OakChart

Shopify Inc

SHOPTechnology·Software - Application·Canada·Large·NASD·Nov 11 • 11:27 AM ET

149.39+2.78 (1.90%)
2026-11-11 17:28 CET
Market cap
188,616.70 USD m
Revenue, TTM
14,167.00 USD m
Net income, TTM
2,126.00 USD m
Free cash flow, TTM
2,625.12 USD m
EPS diluted, TTM
1.64
P/E
91.14
Compare

Price

SHOP against its 20, 50 and 200-day averages
2050200beatmiss
100.00120.00140.00160.00180.0020.8M41.5MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26SHOPclose 149.3920-day 161.1650-day 152.67200-day 130.12149.3952w high52w low

17.4% under the 52-week high of 180.88 on 12 Oct 2026. 52-week low 94.00 on 14 May 2026. Last 15 sessions, 30.5% high to low

Profile

SHOP
52-week range, 64% of the way up
94.00180.88

Shopify, Inc. is a global commerce company that provides essential internet infrastructure for commerce, offering trusted tools to start, scale, market, and run a retail business of any size. The Company's software enables merchants to run their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts and marketplaces. The Shopify platform provides merchants with a single view of their business across all of their sales channels and enables them to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting and access financing, all from one integrated back office. The company was founded on September 28, 2004 and is headquartered in Ottawa, Canada.

IndexNDX
Employees7600
IPOMay 21, 2015
Beta2.67
ATR, 14d8.39
Rel volume0.41
Short float1.57%
Insider own6.34%
Inst own66.91%

Snapshot

6 groups

Valuation

IndexNDX
Market Cap192.19B
Enterprise Value187.65B
Income2.13B
Sales14.17B
Book/sh9.91
Cash/sh3.67
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout0.00%
Employees7600
IPOMay 21, 2015

Ratios

P/E91.14
Forward P/E61.46
PEG1.93
P/S13.57
P/B15.07
P/C40.66
P/FCF73.21
EV/EBITDA72.43
EV/Sales13.25
Quick Ratio4.86
Current Ratio4.86
Debt/Eq0.01
LT Debt/Eq0.01
Option/ShortYes / Yes

Earnings

EPS (ttm)1.64
EPS next Y2.43
EPS next Q0.62
EPS this Y33.12%
EPS next Y28.07%
EPS next 5Y31.89%
EPS past 3/5Y- 28.70%
Sales past 3/5Y27.31% 31.58%
EPS Y/Y TTM19.60%
Sales Y/Y TTM32.45%
EPS Q/Q77.97%
Sales Q/Q31.58%
EarningsNov 03 BMO
EPS/Sales Surpr.5.08% -0.09%

Ownership

Insider Own6.34%
Insider Trans0.00%
Inst Own66.91%
Inst Trans0.16%
ROA14.32%
ROE16.83%
ROIC16.44%
Gross Margin47.36%
Oper. Margin18.09%
Profit Margin15.01%
SMA20-7.30%
SMA50-2.15%
SMA20014.81%
Trades-

Technical

Shs Outstand1.21B
Shs Float1.20B
Short Float1.57%
Short Ratio2.15
Short Interest18.92M
52W High180.88 -17.41%
52W Low94.00 58.93%
Volatility6.68% 5.36%
ATR (14)8.39
RSI (14)44.24
Beta2.67
Rel Volume0.41
Avg Volume8.78M
Volume1,198,234

Performance

Perf Week-2.38%
Perf Month-15.37%
Perf Quarter-5.77%
Perf Half Y56.59%
Perf YTD-7.19%
Perf Year-6.01%
Perf 3Y143.54%
Perf 5Y0.24%
Perf 10Y3666.77%
Recom1.66
Target Price177.22
Prev Close146.61
Price149.39
Change %1.90%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 11, 2026InitiatedBBernsteinOutperform$160+7.1%
Aug 20, 2026InitiatedRRosenblattBuy$175+17.1%
Jul 21, 2026DowngradeRRothschild & Co RedburnBuy → Neutral$130-13.0%
Jul 13, 2026UpgradeJJefferiesHold → Buy$160+7.1%
Jul 10, 2026UpgradeSStifelHold → Buy$150+0.4%
Jul 07, 2026ResumedBBofA SecuritiesBuy$150+0.4%
Mar 12, 2026ResumedPPiper SandlerOverweight$165+10.4%
Feb 17, 2026UpgradeTTruistHold → Buy$150+0.4%
Feb 12, 2026UpgradeTTD CowenHold → Buy$159+6.4%
Feb 12, 2026UpgradeMMizuhoNeutral → Outperform$150+0.4%

Peers

Mkt cap
TickerCompanyMkt cap
WIXWix.com Ltd2.88B
XYZBlock Inc52.45B
AMZNAmazon.com Inc2888.51B
MELIMercadoLibre Inc76.01B
EBAYEBay Inc54.10B
BABAAlibaba Group Holding Ltd ADR251.79B
ETSYEtsy Inc7.55B
SESea Ltd ADR41.72B
DASHDoorDash Inc77.50B
GOOGAlphabet Inc3559.59B

