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SHOP US​
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Shopify Inc. Class A(SHOP US)

$147.33+0.550.38%(Market Open · 19:52:11 UTC)
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Overview

ProfileEntity Structure

Documents

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  • Home
  • AI Agent
  • Annotations
  • Files
  • Pricing and plans
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    Terms of servicePrivacy policy
  • Get the full experience

    We save the real magic for signed-in users.

SHOP US​
HomeStock ScreenerDocument SearchChartingWatchlistsRecent Filings

Shopify Inc. Class A(SHOP US)

$147.33+0.550.38%(Market Open · 19:52:11 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Shopify Inc. Class A — Company Profile

Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.

Sector
Industrials
Industry
Professional Services
Exchange
UQ
CEO
Tobias Lutke
Headquarters
Ottawa, A6, CA
IPO Date
May 20, 2015
Employees
7,600
Website
www.shopify.com

Key Metrics

Price
$151.39
Market Cap
$196.45B
Revenue (TTM)
$3.17B
Net Income (TTM)
$-581000000.00
EPS (TTM)
-0.45
P/E (TTM)
147.49
P/B (TTM)
15.66
Dividend Yield
0.00%
ROE (TTM)
-4.63%
ROA (TTM)
-4.10%
Operating Margin
12.05%
Beta
1.37

Shopify Inc. Class A — Company Profile

Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.

Sector
Industrials
Industry
Professional Services
Exchange
UQ
CEO
Tobias Lutke
Headquarters
Ottawa, A6, CA
IPO Date
May 20, 2015
Employees
7,600
Website
www.shopify.com

Key Metrics

Price
$151.39
Market Cap
$196.45B
Revenue (TTM)
$3.17B
Net Income (TTM)
$-581000000.00
EPS (TTM)
-0.45
P/E (TTM)
147.49
P/B (TTM)
15.66
Dividend Yield
0.00%
ROE (TTM)
-4.63%
ROA (TTM)
-4.10%
Operating Margin
12.05%
Beta
1.37

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.

Website
www.shopify.com
Location
Ottawa, A6, CA
Phone16132412828
Employees7,600
CEOTobias Lutke
Sector
Industrials
Industry
Professional Services
IPO DateMay 20, 2015

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(542)

Expand
  • Form 4SHOPIFY INC.04:08PM
  • S-3ASRAutomatic shelf registration statement (S-3)3 Nov
  • 10-QQ3ended 30 Sept 20263 Nov
  • 8-KResults of Operations and Financial Condition3 Nov
  • Form 144Hoffmeister Jeff25 Sep
  • Form 144Niehaus Jean18 Sep
  • Form 144Finkelstein Harley18 Sep
  • Form 144Hertz Jessica18 Sep
  • Form 144Hoffmeister Jeff14 Sep
  • Form 144Lutke Tobias4 Sep
  • SC 13D/AKlaviyo, Inc.31 Aug
  • Form 4SHOPIFY INC.31 Aug
  • Form 144Hertz Jessica27 Aug
  • Form 144Goodman Gail F7 Aug
  • Form 144Niehaus Jean6 Aug
  • Form 144Goodman Gail F5 Aug
  • 10-QQ2ended 30 Jun 20265 Aug
  • 8-KResults of Operations and Financial Condition5 Aug
  • SC 13GSHOPIFY INC.30 Jul
  • Form 144Goodman Gail F28 Jul

