Shopify Inc 's ROE per quarter

Return on Equity, Quarterly Results, Trends, Rankings, Statistics

What is ROE for Shopify Inc in the third quarter 2026?
Shopify Inc achieved a return on average equity (ROE) of 35.29 % in its third quarter 2026, this is above SHOP's average return on equity of 16.75%.
Shopify Inc s equity during the 12 months ending in the third quarter 2026 are valued at $12 billion

ROE decreased relative to the period ending , due to the decline in net income.

Within the Software & Programming industry 20 other companies had a higher return on equity. While Return on equity, overall ranking has advanced in the quarter, so far to 754, from total ROE ranking in the second quarter 2026 at 794.

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Return on Equity ROE▼

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Return on Equity ROE▼

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Return On Equity	(Sep 30 2026) III. Quarter	(Jun 30 2026) II. Quarter	(Mar 31 2026) I. Quarter	(Dec 31 2025) IV. Quarter	(Sep 30 2025) III. Quarter
Y / Y Equity Change	1.9 %	4.62 %	13.12 %	16.57 %	-
Y / Y Net Income Change	-19.23 %	261.7 %	-39.77 %	-42.54 %	-30.92 %
Net Income (TTM) in Millions	4,535	4,645	2,274	2,309	2,859
Return On Equity (TTM)	35.29 %	36.31 %	17.97 %	18.79 %	24.21 %
SHOP's Total Ranking	# 754	# 794	# 500	# 380	# 498
Equity (TTM) in Millions	12,749	12,684	12,501	13,473	12,511
Seq. Equity Change	0.51 %	1.46 %	-7.21 %	7.69 %	3.19 %
Seq. Net Income Change	-85.9 %	6083.02 %	-92.87 %	29.9 %	-36.87 %

Back to SHOP Management Effectiveness >> SHOP's 5 Years Annual ROE >> Compare SHOP ROE to its Competitors

Return On Equity Company Ranking
Within:	No.
Industry	# 21
Sector	# 63
Overall	# 754

Return On Equity Statistics
High	Average	Low
54.39 %	16.75 %	-9.62 %
(Dec 31 2021)		(Dec 31 2015)

SHOP Annual Return On Equity	(Dec 31 2025) 2025	(Dec 31 2024) 2024	(Dec 31 2023) 2023	(Dec 31 2022) 2022	(Dec 31 2021) 2021
Total Equity in Millions	13,473	11,558	8,239	11,133	6,401
Y / Y Equity Change	16.57 %	40.28 %	-25.99 %	73.93 %	112.24 %
Net Income in Millions	1,231	4,247	317	162	6,055
Y / Y Net Income Change	-71.01 %	1239.75 %	95.16 %	-97.32 %	981.54 %
Return On Equity	9.14 %	36.75 %	3.85 %	1.46 %	94.6 %

Back to SHOP Management Effectiveness >> SHOP's 5 Years Annual ROE >> Compare SHOP ROE to its Competitors

Annual Roe Comment

In 2025 ROE decreased compared to the previous year to 9.14 %, due to deterioration of net income.

More Return On Equity Ratios
Software & Programming Industry Roe Trends and Statistics
Technology Sector Return On Equity Statistics
SHOP's' Return on Equity at Yahoo Finance
SHOP's Roe Ratio versus Software & Programming Industry, Technology Sector and overall Market
Highest Ranking Return On Equity
Lowest Ranking Return On Equity
Subscribers only: Roe for SHOP's Competitors
Subscribers only: Roe for Shopify Inc 's Suppliers
Subscribers only: Return On Equity for SHOP's Customers

Companies with similar Return On Equity at Sep 30 2026, within Technology Sector	ROE
Manhattan Associates Inc	96.99 %
Micron Technology Inc	92.93 %
Kla Corporation	89.90 %
Commvault Systems Inc	83.26 %
Motorola Solutions inc	77.55 %
Automatic Data Processing Inc	76.51 %
Jabil Inc	71.67 %
Extreme Networks Inc	65.38 %
Adobe Inc	62.88 %
Cargurus Inc	62.43 %
Paycom Software Inc	53.39 %
Vertiv Holdings Co	45.50 %
Pegasystems Inc	45.30 %
Everquote Inc	44.77 %
Oracle Corporation	44.45 %
Alphabet Inc	42.62 %
Teradyne Inc	41.93 %
Texas Instruments Incorporated	40.51 %
Penguin Solutions Inc	40.37 %
Palantir Technologies Inc	39.51 %
Amphenol Corporation	39.48 %
Celestica Inc	38.31 %
Logitech International s a	36.60 %
Ul Solutions Inc	35.40 %
Shopify Inc	35.29 %
Lumentum Holdings Inc	34.76 %
Microsoft Corporation	34.15 %
Innodata inc	33.93 %
Iridium Communications Inc	32.93 %
International Business Machines Corporation	32.73 %

Date modified: 2026-11-04T15:25:46+00:00

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