Insider trading

latest 14 of 43
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Jeff HoffmeisterOfficerSep 26 '26Proposed Sale145.166,152893,054Sep 25 04:11 PM
Jean NiehausOfficerSep 19 '26Proposed Sale128.791,537197,953Sep 18 04:11 PM
Harley FinkelsteinOfficerSep 19 '26Proposed Sale128.795,268678,481Sep 18 04:10 PM
Jessica HertzOfficerSep 19 '26Proposed Sale128.7911,1711,438,737Sep 18 04:09 PM
JEFF HOFFMEISTEROfficerSep 14 '26Proposed Sale128.7911,6471,500,017Sep 14 04:48 PM
Tobias LutkeOfficerSep 09 '26Proposed Sale147.3724,0003,536,880Sep 04 04:24 PM
JESSICA HERTZOfficerAug 27 '26Proposed Sale154.5410,3941,606,338Aug 27 04:19 PM
Gail GoodmanDirectorAug 07 '26Proposed Sale147.444,000589,760Aug 07 04:22 PM
Jean NiehausOfficerAug 06 '26Proposed Sale123.303,450425,385Aug 06 04:29 PM
Gail GoodmanDirectorAug 05 '26Proposed Sale123.307,650943,245Aug 05 04:23 PM
Gail GoodmanDirectorJul 28 '26Proposed Sale126.885,000634,400Jul 28 04:20 PM
Gail GoodmanDirectorJul 10 '26Proposed Sale123.175,000615,850Jul 10 04:06 PM
Gail GoodmanDirectorJun 30 '26Proposed Sale114.211,000114,210Jun 30 04:27 PM
Jessica HertzOfficerJun 22 '26Proposed Sale108.2411,3611,229,715Jun 22 06:53 AM

Held by

AUM
TickerCompanyAUM
QQQInvesco QQQ Trust Series 1AUM: 463.98B
QQQMInvesco NASDAQ 100 ETFAUM: 106.59B
CGGRCapital Group Growth ETFAUM: 25.66B
JEPQJPMorgan Nasdaq Equity Premium Income ETFAUM: 41.79B
ARKEARK DIET Q3 Buffer ETFAUM: 1.45M
ARKKARK Innovation ETFAUM: 5.97B
AIQGlobal X Artificial Intelligence & Technology ETFAUM: 9.36B
TQQQProShares UltraPro QQQ 3x SharesAUM: 32.04B
CGGOCapital Group Global Growth Equity ETFAUM: 11.80B
JTEKJPMorgan U.S. Tech Leaders ETFAUM: 4.15B

News

latest 14 of 206
  • Estee Lauder's China Business Is Looking Good. That Helps Its Turnaround. (Barrons.com)
  • Affirm delivers quarterly results beat, but shares fall on GMV guide (Investing.com) -6.06%
  • Amazon is saying bye-bye to Muse while Walmart is rolling out the welcome mat for Metas shopping agent (Digital Trends) +7.34%
  • Shopify Stock Dives After Revenue and Gross Merchandise Volume Come Up Short (The Daily Upside)
  • Cathie Wood's ARK Invest Scoops Up Shopify Shares Amid Post-Earnings Sell-Off, Jefferies Wants Investors To Buy On 'Weakness' (Stocktwits) -8.74%
  • Loading…
  • Shopify earnings analysis: questions answered and next catalysts (Investing.com)
  • Shopify Clears A High Bar, But Gradual Deceleration And A Flattered Cash-Flow Margin Temper The Q3 Beat (Earnings Whispers)
  • Shopify stock tanks as Q3 revenue, total order value miss Wall Street estimates (Yahoo Finance)
  • Why Did Shopify Shares Fall Nearly 10% Despite Strong Q3 Earnings and 32% Revenue Growth? (InvestorsHub)
  • Apple stock falls, chip stocks rebound as oil extends decline: AlphaCheck (Yahoo Finance)
  • Why Is SHOP Stock Falling Today? (Stocktwits)
  • Q3 Earnings & JOLTS Report on Midterm Voting Day (Zacks)
  • Shopify's stock slides after earnings. This is what's worrying Wall Street. (MarketWatch)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-030.4900.4660.3603,7423,74537
2026Q22026-08-050.4210.4031.1573,5833,44737
2026Q12026-05-050.3600.340-0.4463,1703,11734
2025Q42026-02-110.4800.5040.5703,6723,59034
2025Q32025-11-040.3380.3360.2012,8442,75634
2025Q22025-08-060.3470.2880.6922,6802,54934
2025Q12025-05-080.2560.261-0.5272,3602,33434
2024Q42025-02-110.4410.4350.9992,8122,72933
2024Q32024-11-120.3500.2740.6362,1622,11535
2024Q22024-08-070.2600.2040.1322,0452,01237
2024Q12024-05-080.2000.171-0.2121,8611,84335
2023Q42024-02-130.3400.3030.5072,1442,07736
2023Q32023-11-020.2400.1450.5541,7141,67236
2023Q22023-08-020.1400.064-1.0241,6941,62532
2023Q12023-05-040.010-0.0400.0531,5081,43535
2022Q42023-02-150.070-0.014-0.4901,7351,65232

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY0.0460.018-0.1111,5781,555
2020FY0.3980.3590.2592,9292,862
2021FY0.6410.6352.2884,6124,573
2022FY0.040-0.036-2.7335,6005,516
2023FY0.7300.6910.1037,0606,993
2024FY1.2611.2971.5518,8808,801
2025FY1.4241.4560.94111,55611,474
2026FY-1.897--15,305
2027FY-2.431--19,398
2028FY-3.269--24,362
2029FY-4.468--30,646
2030FY-5.143--37,803

