Wednesday, August 12, 2026
Via News Knowledge File

Shopify Inc.

organization80% conf.·synced Aug 12, 2026

E-commerce platform provider

48
sourced metrics
364
relationships
20
stated objectives
0
Via News reports

Every fact below is drawn from Via News's knowledge graph and linked to the source document it came from. Nothing here is unsourced. How we source →

Key metrics · each point sourced

Margin
16percent
Aug 5, 2026source
Operating Income
488USD
Aug 5, 2026source
Net Income
439USD
Aug 5, 2026source
Free Cash Flow
654USD
Aug 5, 2026source
Average Trading Volume
11.2million_shares
Aug 5, 2026source
Trading Volume
40.5million_shares
Aug 5, 2026source
Stock Price
144.24USD
Aug 5, 2026source
Backlog
5USD
Jun 17, 2026source
Cash
2.1USD
May 25, 2026source
Price Target
132.25USD
Apr 11, 2026source
One Month Return
-13.13percent
Apr 11, 2026source
Ytd Return
-30.19percent
Apr 11, 2026source
Portfolio Weighting
4.74percent
Apr 2, 2026source
Intrinsic Value Per Share
99.68USD
Apr 1, 2026source
Valuation Score
0out_of_6
Apr 1, 2026source
Stock Return
1.3percent
Apr 1, 2026source
Ranking
3rank
Mar 24, 2026source
Market Cap
216.79billion_USD
Jan 8, 2026source

Stated objectives

Q4 2025 gross profit growth in low to mid 20% range

source
target: low to mid 20% by 2025-12-31 00:00:00stated

Q4 2025 operating expenses at 30-31% of revenue

source
target: 30-31% by 2025-12-31 00:00:00stated

Q4 2025 free cash flow margin slightly above Q3 levels

source
target: above 18% by 2025-12-31 00:00:00stated

Full year 2025 FCF margin similar to 2024

source
target: similar to 2024 by 2025-12-31 00:00:00stated

Q4 2024 revenue growth in mid-to-high 20%s year-over-year

source
target: 25-29% revenue growth by 2024-12-31 00:00:00stated

Q4 2024 GAAP operating expenses at 32-33% of revenue (300-400bps improvement YoY)

source
target: 32-33% OpEx ratio by 2024-12-31 00:00:00stated

Q4 2024 free cash flow margin similar to Q4 2023 at 21%

source
target: 21% FCF margin by 2024-12-31 00:00:00stated

Full year 2024 free cash flow margin in high teens

source
target: 17-19% FCF margin by 2024-12-31 00:00:00stated

Keep headcount relatively flat year-over-year in Q4 2024

source
target: flat headcount YoY by 2024-12-31 00:00:00stated

Q4 2024 gross profit dollar growth similar to Q3 rate

source
target: 24% gross profit growth by 2024-12-31 00:00:00stated

Relationship graph · 364 connections

Developed by
89
Customer of
56
Competes with
31
Employs
25
Covered by
24
Supplies to
21
Invested in
20
Partnered with
18

Where sources disagree

We surface conflicts between sources rather than hiding them.

value conflictunresolved

Fact A reports Shopify net income as 439 USD on 2026-08-05, while Fact B reports 1,293 million USD (1.293 billion) for the full year 2024. The values differ by ~2.9 million times. Even accounting for the time gap and different observation dates, 439 USD net income is implausibly low for Shopify's scale and cannot coexist with documented billion-dollar annual earnings. This represents either a unit conversion error (Fact A may have omitted 'million'), a data corruption issue, or misattribution of facts to the entity.

value conflictunresolved

Operating income values differ by ~600,000x (488 USD vs 291M USD). For Shopify, a ~$290M+ operating income dropping to $488 in 7.5 months would indicate financial collapse—extremely implausible. More likely explanation: the facts measure different periods (e.g., one daily, one annual/quarterly), but this ambiguity—combined with missing period labels and the extreme magnitude gap—constitutes a data conflict requiring resolution. If both represent the same annual period, it is a clear contradiction.

value conflictunresolved

Shopify's operating income cannot realistically decline from $283 million (2025-12-23) to $488 (2026-08-05). This represents a collapse of ~99.9998%, which is not plausible for a major public company over ~7.5 months. One value is likely erroneous, a unit conversion error, or measuring a different metric than stated.

value conflictunresolved

Fact A reports operating income of 488 USD while Fact B reports 343 million USD for the same entity and attribute. These values differ by approximately 700,000x and are mutually exclusive. For a company of Shopify's scale, 488 USD is implausibly low and suggests either a data entry error (possibly 488M), a unit parsing error, or corrupted data. Fact B's value of 343 million USD aligns with realistic operating income ranges for Shopify based on public financial reports.