News

  • Chewy vs. Shopify: Which Consumer Stock Is a Better Buy for 2027?06:42PM
  • The Post-Midterm Rally Clock Is Ticking—and These 3 AI Stocks Stand Out12 Nov
  • The 3 Best Stocks to Invest $3,000 in Right Now12 Nov
  • Nasdaq Sell-Off: 2 Stocks to Buy on the Dip and Hold for 5 Years11 Nov
  • Advance Auto Parts vs. Shopify: Which Consumer Stock Is a Better Buy for 2027?11 Nov
  • Goldman, Citi and the $270 Million Fight Over Your Bank Deposit11 Nov
  • Shopify Inc. (SHOP) Is a Trending Stock: Facts to Know Before Betting on It10 Nov
  • CenterBook Partners LP Purchases 11,094 Shares of Shopify Inc. $SHOP10 Nov
  • Shopify Is Down 10% in 1 Month. Here's Why I'd Still Buy and Hold It for the Next Decade.9 Nov
  • Brokers Suggest Investing in Shopify (SHOP): Read This Before Placing a Bet9 Nov
  • Veloce Brand, Agency, Esports Partnerships and Quadrant Drive SEGG Media Q2 1,584% Revenue Increase9 Nov
  • These 3 Stocks Just Fell After Strong Earnings. Here’s the One I’d Buy Right Now9 Nov
  • 2 Brilliant Stocks to Buy in November and Hold Forever7 Nov
  • Shopify: A $185B E-Commerce Empire Growing 30%+ Annually6 Nov
  • Shopify Stock Falls Despite Strong AI-Powered Growth. Should Investors Buy the Dip?6 Nov
  • Top Funds Feast On Shell, Microsoft, Palantir And 24 More Stocks6 Nov
  • Breakfast News: Staying Calm in a Correction6 Nov
  • The Biggest Stock Winners and Losers From the Midterm Elections6 Nov
  • BEKE or SHOP: Which Is the Better Value Stock Right Now?5 Nov
  • Shopify Sees Unusually High Options Volume (NASDAQ:SHOP)5 Nov

Mentions in Filings

  • … 51 ITEM 3. LEGAL PROCEEDINGS Except as set forth below, we are not currently involved in any material legal proceedings, other than ordinary routine litigation incidental to the business, to which we or any of our subsidiaries is a party or of which any of their property is subject. On June 9, 2025, we filed a lawsuit against Shopify, Inc., in the U.S. District Court for the District of Minnesota asserting federal and state antitrust violation …
    Sezzle Inc.Shopify Inc. Class A·ARS - Annual report to security holders·FY25·12 Nov
  • … at quarter-end, answer complex employee leave questions, and reroute supplier orders mid-shipment. SAP beneficially owns less than 1% of Anthropic’s outstanding capital stock, on an as-converted basis. 4.11.15 Shopify <strong>Shopify Inc.</strong> (“Shopify”) powers commerce for millions of businesses worldwide with a platform that makes it simpler to start, run and grow a business. Shopify built Sidekick, its AI commerce assistant, to make it easier for merchan …
    Anthropic, PBCShopify Inc. Class A·FWP - Free writing prospectus·Q4 26·12 Nov
  • In fiscal year 2021, we granted warrants in exchange for the opportunity to acquire new merchant partners through a commercial agreement with <strong>Shopify Inc.</strong> (“Shopify”). We recognized an asset of $270.6 million based on the grant-date fair value of the vested warrants. We record amortization expense related to the commercial agreement asset in our interim condensed consolidated statements of operations and comprehensive income as a component of sal …
    Affirm Holdings, Inc.Shopify Inc. Class A·10-Q - Quarterly report Q1·Q1 27·5 Nov
  • On September 16, 2022, a lawsuit captioned My Choice Software, LLC vs. TaskUs, Inc., Tassilo Heinrich, Shopify, Inc., Shopify Holdings (USA) Inc., Shopify (USA) Inc., Does 1-50, No. 22-cv-1710 was filed in the United States District Court, Central District of California. The complaint alleges the defendants profited off of the plaintiff's information. The complaint seeks unspecified damages and an award of costs and expenses, including reasonable …
    TaskUs, Inc.Shopify Inc. Class A·10-Q - Quarterly report Q3·Q3 26·5 Nov
  • On June 9, 2025, we filed a lawsuit against Shopify, Inc., in the U.S. District Court for the District of Minnesota asserting federal and state antitrust violations. The lawsuit alleges that Shopify has been engaging and continues to engage in monopolistic and anticompetitive business practices in order to stifle competition for “buy now, pay later” service options on Shopify’s e-commerce platform. Sezzle is seeking an injunction to prevent Shopi …
    Sezzle Inc.Shopify Inc. Class A·10-Q - Quarterly report Q3·Q3 26·4 Nov
  • As of December 31, 2025, approximately 77.9% of our ARR was derived from customers who also use <strong>Shopify Inc.</strong>’s (and together with certain affiliates, “Shopify”) platform, while only approximately 7.4% of our new ARR in 2025 was derived from customers that came to us through the Shopify app store. Shopify also helps to promote our brand by referring new customers to us, and under our partnership with Shopify, we are the recommended email solution …
    Klaviyo, Inc.Shopify Inc. Class A·10-Q - Quarterly report Q3·Q3 26·4 Nov