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-04422014,8194,7504,897
2026Q4S2026-11-03422014,8194,7504,897
2026Q4S2026-10-3041404,7664,5124,931
2026Q4S2026-10-2741304,7634,5124,931
2026Q4S2026-10-2341204,7604,5124,931
2026Q4S2026-10-2241204,7604,5124,931
2026Q4S2026-10-2141204,7604,5124,931
2026Q4S2026-10-1941204,7604,5124,931
2026Q4S2026-10-13413504,7604,5124,931
2026Q4S2026-10-09413504,7594,5124,931
2026Q4S2026-10-08413504,7594,5124,931
2026Q4S2026-10-07413504,7604,5124,931
2026Q4S2026-10-05413404,7564,5124,931
2026Q4S2026-09-29413404,7554,5124,925

Estimate history

EPS, annual-0.042-0.061-0.1110.2592.288-2.7330.1031.5510.9431.6392
Period201720182019202020212022202320242025TTM
EPS, quarterly0.6360.999-0.5270.6920.2010.57-0.4461.1570.358
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual673.3041073.2291578.1732929.4914611.8565599.864706088801155614167
Period201720182019202020212022202320242025TTM
Sales, quarterly216228122360268028443672317035833742
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual998.7771103.9271164.291225.2891258.9721275.1291286.571294.581303.9041286.383
Period201720182019202020212022202320242025MRQ
Shares, quarterly1291.7321294.581297.0791299.3681301.2811303.9041300.7791289.2071286.383
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue14,167.0011,556.008,880.007,060.005,599.864,611.862,929.491,578.171,073.23
Cost of Goods Sold Incl. D&A7,458.006,023.004,432.003,573.002,883.002,173.851,425.84729.11488.34
Gross Profit6,709.005,533.004,448.003,487.002,716.862,438.001,503.66849.06584.89
Selling, General and Administrative Excl. Other4,146.003,642.003,083.003,400.003,381.022,110.491,374.48985.03672.64
Research and Development1,764.001,523.001,350.001,708.001,472.12846.53530.81344.19225.71
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income2,563.001,891.001,365.0087.00-664.16327.51129.18-135.97-87.75
Interest Expense----3.503.499.090.000.00
Unusual Expense188.00603.00-706.0068.003,133.23-2,778.08-99.16--
Net Income Before Taxes2,532.001,509.002,228.00185.00-3,622.853,140.59240.36-95.82-64.55
Income Taxes406.00278.00209.0053.00-162.43225.93-79.1529.030.00
Consolidated Net Income2,126.001,231.002,019.00133.00-3,460.422,914.66319.51-124.84-64.55
Net Income From Continuing Operations2,126.001,231.002,019.00133.00-3,460.422,914.66319.51-124.84-64.55
Net Income2,126.001,231.002,019.00133.00-3,460.422,914.66319.51-124.84-64.55
EPS (Recurring)1.751.271.170.14-1.000.760.20-0.11-0.06
EPS (Basic, Before Extraordinaries)1.640.951.570.10-2.732.340.27-0.11-0.06
EPS (Diluted)1.640.941.550.10-2.732.290.26-0.11-0.06
EBITDA2,591.001,922.001,401.00157.00-573.64393.82199.24-100.31-60.70
Non-Operating Income (Expense)157.00221.00157.00166.00178.0338.4921.1240.1523.20
Other After Tax Adjustments0.000.000.001.000.000.000.000.000.00
Stock Option Compensation Expense414.75354.71339.70485.85466.77243.11181.50116.4795.72
Price To Earnings Ratio89.4489.44100.05--58.62429.91--
Price To Sales Ratio13.5418.2115.5914.367.8538.0847.5528.5113.61
Gross Margin47.3647.8850.0949.3948.5252.8651.3353.8054.50
Operating Margin18.0916.3615.371.23-11.867.104.41-8.62-8.18
Net Margin15.0110.6522.741.88-61.7963.2010.91-7.91-6.01
Shares Outstanding1,286.381,303.901,294.581,286.571,275.131,258.971,225.291,164.291,103.93
Market Capitalization188,616.70188,616.70137,388.99100,085.9237,569.76173,409.49138,696.5646,289.8315,283.87

