How Does SHOP Stock Compare With Its Peers Right Now?
Here is how Shopify (SHOP) stacks up against its peers in size, valuation, growth and margin.
- SHOP’s operating margin of 12.7% is decent, and higher than most peers – though lower than EBAY (22.3%).
- SHOP’s revenue growth of 26.5% in the last 12 months is solid, outpacing AMZN, EBAY, ETSY, WDAY but lagging SNOW.
- SHOP gained 185.7% in the past year and trades at a PE of 124.6, outperforming its peers.
| SHOP | AMZN | EBAY | ETSY | WDAY | SNOW | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 200.7 | 2,357.2 | 43.2 | 6.0 | 61.1 | 70.0 |
| Revenue ($ Bil) | 9.4 | 650.3 | 10.3 | 2.8 | 8.7 | 3.8 |
| PE Ratio | 124.6 | 35.7 | 21.2 | 32.0 | 125.4 | -50.1 |
| LTM Revenue Growth | 26.5% | 10.1% | 1.5% | 2.2% | 15.0% | 27.5% |
| LTM Operating Margin | 12.7% | 11.0% | 22.3% | 13.9% | 7.4% | -40.5% |
| LTM FCF Margin | 18.4% | 3.2% | 20.6% | 24.3% | 26.7% | 19.2% |
| 12M Market Return | 185.7% | 37.3% | 68.4% | 4.1% | 8.4% | 83.4% |
Shopify provides a global commerce platform enabling merchants to display, manage, market, and sell products across multiple sales channels.
Why does this matter? SHOP just went up 37.7% in a month – peer comparison puts stock performance, valuation, and financials in context – highlighting whether it is truly outperforming, lagging behind, and above all – can this continue? Read Buy or Sell SHOP Stock to see if Shopify holds up as a quality investment. Furthermore, there is always a risk of fall after a strong rally – see how the stock has dipped and recovered in the past through SHOP Dip Buyer Analysis lens.
While peer comparison is critical Trefis High Quality Portfolio evaluates much more, and is designed to reduce stock-specific risks while giving upside exposure.
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| SHOP | 26.5% | – | 25.8% | 26.1% | 21.4% |
| AMZN | 10.1% | – | 11.0% | 11.8% | 9.4% |
| EBAY | 1.5% | – | 1.7% | 3.2% | -6.0% |
| ETSY | 2.2% | – | 2.2% | 7.1% | 10.2% |
| WDAY | 15.0% | 16.4% | 16.8% | 21.0% | |
| SNOW | 27.5% | 29.2% | 35.9% | 69.4% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| SHOP | 12.7% | – | 12.1% | -1.1% | -14.7% |
| AMZN | 11.0% | – | 10.8% | 6.4% | 2.4% |
| EBAY | 22.3% | – | 22.5% | 19.2% | 24.0% |
| ETSY | 13.9% | – | 13.5% | 12.7% | 15.1% |
| WDAY | 7.4% | 5.9% | 2.5% | -2.9% | |
| SNOW | -40.5% | -40.2% | -39.0% | -40.8% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| SHOP | 76.8 | – | 67.9 | 756.3 | -12.7 |
| AMZN | 35.3 | – | 38.8 | 51.5 | -314.4 |
| EBAY | 17.0 | – | 15.6 | 8.4 | -18.2 |
| ETSY | 28.5 | – | 20.0 | 32.3 | -21.9 |
| WDAY | 127.8 | 130.1 | 52.2 | -116.2 | |
| SNOW | -34.8 | -40.0 | -78.1 | -57.4 |
The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.