Key Stats

Trading

Px/Chg 1D$151.39 / +1.54%
Prev Close$152.90
% of 52Wk H80.89%
Avg Volume10.16M
Beta1.37
Mkt Cap196.45B
FD Mkt Cap191.24B

Float

Shrs Out/Float1.30B / 1.22B
Short Float0.02%
Days to Cover2.21
Stock Repurchased$491.00M

Current Valuation

EV194.78B
EV/EBITDA332.38
EV/Sales15.75
P/B15.66
P/S15.89
FCF Yield0.24%
ROE-4.63%
ROA-4.10%
Current Ratio6.20

Estimates

P/E147.49
Est P/E0.00
Est EPS0.33
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings135.32-16.93748.0660.59222.99-338.13
Price / Sales29.0610.4613.9913.7845.1261.97
Price / Book Value11.317.1110.8910.5812.3015.66
Price / Free Cash Flow103.03-315.00109.1176.60231.72412.71
ENTERPRISE VALUE METRICS
Enterprise Value127,579.458,337.298,480.8121,965.8164,335.8194,777.5
Enterprise Value / Sales28.8610.4213.9513.7344.7561.44
Enterprise Value / EBITDA136.69-98.21683.8991.16317.25-310.65
Enterprise Value / EBIT270.79-84.921,330.8293.68321.60-307.22

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue25.8%4,611.95,600.07,060.08,880.011,556.0
Gross Income22.3%2,481.12,754.03,515.04,472.05,555.0
EBITDA-16.8%3,208.1-594.0144.01,338.01,540.0
EBIT-16.8%3,141.7-687.074.01,302.01,509.0
Net Income-19.4%2,914.7-3,460.0132.02,019.01,231.0
EPS (Diluted)-19.8%2.27-2.730.101.550.94
BALANCE SHEET
Cash & ST Inv-7.2%7,768.15,053.05,008.05,479.05,767.0
Total Assets3.3%13,340.210,757.011,299.013,924.015,189.0
Total Liabilities-6.1%2,206.82,518.02,233.02,366.01,716.0
Total Shareholder Equity4.9%11,133.38,239.09,066.011,558.013,473.0
CASH FLOW
Net Operating Cash Flow39.6%535.7-136.0944.01,616.02,033.0
Cap Ex-15.4%-50.8-50.0-39.0-19.0-26.0
Free Cash Flow42.6%484.9-186.0905.01,597.02,007.0

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)147.11
Basic Shares1,297.65
Market Cap190,898.0
Diluted Shares1,290.73
Fully Diluted Shares Outstanding1,290.73
Fully Diluted Market Cap189,878.8
+Consolidated Debt188.0
−In-the-Money Convertible Debt—
+Capital Leases188.0
+Operating Leases—
−Cash & Equivalents-1,868.0
−Short-term Investments-2,859.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value189,218.0

Segment data

Revenue

by Products and services

  • Service76%
  • Subscription And Circulation24%

Revenue

by Geography

  • United States64%
  • Emea19%
  • Apac10%
  • Canada5%
  • Latin America1%

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Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.

Website
www.shopify.com
Location
Ottawa, A6, CA
Phone16132412828
Employees7,600
CEOTobias Lutke
Sector
Industrials
Industry
Professional Services
IPO DateMay 20, 2015

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(542)

Expand
  • Form 4SHOPIFY INC.04:08PM
  • S-3ASRAutomatic shelf registration statement (S-3)3 Nov
  • 10-QQ3ended 30 Sept 20263 Nov
  • 8-KResults of Operations and Financial Condition3 Nov
  • Form 144Hoffmeister Jeff25 Sep
  • Form 144Niehaus Jean18 Sep
  • Form 144Finkelstein Harley18 Sep
  • Form 144Hertz Jessica18 Sep
  • Form 144Hoffmeister Jeff14 Sep
  • Form 144Lutke Tobias4 Sep
  • SC 13D/AKlaviyo, Inc.31 Aug
  • Form 4SHOPIFY INC.31 Aug
  • Form 144Hertz Jessica27 Aug
  • Form 144Goodman Gail F7 Aug
  • Form 144Niehaus Jean6 Aug
  • Form 144Goodman Gail F5 Aug
  • 10-QQ2ended 30 Jun 20265 Aug
  • 8-KResults of Operations and Financial Condition5 Aug
  • SC 13GSHOPIFY INC.30 Jul
  • Form 144Goodman Gail F28 Jul