value conflictunresolved

Both facts report the same attribute (net_income) for the same entity (Shopify Inc.) but with different values: 439 USD vs 360 USD. Fact A has an observation timestamp (2026-08-05), while Fact B lacks one. Critically, both facts omit fiscal period information (Period: N/A), making it impossible to verify whether these values should be identical. If they refer to the same fiscal period, this is a direct contradiction; if different periods, it's not. Additionally, both values appear implausibly small for Shopify Inc., suggesting potential data quality issues or missing context (e.g., per-share values, millions omitted, incomplete data).

value conflictunresolved

Fact A reports operating income of 488 USD (~$488), while Fact B reports 631 million USD ($631,000,000) for the same entity. This represents a difference of nearly 1.3 million times. The values differ by orders of magnitude and cannot both be correct—either the units are wrong in Fact A (likely should be million USD), or one observation is erroneous. For a mature public company like Shopify, operating income fluctuates within a narrower band over 7 months, ruling out both being accurate.

value conflictunresolved

Fact A reports net income of 439 USD (observed 2026-08-05), while Fact B reports 2,019 million USD (2024-12-31). Converting to the same units: 439 USD vs. 2,019,000,000 USD. A company the scale of Shopify experiencing a collapse from ~$2B annual net income to $439 total is implausible and contradictory. Fact A appears to contain a data quality error—the value is either a truncation (missing digits/millions designation), a unit conversion error, or corrupted data. No reasonable financial scenario explains both figures as simultaneously valid.

value conflictunresolved

Two different net_income values for the same entity Shopify Inc.: +439 USD (Fact A, observed 2026-08-05) vs -581 USD (Fact B, observation date unknown). Both facts have 'Period: N/A', suggesting they are intended to represent the same reporting period. A net income cannot simultaneously be positive and negative for the same entity in the same period. This indicates a data quality issue requiring resolution—either one value is stale, one is a correction, or the metadata is incomplete and they represent different periods that were not properly labeled.

value conflictunresolved

Two different margin values (16% vs 18%) are recorded for the same entity (Shopify Inc.) at the identical timestamp (2026-08-05 00:00:00). With no distinguishing context (same period designation, no qualifier for margin type), these represent conflicting data about the same fact.

value conflictunresolved

Both facts claim the same attribute (margin) for the same entity (Shopify Inc.) but report different values (16% vs 15%). While the 1-percentage-point difference is modest and could reflect rounding, calculation methodology differences, or temporal change, the values are objectively contradictory. Fact B's missing observation date ('None') prevents determining if these represent different time periods; without clear temporal separation, they appear to make incompatible claims about the same metric.

value conflictunresolved

Unit mismatch creates implausible value discrepancy. Fact A reports 654 USD (likely should be million_USD), while Fact B reports 1597 million_USD from 2024. When both are normalized to millions, Fact A (0.000654M USD) represents a ~2,400x collapse from 2024 levels — inconsistent with Shopify's actual financial trajectory and implausibly small for an operating company. Fact A exhibits a data quality issue (malformed units or corrupt value), creating a clear contradiction in how the attribute is represented.

value conflictunresolved

The two facts report free cash flow values that differ by ~100x (654 USD vs 6.497 USD). Both lack period information (N/A and None), making it unclear if they represent different time periods. However, the magnitude difference is incompatible—for the same entity and timeframe, free cash flow cannot simultaneously be two vastly different values. Additionally, both values appear unusually small for Shopify's scale (typically billions), suggesting possible data corruption, missing unit multipliers (e.g., millions), or mislabeled metrics.

value conflictunresolved

Fact A reports free cash flow as 654 USD, while Fact B reports 507 million USD. These differ by a factor of ~770,000. For a company the size of Shopify (multi-billion dollar valuation), 654 USD in FCF is implausibly small — likely a unit error in Fact A (should be million_USD). Fact B's 507M USD is realistic for Shopify's scale. The values are incompatible regardless of timing.

value conflictunresolved

Fact A reports free cash flow of 654 USD while Fact B reports 421 million USD — a difference of ~639 million USD. For a major public company like Shopify, 654 USD is implausibly small and suggests a data entry or unit error (missing zeros). The value in Fact B aligns with realistic FCF for Shopify's scale.

value conflictunresolved

Unit mismatch creates a ~1,000,000x magnitude difference. Fact A reports 654 USD (impossibly low for a company-level FCF metric), while Fact B reports 715 million USD. Fact A appears to contain a unit error—likely should be '654 million USD'. As stated, the values are fundamentally incompatible and Fact A's absolute value is implausible for Shopify's scale.

This Knowledge File is assembled from Via News's source-traceable knowledge graph. Metrics, objectives and relationships are extracted from primary and credible secondary documents and refreshed on a schedule. Read our methodology →