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue3,742.003,583.003,170.003,672.002,844.002,680.002,360.002,812.00
Cost of Goods Sold Incl. D&A1,966.001,880.001,629.001,983.001,459.001,384.001,197.001,461.00
Gross Profit1,776.001,703.001,541.001,689.001,385.001,296.001,163.001,351.00
Selling, General and Administrative Excl. Other1,086.001,074.001,042.00944.00894.00925.00879.00805.00
Research and Development495.00445.00435.00389.00374.00393.00372.00348.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income690.00629.00499.00745.00491.00371.00284.00546.00
Interest Expense0.000.000.00-----
Unusual Expense247.00-1,108.001,180.00-131.00239.00-601.001,096.00-852.00
Net Income Before Taxes499.001,775.00-634.00892.00308.001,079.00-770.001,421.00
Income Taxes37.00273.00-53.00149.0044.00173.00-88.00128.00
Consolidated Net Income462.001,502.00-581.00743.00264.00906.00-682.001,293.00
Net Income From Continuing Operations462.001,502.00-581.00743.00264.00906.00-682.001,293.00
Net Income462.001,502.00-581.00743.00264.00906.00-682.001,293.00
EPS (Recurring)0.490.560.190.500.330.370.070.54
EPS (Basic, Before Extraordinaries)0.361.16-0.450.570.200.70-0.531.00
EPS (Diluted)0.361.16-0.450.570.200.69-0.531.00
EBITDA697.00636.00506.00752.00499.00379.00292.00554.00
Non-Operating Income (Expense)56.0038.0047.0016.0056.00107.0042.0023.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense110.60101.12104.2898.7584.5389.2790.0693.22
Price To Earnings Ratio89.44112.24126.65117.8882.5393.0261.43100.05
Price To Sales Ratio13.5411.1912.4718.1918.2415.0513.1415.51
Gross Margin47.4647.5348.6146.0048.7048.3649.2848.04
Operating Margin18.4417.5615.7420.2917.2613.8412.0319.42
Net Margin12.3541.92-18.3320.239.2833.81-28.9045.98
Shares Outstanding1,286.381,289.211,300.781,303.901,301.281,299.371,297.081,294.58
Market Capitalization188,616.70148,165.68154,693.53209,557.18193,151.39149,652.78123,629.41137,388.99

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments5,778.005,479.005,008.005,052.957,768.096,387.972,455.191,969.67942.54
Short Term Receivables2,318.001,598.001,108.00857.86667.95421.54240.70133.2269.04
Inventories21.0026.000.000.000.000.000.000.000.00
Other Current Assets127.0094.00112.00112.55103.2768.2548.8326.1914.10
Total Current Assets8,244.007,197.006,228.006,023.368,539.326,877.762,744.732,129.081,025.68
Net Property, Plant & Equipment141.00140.00147.00485.97301.91211.48246.1761.6150.36
Total Investments and Advances6,159.005,998.004,377.001,953.463,955.55173.450.000.000.00
Intangible Assets521.00474.00456.002,226.43495.02447.54479.1564.0937.53
Deferred Tax Assets33.0037.0044.0040.8248.3752.6819.434.221.88
Other Assets91.0078.0047.0027.110.000.000.000.000.00
Total Assets15,189.0013,924.0011,299.0010,757.1513,340.177,762.903,489.482,259.001,115.45
Short Term Debt Incl. Current Port. of LT Debt17.00936.0017.0018.1615.7510.059.070.000.00
Accounts Payable570.00360.00364.00363.78284.01168.7290.5261.2744.33
Income Tax Payable317.00179.0091.0056.6579.6973.77121.45-1.20
Other Current Liabilities488.00481.00426.00417.42323.29185.7995.3577.4249.22
Total Current Liabilities1,392.001,956.00898.00856.01702.73438.33316.38138.6994.75
Long Term Debt171.00190.001,133.001,378.451,157.74902.84142.640.000.00
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities55.0073.006.0016.29183.43-8.755.353.27
Other Liabilities98.00147.00196.00267.51162.9321.015.9724.2016.32
Total Liabilities1,716.002,366.002,233.002,518.262,206.831,362.18473.75168.24114.35
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity13,473.0011,558.009,066.008,238.8911,133.346,400.723,015.732,090.771,001.10
Total Shareholders Equity13,473.0011,558.009,066.008,238.8911,133.346,400.723,015.732,090.771,001.10
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity13,473.0011,558.009,066.008,238.8911,133.346,400.723,015.732,090.771,001.10
Total Liabilities & Stockholders Equity15,189.0013,924.0011,299.0010,757.1513,340.177,762.903,489.482,259.001,115.45
Book Value Per Share10.338.937.056.468.845.222.591.891.00
Tangible Book Value Per Share9.938.566.694.728.454.862.181.840.96
Full-Time Employees7,6008,1008,30011,60010,0007,0005,0004,0003,000
Price to Book Ratio14.7913.5712.085.0815.5821.6715.357.3110.15
Return on Assets8.4616.011.21-28.7227.625.68-4.34-3.83-4.98
Return on Equity9.8419.581.54-35.7333.256.79-4.89-4.18-5.67
Return on Invested Capital9.0217.191.30-35.9823.714.37-3.95-3.09-4.00
Quick Ratio5.913.676.947.0412.1515.698.6815.3510.82
Current Ratio5.923.686.947.0412.1515.698.6815.3510.82