News

  • Chewy vs. Shopify: Which Consumer Stock Is a Better Buy for 2027?06:42PM
  • The Post-Midterm Rally Clock Is Ticking—and These 3 AI Stocks Stand Out12 Nov
  • The 3 Best Stocks to Invest $3,000 in Right Now12 Nov
  • Nasdaq Sell-Off: 2 Stocks to Buy on the Dip and Hold for 5 Years11 Nov
  • Advance Auto Parts vs. Shopify: Which Consumer Stock Is a Better Buy for 2027?11 Nov
  • Goldman, Citi and the $270 Million Fight Over Your Bank Deposit11 Nov
  • Shopify Inc. (SHOP) Is a Trending Stock: Facts to Know Before Betting on It10 Nov
  • CenterBook Partners LP Purchases 11,094 Shares of Shopify Inc. $SHOP10 Nov
  • Shopify Is Down 10% in 1 Month. Here's Why I'd Still Buy and Hold It for the Next Decade.9 Nov
  • Brokers Suggest Investing in Shopify (SHOP): Read This Before Placing a Bet9 Nov
  • Veloce Brand, Agency, Esports Partnerships and Quadrant Drive SEGG Media Q2 1,584% Revenue Increase9 Nov
  • These 3 Stocks Just Fell After Strong Earnings. Here’s the One I’d Buy Right Now9 Nov
  • 2 Brilliant Stocks to Buy in November and Hold Forever7 Nov
  • Shopify: A $185B E-Commerce Empire Growing 30%+ Annually6 Nov
  • Shopify Stock Falls Despite Strong AI-Powered Growth. Should Investors Buy the Dip?6 Nov
  • Top Funds Feast On Shell, Microsoft, Palantir And 24 More Stocks6 Nov
  • Breakfast News: Staying Calm in a Correction6 Nov
  • The Biggest Stock Winners and Losers From the Midterm Elections6 Nov
  • BEKE or SHOP: Which Is the Better Value Stock Right Now?5 Nov
  • Shopify Sees Unusually High Options Volume (NASDAQ:SHOP)5 Nov

Mentions in Filings

  • … 51 ITEM 3. LEGAL PROCEEDINGS Except as set forth below, we are not currently involved in any material legal proceedings, other than ordinary routine litigation incidental to the business, to which we or any of our subsidiaries is a party or of which any of their property is subject. On June 9, 2025, we filed a lawsuit against Shopify, Inc., in the U.S. District Court for the District of Minnesota asserting federal and state antitrust violation …
    Sezzle Inc.Shopify Inc. Class A·ARS - Annual report to security holders·FY25·12 Nov
  • … at quarter-end, answer complex employee leave questions, and reroute supplier orders mid-shipment. SAP beneficially owns less than 1% of Anthropic’s outstanding capital stock, on an as-converted basis. 4.11.15 Shopify <strong>Shopify Inc.</strong> (“Shopify”) powers commerce for millions of businesses worldwide with a platform that makes it simpler to start, run and grow a business. Shopify built Sidekick, its AI commerce assistant, to make it easier for merchan …
    Anthropic, PBCShopify Inc. Class A·FWP - Free writing prospectus·Q4 26·12 Nov
  • In fiscal year 2021, we granted warrants in exchange for the opportunity to acquire new merchant partners through a commercial agreement with <strong>Shopify Inc.</strong> (“Shopify”). We recognized an asset of $270.6 million based on the grant-date fair value of the vested warrants. We record amortization expense related to the commercial agreement asset in our interim condensed consolidated statements of operations and comprehensive income as a component of sal …
    Affirm Holdings, Inc.Shopify Inc. Class A·10-Q - Quarterly report Q1·Q1 27·5 Nov
  • On September 16, 2022, a lawsuit captioned My Choice Software, LLC vs. TaskUs, Inc., Tassilo Heinrich, Shopify, Inc., Shopify Holdings (USA) Inc., Shopify (USA) Inc., Does 1-50, No. 22-cv-1710 was filed in the United States District Court, Central District of California. The complaint alleges the defendants profited off of the plaintiff's information. The complaint seeks unspecified damages and an award of costs and expenses, including reasonable …
    TaskUs, Inc.Shopify Inc. Class A·10-Q - Quarterly report Q3·Q3 26·5 Nov
  • On June 9, 2025, we filed a lawsuit against Shopify, Inc., in the U.S. District Court for the District of Minnesota asserting federal and state antitrust violations. The lawsuit alleges that Shopify has been engaging and continues to engage in monopolistic and anticompetitive business practices in order to stifle competition for “buy now, pay later” service options on Shopify’s e-commerce platform. Sezzle is seeking an injunction to prevent Shopi …
    Sezzle Inc.Shopify Inc. Class A·10-Q - Quarterly report Q3·Q3 26·4 Nov
  • As of December 31, 2025, approximately 77.9% of our ARR was derived from customers who also use <strong>Shopify Inc.</strong>’s (and together with certain affiliates, “Shopify”) platform, while only approximately 7.4% of our new ARR in 2025 was derived from customers that came to us through the Shopify app store. Shopify also helps to promote our brand by referring new customers to us, and under our partnership with Shopify, we are the recommended email solution …
    Klaviyo, Inc.Shopify Inc. Class A·10-Q - Quarterly report Q3·Q3 26·4 Nov

