Shopify (SHOP) - P/S ratio

P/S ratio as of January 2026 (TTM): 20.2

According to Shopify's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 17.2. At the end of 2025 the company had a P/S ratio of 17.1.

P/S ratio history for Shopify from 2015 to 2025

PS ratio at the end of each year

Year	P/S ratio	Change
2025	17.1	7.48%
2024	15.9	12.23%
2023	14.2	79.72%
2022	7.88	-78.81%
2021	37.2	-20.69%
2020	46.9	60.87%
2019	29.2	104.52%
2018	14.3	-4.4%
2017	14.9	52.54%
2016	9.78	-2.35%
2015	10.0

P/S ratio for similar companies or competitors

Company	P/S ratio	P/S ratio differencediff.	Country
MercadoLibre MELI	4.20	-79.18%	🇦🇷 Argentina
Stamps.com STMP	N/A	N/A	🇺🇸 USA
Etsy ETSY	2.16	-89.29%	🇺🇸 USA
Shoper SHO.WA	7.70	-61.77%	🇵🇱 Poland

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
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P/S ratio for Shopify (SHOP)

P/S ratio as of January 2026 (TTM): 20.2