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income2,106.701,231.002,019.00132.00-3,460.422,914.66319.51-124.84-64.55
Depreciation27.4831.0036.0070.0090.5266.3170.0635.6527.05
Other Funds (Non Cash)522.36902.00-351.00548.003,518.29-2,506.58177.72177.55102.91
Funds from Operations2,637.492,150.001,782.00749.00-38.18665.35525.2950.4465.41
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital8.32-117.00-166.00195.00-98.27-160.92-100.3320.18-56.09
Income Taxes Payable-----3.9445.26-105.8964.65-
Cash from Operating Activities2,645.822,033.001,616.00944.00-136.45504.43424.9670.629.32
Capital Expenditures-20.69-26.00-19.00-39.00-50.02-50.79-42.00-62.40-41.55
Net Assets From Acquisitions-4.21-56.00-30.00-31.00-1,753.75-59.630.00-265.51-19.40
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.000.00-
Purchase or Sale of Investments1,003.35-587.00-1,076.00-615.001,243.88-2,237.38-1,889.85-241.57-749.69
Purchase of Investments-4,909.59-7,139.00-8,533.00-6,205.00-5,646.29-7,987.60-5,611.26-2,718.60-2,447.96
Sale Or Maturity of Investments5,912.946,552.007,457.005,590.006,890.175,750.223,721.412,477.041,698.26
Other Uses-5,820.06-4,014.00-3,006.00-1,897.00-525.540.000.000.000.00
Other Sources5,103.773,493.002,545.001,338.00366.860.000.000.00-
Cash from Investing Activities164.19-1,190.00-1,586.00-1,244.00-718.57-2,347.79-1,931.85-569.48-810.63
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock-2,319.97232.0061.0060.0017.551,649.762,649.40736.351,072.18
Repurchase of Common Pref Stock-2,447.260.000.000.000.000.000.000.000.00
Sale of Common Pref Stock127.29232.0061.0060.0017.551,649.762,649.40736.351,072.18
Proceedsfrom Stock Options0.000.000.000.000.001,541.172,578.59688.011,041.69
Issuance or Reduction of Debt, Net-1,045.19-1,043.000.000.000.000.00907.950.000.00
Change in Long Term Debt0.000.000.000.000.000.00907.950.000.00
Issuance of Long Term Debt0.000.000.000.000.000.00907.950.000.00
Reduction of Long Term Debt0.000.000.000.000.000.000.000.000.00
Net Financing Active Other Cash Flow0.000.000.000.000.000.000.000.000.00
Other Financing Activities Uses0.000.000.000.000.000.000.000.000.00
Cash from Financing Activities-3,365.17-811.0061.0060.0017.551,649.763,557.35736.351,072.18
Exchange Rate Effect-8.1715.00-6.004.00-16.20-7.013.221.74-1.87
Net Change in Cash-563.3347.0085.00-236.00-853.66-200.612,053.68239.23269.01
Free Cash Flow2,625.122,007.001,597.00905.00-186.47453.64383.2313.86-18.63
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow73.05104.8386.69111.99-387.13363.473,247.79-
Deferred Taxes & Investment Tax Credit--14.0078.00-1.00-186.57190.96-42.00-37.920.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments4,727.004,947.005,743.005,778.006,349.005,820.00
Short Term Receivables2,833.002,650.002,546.002,318.002,129.001,947.00
Inventories0.000.000.0021.000.000.00
Other Current Assets226.00219.00206.00127.00227.00234.00
Total Current Assets7,786.007,816.008,495.008,244.008,705.008,001.00
Net Property, Plant & Equipment152.00143.00138.00141.00145.00143.00
Total Investments and Advances5,973.005,938.004,822.006,159.005,613.005,831.00
Intangible Assets620.00518.00519.00521.00524.00527.00
Deferred Tax Assets83.0030.00117.0033.0029.0031.00
Other Assets50.0025.0030.0091.0023.0028.00
Total Assets14,664.0014,470.0014,121.0015,189.0015,039.0014,561.00
Short Term Debt Incl. Current Port. of LT Debt7.0010.0016.0017.00939.00939.00
Accounts Payable1,244.001,104.001,028.00570.00970.00839.00
Income Tax Payable---317.00--
Other Current Liabilities351.00346.00327.00488.00304.00300.00
Total Current Liabilities1,602.001,460.001,371.001,392.002,213.002,078.00
Long Term Debt181.00168.00163.00171.00176.00200.00
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities63.0079.00-55.0029.0036.00
Other Liabilities69.0079.0086.0098.00110.00123.00
Total Liabilities1,915.001,786.001,620.001,716.002,528.002,437.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity12,749.0012,684.0012,501.0013,473.0012,511.0012,124.00
Total Shareholders Equity12,749.0012,684.0012,501.0013,473.0012,511.0012,124.00
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity12,749.0012,684.0012,501.0013,473.0012,511.0012,124.00
Total Liabilities & Stockholders Equity14,664.0014,470.0014,121.0015,189.0015,039.0014,561.00
Book Value Per Share9.919.849.6110.339.619.33
Tangible Book Value Per Share9.439.449.219.939.218.93
Full-Time Employees---7,600--
Price to Book Ratio14.7911.8811.4816.7415.9313.54
Return on Assets14.3213.289.688.4613.0218.10
Return on Equity16.8315.5411.319.8415.7422.02
Return on Invested Capital3.5711.69-4.595.452.087.35
Quick Ratio4.865.356.205.913.933.85
Current Ratio4.865.356.205.923.933.85

