Added to YB: 2026-05-15
Pitch date: 2026-05-13
SHOP [neutral]
Shopify Inc.
+22.49%
current return
Author Info
Bob’s Payment Stock Substack is a former analyst and portfolio manager. Fundamental buy-and-hold investor. Talking stocks and markets. Focus on Payments, Financial Technology, and Payroll and HCM. Sign up for the newsletter.
Company Info
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.
Market Cap
$154.4B
Pitch Price
$95.40
Price Target
N/A
Dividend
N/A
EV/EBITDA
69.00
P/E
116.94
EV/Sales
11.98
Sector
IT Services
Category
growth
Payments and FinTech Earnings Recap: Q1 2026 - Shopify Inc.
SHOP (earnings): Q1 FXN GMV +30% (2nd consecutive >$100B quarter), payments penetration 67% (+3pts YoY) drove 41% volume growth, GAAP op profit +78%. But Q2 guide disappoints: rev growth high-20s (vs 35% Q1), gross profit mid-20s (vs 32%). LLM costs pressuring subscription margins. Trades mid-50s EV/2026 EBITDA—expensive amid agentic commerce uncertainty.
Read full article (1 min)