Key Stats

Trading

Px/Chg 1D$151.39 / +1.54%
Prev Close$152.90
% of 52Wk H80.89%
Avg Volume10.16M
Beta1.37
Mkt Cap196.45B
FD Mkt Cap191.24B

Float

Shrs Out/Float1.30B / 1.22B
Short Float0.02%
Days to Cover2.21
Stock Repurchased$491.00M

Current Valuation

EV194.78B
EV/EBITDA332.38
EV/Sales15.75
P/B15.66
P/S15.89
FCF Yield0.24%
ROE-4.63%
ROA-4.10%
Current Ratio6.20

Estimates

P/E147.49
Est P/E0.00
Est EPS0.33
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings135.32-16.93748.0660.59222.99-338.13
Price / Sales29.0610.4613.9913.7845.1261.97
Price / Book Value11.317.1110.8910.5812.3015.66
Price / Free Cash Flow103.03-315.00109.1176.60231.72412.71
ENTERPRISE VALUE METRICS
Enterprise Value127,579.458,337.298,480.8121,965.8164,335.8194,777.5
Enterprise Value / Sales28.8610.4213.9513.7344.7561.44
Enterprise Value / EBITDA136.69-98.21683.8991.16317.25-310.65
Enterprise Value / EBIT270.79-84.921,330.8293.68321.60-307.22

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue25.8%4,611.95,600.07,060.08,880.011,556.0
Gross Income22.3%2,481.12,754.03,515.04,472.05,555.0
EBITDA-16.8%3,208.1-594.0144.01,338.01,540.0
EBIT-16.8%3,141.7-687.074.01,302.01,509.0
Net Income-19.4%2,914.7-3,460.0132.02,019.01,231.0
EPS (Diluted)-19.8%2.27-2.730.101.550.94
BALANCE SHEET
Cash & ST Inv-7.2%7,768.15,053.05,008.05,479.05,767.0
Total Assets3.3%13,340.210,757.011,299.013,924.015,189.0
Total Liabilities-6.1%2,206.82,518.02,233.02,366.01,716.0
Total Shareholder Equity4.9%11,133.38,239.09,066.011,558.013,473.0
CASH FLOW
Net Operating Cash Flow39.6%535.7-136.0944.01,616.02,033.0
Cap Ex-15.4%-50.8-50.0-39.0-19.0-26.0
Free Cash Flow42.6%484.9-186.0905.01,597.02,007.0

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)147.11
Basic Shares1,297.65
Market Cap190,898.0
Diluted Shares1,290.73
Fully Diluted Shares Outstanding1,290.73
Fully Diluted Market Cap189,878.8
+Consolidated Debt188.0
−In-the-Money Convertible Debt—
+Capital Leases188.0
+Operating Leases—
−Cash & Equivalents-1,868.0
−Short-term Investments-2,859.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value189,218.0

Segment data

Revenue

by Products and services

  • Service76%
  • Subscription And Circulation24%

Revenue

by Geography

  • United States64%
  • Emea19%
  • Apac10%
  • Canada5%
  • Latin America1%

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