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income451.891,497.72-581.00738.09267.55909.95
Depreciation6.856.937.006.708.098.28
Other Funds (Non Cash)328.10-1,016.161,264.00-53.59319.43-537.95
Funds from Operations719.39653.37551.00713.73590.05477.74
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital83.53-0.67-70.00-4.54-70.98-35.72
Cash from Operating Activities802.93652.70481.00709.19519.07442.02
Capital Expenditures-99.90-3.96-5.00-9.81-6.07-6.18
Net Assets From Acquisitions-4.950.000.000.740.13-0.99
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments264.31734.68619.00-614.63496.54-79.14
Purchase of Investments-1,007.37-701.78-844.00-2,356.44-1,483.15-1,592.42
Sale Or Maturity of Investments1,271.671,436.461,463.001,741.811,979.691,513.27
Other Uses-1,665.42-1,570.36-1,349.00-1,235.28-1,007.32-974.83
Other Sources1,441.511,406.551,045.001,210.71858.85793.79
Cash from Investing Activities-64.45566.90310.00-648.27342.12-267.35
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-530.35-1,408.16-485.00103.5424.1345.82
Repurchase of Common Pref Stock-545.15-1,411.12-491.000.000.000.00
Sale of Common Pref Stock14.792.966.00103.5424.1345.82
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net0.000.000.00-1,045.190.000.00
Change in Long Term Debt0.000.000.000.000.000.00
Issuance of Long Term Debt0.000.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.000.000.00
Net Financing Active Other Cash Flow0.000.000.000.000.000.00
Other Financing Activities Uses0.000.000.000.000.000.00
Cash from Financing Activities-530.35-1,408.16-485.00-941.6624.1345.82
Exchange Rate Effect1.03-3.97-3.00-2.23-0.0413.30
Net Change in Cash209.15-192.52303.00-882.97885.29233.78
Free Cash Flow801.00648.75476.00699.38513.00435.84
Price to Free Cash Flow73.0563.5272.57104.53103.0783.60

