGAR.
Revenue
Q1 2026
$3.2B
Net Income
Q1 2026
$-581.0M
Free Cash Flow
Q1 2026
$476.0M
Operating Margin
Q1 2026
12.0%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+30.1% YoYNet Income
-39.0% YoYOperating Income
+36.6% YoYEPS (Diluted)
-39.4% YoYTotal Assets
+9.1% YoYOp. Cash Flow
+25.8% YoY| Metric | FY 2025 | FY 2024 | FY 2022 |
|---|---|---|---|
| Revenue | $11.56B +30.1% | $8.88B +58.6% | $5.60B |
| Net Income | $1.23B -39.0% | $2.02B +158.4% | $-3.46B |
| Operating Income | $1.47B +36.6% | $1.07B +230.8% | $-822.0M |
| EPS (Diluted) | $0.94 -39.4% | $1.55 +156.8% | $-2.73 |
| Total Assets | $15.19B +9.1% | $13.92B +29.4% | $10.76B |
| Operating Cash Flow | $2.03B +25.8% | $1.62B +1288.2% | $-136.0M |
AI Insight: SHOP Ratio Trends
Shopify's profitability swings wildly quarter-to-quarter; Q4 2025 spike masks underlying seasonal volatility in margins and returns.
• Operating margin improved from 8.6% in Q1 2025 to 17.2% in Q4 2025, then declined to 12.0% in Q1 2026.
• ROIC ranged from 7.3% (Q1 2025) to 18.7% (Q4 2025) to 12.2% (Q1 2026), reflecting sharp quarterly earnings swings.
• Net profit margin swung from -28.9% in Q1 2025 to +20.2% in Q4 2025 to -18.3% in Q1 2026.
⚠ Q1 2026 shows negative NPM and ROA despite positive ROIC—earnings volatility masks operational health. Quarterly trends merit deeper scrutiny.
⚠ TTM metrics (OpMargin 13.3%, NPM 10.8%, ROIC 13.2%) smooth Q1 2026 weakness but mask severe Q1 seasonal headwinds.
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Available Research
13F Pro tracks comprehensive data for SHOPIFY INC. including:
Top Institutional Holders of SHOP
Capital International Investors
$5.9B50,060,088 shFMR LLC
$5.4B45,834,484 shVANGUARD CAPITAL MANAGEMENT LLC
$4.0B33,735,144 shCapital World Investors
$4.0B33,696,844 shBAILLIE GIFFORD & CO
$3.4B29,021,841 shMORGAN STANLEY
$2.9B24,704,666 shROYAL BANK OF CANADA
$2.6B21,658,696 shFIL Ltd
$2.2B18,226,469 shJENNISON ASSOCIATES LLC
$1.9B16,299,259 shLOOMIS SAYLES & CO L P
$1.7B14,403,445 sh
| Fund | Value | Shares |
|---|---|---|
| Capital International Investors | $5.9B | 50,060,088 |
| FMR LLC | $5.4B | 45,834,484 |
| VANGUARD CAPITAL MANAGEMENT LLC | $4.0B | 33,735,144 |
| Capital World Investors | $4.0B | 33,696,844 |
| BAILLIE GIFFORD & CO | $3.4B | 29,021,841 |
| MORGAN STANLEY | $2.9B | 24,704,666 |
| ROYAL BANK OF CANADA | $2.6B | 21,658,696 |
| FIL Ltd | $2.2B | 18,226,469 |
| JENNISON ASSOCIATES LLC | $1.9B | 16,299,259 |
| LOOMIS SAYLES & CO L P | $1.7B | 14,403,445 |
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Popular Research
Is SHOP a good stock to buy?
13F Pro's AI-powered analysis of SHOPIFY INC. (SHOP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SHOP are available on the SHOP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own SHOP?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SHOP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SHOPIFY INC.'s investment landscape.