Revenue breakdown

Service2024: 6.53B 2025: 8.80B
Subscription and Circulation2024: 2.35B 2025: 2.75B
APAC2024: 885.00M 2025: 1.13B
Canada2024: 483.00M 2025: 567.00M
EMEA2024: 1.71B 2025: 2.43B
Latin America2024: 97.00M 2025: 104.00M
United States2024: 5.71B 2025: 7.33B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.57%18.9M1205.0M9.42M
2026-10-151.72%20.8M1204.9M9.62M
2026-09-301.67%20.2M1205.0M9.49M
2026-09-151.37%16.4M1204.9M9.18M
2026-08-311.54%18.5M1204.2M8.97M
2026-08-141.28%15.4M1204.1M9.72M
2026-07-311.67%20.1M1204.8M10.51M
2026-07-152.18%26.6M1215.6M10.10M
2026-06-301.75%21.3M1215.5M10.26M
2026-06-151.73%21.1M1215.4M9.95M
2026-05-291.78%21.7M1215.2M10.25M
2026-05-151.80%21.8M1215.1M10.67M
2026-04-301.56%19.1M1222.6M11.38M
2026-04-151.78%21.7M1222.5M12.14M
2026-03-311.37%16.7M1222.3M11.76M
2026-03-131.49%18.2M1222.3M11.27M
2026-02-271.34%16.4M1222.3M10.64M
2026-02-131.18%14.5M1222.1M10.21M
2026-01-300.70%8.6M1222.0M8.04M
2026-01-150.97%11.8M1218.8M7.61M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call80.0067.4570.6579.805.5791.000.000.999-0.0370.000
call85.0062.4565.650.005.2490.000.000.999-0.0370.000
call90.0057.4561.350.004.9950.000.000.999-0.0370.000
call95.0052.4555.850.004.2240.000.000.999-0.0380.001
call10047.4550.5045.303.3622.000.000.998-0.0380.001
call10542.4545.700.003.4520.000.000.997-0.0590.001
call11037.5040.6038.853.0224.000.000.996-0.0590.001
call11533.3535.8553.252.6422.000.000.996-0.0580.001
call11829.5032.3525.562.31621.000.000.995-0.0580.001
call11928.5031.4529.152.31325.002.000.995-0.0580.002
call12027.9530.2528.122.1231163.000.995-0.0570.002
call12126.5029.8027.172.1531131.000.995-0.0570.002
call12225.5028.6526.151.86323.003.000.993-0.0750.002
call12324.5027.5025.202.02422.005.000.993-0.0740.002
call12423.5026.7024.221.8571.002.000.985-0.1330.004
call12522.5025.3523.751.8689.002.000.985-0.1320.004
call12621.5024.1021.921.6581.0010.000.984-0.1310.004
call12720.5023.4020.941.5993.0018.000.974-0.2030.007
call12819.5022.5020.121.7552.0014.000.973-0.2020.007
call12918.5021.4019.601.4934.007.000.972-0.1990.007
call13017.5520.4018.681.4486.003.000.971-0.1980.007
call13116.5519.4017.701.5141.001.000.970-0.1960.008
call13215.5518.7517.791.6035.000.000.968-0.1930.008
call13314.5517.3517.681.3641.000.000.948-0.3040.012
call13413.6016.6013.251.40830.000.000.945-0.2990.012
call13512.6515.9013.161.3616.000.000.941-0.3030.013
call13611.6514.8013.911.08711.000.000.924-0.3690.016
call13710.7013.8515.101.15117.000.000.916-0.3810.017
call1389.7512.5510.771.04715.000.000.890-0.4730.021
call1398.8511.758.901.1252.000.000.870-0.5290.024
call1407.9010.759.901.00544.001.000.857-0.5360.025
call1417.609.905.501.03122.000.000.829-0.6060.028
call1427.408.656.900.88178.004.000.809-0.6180.030
call1436.507.905.450.80942.000.000.780-0.6570.033
call1445.257.155.210.87517010.000.741-0.7310.036
call1455.106.055.300.7683984.000.716-0.7020.038
call1464.055.704.250.74847.005.000.677-0.7270.040
call1473.405.053.800.8371,37915.000.621-0.8380.042
call1483.104.053.150.72712613.000.580-0.8140.044
call1492.623.402.800.69014951.000.533-0.8380.044
call1502.202.931.750.70671159.000.486-0.8470.044
call152.51.151.511.510.61673415.000.361-0.7310.042
call1550.640.850.700.6242,49547.000.250-0.6100.035
call157.50.300.480.340.63859133.000.188-0.5730.030
call1600.160.250.200.6318471,0350.104-0.3520.020
call162.50.020.170.290.6853436.000.067-0.2620.014
call1650.030.130.050.7444945.000.040-0.1750.010
call167.50.000.140.010.8341713.000.036-0.1810.009
call1700.010.150.020.92145612.000.033-0.1870.008
call172.50.000.350.111.00950.000.000.031-0.1910.008
call1750.010.110.021.06014812.000.025-0.1720.007
call177.50.001.200.061.13857.000.000.024-0.1750.006
call1800.010.020.010.9761492.000.006-0.0440.002
call182.50.001.610.211.03827.000.000.006-0.0450.002
call1850.001.550.021.10095.000.000.005-0.0460.002
call187.50.001.060.241.16092.000.000.005-0.0460.002
call1900.000.300.101.2201070.000.005-0.0470.002
call192.50.001.271.101.27815.000.000.005-0.0470.001
call1950.001.870.021.33691.000.000.004-0.0480.001
call197.50.002.130.581.3923.000.000.004-0.0480.001
call2000.000.010.011.6142240.000.017-0.1550.005
call202.50.002.130.541.4073.000.000.002-0.0270.001
call2050.002.130.021.45685.000.000.002-0.0270.001
call207.50.002.130.911.5122.000.000.002-0.0270.001
call2100.002.130.051.5612710.000.002-0.0270.001
call212.50.002.130.031.6094.000.000.002-0.0280.001
call2150.002.130.011.65757.000.000.002-0.0280.001
call217.50.002.130.171.7043.000.000.002-0.0280.001
call2200.002.131.091.7441370.000.002-0.0280.001
call222.50.002.131.051.7851.000.000.002-0.0280.001
call2250.002.130.011.83089.000.000.002-0.0280.001
call227.50.002.131.051.88022.000.000.002-0.0280.001
call2300.002.130.101.91826.000.000.002-0.0280.001
call232.50.002.131.051.9611.000.000.002-0.0290.001
call2350.002.131.092.0031.000.000.002-0.0290.001
call237.50.002.131.052.0451.000.000.002-0.0290.001
put80.000.000.190.222.34333.000.00-0.001-0.0200.000
put85.000.002.130.022.5596.000.00-0.001-0.0280.000
put90.000.002.130.052.3211.000.00-0.001-0.0270.000
put95.000.002.130.072.08414.000.00-0.001-0.0270.001
put1000.000.010.011.8253590.00-0.002-0.0260.001
put1050.001.050.331.7751.000.00-0.003-0.0470.001
put1100.001.000.111.55423.000.00-0.004-0.0460.001
put1150.000.220.051.3551090.00-0.004-0.0450.001
put1180.000.100.051.23420.000.00-0.005-0.0450.001
put1190.000.220.101.19491.000.00-0.005-0.0440.002
put1200.000.020.011.0994077.00-0.005-0.0430.002
put1210.000.020.021.07917738.00-0.005-0.0430.002
put1220.000.100.131.1251460.00-0.007-0.0610.002
put1230.000.030.071.06060.0018.00-0.026-0.1470.008
put1240.001.320.151.17216.000.00-0.015-0.1190.004
put1250.000.280.071.1251505.00-0.015-0.1180.004
put1260.020.070.031.0843682.00-0.016-0.1170.004
put1270.000.280.181.14717.000.00-0.026-0.1890.007
put1280.000.190.201.10076.000.00-0.027-0.1870.007
put1290.000.200.071.05465.004.00-0.028-0.1850.007
put1300.010.240.211.0072600.00-0.029-0.1830.007
put1310.000.870.110.96015712.00-0.030-0.1810.008
put1320.020.190.080.91494.003.00-0.032-0.1790.008
put1330.001.630.350.98693.000.00-0.052-0.2890.012
put1340.050.380.150.93566.0010.00-0.055-0.2840.012
put1350.120.250.120.884307106-0.059-0.2880.013
put1360.050.470.610.8952040.00-0.076-0.3540.016
put1370.080.390.290.8411661.00-0.084-0.3660.017
put1380.100.500.360.8731,90423.00-0.110-0.4570.021
put1390.250.330.260.84786.0056.00-0.130-0.5140.024
put1400.270.410.330.80946796.00-0.143-0.5200.025
put1410.330.760.820.80183.002.00-0.171-0.5910.028
put1420.480.840.870.7881392.00-0.191-0.6020.030
put1430.631.131.140.78921611.00-0.220-0.6410.033
put1440.781.341.110.7794959.00-0.259-0.7150.036
put1450.981.441.700.73229217.00-0.284-0.6860.038
put1461.261.481.760.7142222.00-0.323-0.7100.040
put1471.511.881.710.76385.008.00-0.379-0.8210.042
put1481.832.261.990.770173233-0.420-0.7970.044
put1492.152.753.200.82717536.00-0.467-0.8210.044
put1502.543.804.100.8354441.00-0.514-0.8300.044
put152.54.055.405.150.8422290.00-0.639-0.7140.042
put1556.007.157.000.85235015.00-0.750-0.5930.035
put157.57.7010.4014.511.20970.000.00-0.812-0.5550.030
put1609.9512.208.751.1633310.00-0.896-0.3340.020
put162.512.3015.1511.551.46069.000.00-0.933-0.2440.014
put16514.9017.6514.971.6206300.00-0.960-0.1570.010
put167.517.2520.1019.551.7281020.00-0.964-0.1630.009
put17019.3022.6520.901.8922560.00-0.967-0.1680.008
put172.522.2525.1022.141.97047.000.00-0.969-0.1720.008
put17524.6527.6023.102.1380.000.00-0.975-0.1520.007
put177.527.1530.1024.362.2750.000.00-0.976-0.1550.006
put18029.6532.6031.272.3910.000.00-0.994-0.0250.002
put182.532.5035.100.002.4360.000.00-0.994-0.0250.002
put18534.6537.6018.832.5440.000.00-0.995-0.0250.002
put187.537.2040.1041.202.7000.000.00-0.995-0.0250.002
put19039.7042.6545.412.7830.000.00-0.995-0.0260.002
put192.542.2545.1050.152.8840.000.00-0.995-0.0260.001
put19544.6547.600.002.9490.000.00-0.996-0.0260.001
put197.546.9550.150.003.0440.000.00-0.996-0.0260.001
put20049.8052.6044.653.1380.000.00-0.998-0.0050.001
put202.551.9555.150.003.2290.000.00-0.998-0.0040.001
put20554.7057.600.003.3740.000.00-0.998-0.0040.001
put207.557.0560.100.003.4050.000.00-0.998-0.0040.001
put21059.7062.6053.683.5040.000.00-0.998-0.0040.001
put212.562.2065.100.003.5750.000.00-0.998-0.0040.001
put21564.7067.600.003.6580.000.00-0.998-0.0040.001
put217.567.2070.100.003.7390.000.00-0.998-0.0040.001
put22069.6072.650.003.8180.000.00-0.998-0.0040.001
put222.572.2075.100.003.8960.000.00-0.998-0.0030.001
put22574.7077.650.003.9730.000.00-0.998-0.0030.001
put227.577.1080.150.004.0490.000.00-0.998-0.0030.001
put23079.6582.650.004.1230.000.00-0.998-0.0030.001
put232.582.2585.150.004.1960.000.00-0.998-0.0030.001
put23584.7087.6589.444.2680.000.00-0.998-0.0030.001
put237.587.1590.1591.934.3390.000.00-0.998-0.0030.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-0310-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-038-KCurrent report2026-11-03SEC
2026-11-03S-3ASRAutomatic shelf registration statement of securities of well-known seasoned issuersSEC
2026-09-25144Filing for proposed sale of securities under Rule 144.SEC
2026-09-18144Filing for proposed sale of securities under Rule 144.SEC
2026-09-18144Filing for proposed sale of securities under Rule 144.SEC
2026-09-18144Filing for proposed sale of securities under Rule 144.SEC
2026-09-14144Filing for proposed sale of securities under Rule 144.SEC
2026-09-04144Filing for proposed sale of securities under Rule 144.SEC
2026-08-31SCHEDULE 13D/ASEC
2026-08-314Statement of changes in beneficial ownership of securities2026-08-31SEC
2026-08-27144Filing for proposed sale of securities under Rule 144.SEC
2026-08-07144Filing for proposed sale of securities under Rule 144.SEC
2026-08-06144Filing for proposed sale of securities under Rule 144.SEC
2026-08-05144Filing for proposed sale of securities under Rule 144.SEC
2026-08-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-058-KCurrent report2026-08-05SEC
2026-07-30SCHEDULE 13GSEC
2026-07-28144Filing for proposed sale of securities under Rule 144.SEC
2026-07-10144Filing for proposed sale of securities under Rule 144.SEC
2026-07-028-KCurrent report2026-07-02SEC
2026-06-30144Filing for proposed sale of securities under Rule 144.SEC
2026-06-22144Filing for proposed sale of securities under Rule 144.SEC
2026-06-22144Filing for proposed sale of securities under Rule 144.SEC
2026-06-22144Filing for proposed sale of securities under Rule 144.SEC
2026-06-22144Filing for proposed sale of securities under Rule 144.SEC
2026-06-22144Filing for proposed sale of securities under Rule 144.SEC
2026-06-168-KCurrent report2026-06-16SEC
2026-06-05144Filing for proposed sale of securities under Rule 144.SEC
2026-06-028-KCurrent report2026-06-02SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
Capital International Investors4.23%
FMR LLC3.92%
Invesco Ltd.2.82%
VANGUARD CAPITAL MANAGEMENT LLC2.63%
Capital World Investors2.63%
BAILLIE GIFFORD & CO2.08%
MORGAN STANLEY1.97%
PRICE T ROWE ASSOCIATES INC /MD/1.91%
ROYAL BANK OF CANADA1.81%
FIL Ltd1.47%

Funds

Fund% owned
Invesco QQQ Trust, Series 12.00%
Growth Fund of America1.90%
New Perspective Fund1.21%
VANGUARD DEVELOPED MARKETS INDEX FUND0.92%
American Funds Fundamental Investors0.92%
Fidelity Contrafund0.58%
Growth Fund0.54%
Fidelity SAI Canada Equity Index Fund0.49%
Baron Partners Fund0.48%
Invesco NASDAQ 100 ETF0.44%

OakChart. SHOP. Cached 15 minutes.