Is SHOP stock a buy after today's 9.6% plunge?

Is SHOP worth buying right now? That depends on your goals and timeline, and we do not make that call for anyone. We can lay out the evidence investors usually weigh. SHOP trades at a P/E of 105.6 and 15.28× sales, with revenue up 32.5% year over year in the latest quarter, Jun 2026.

Below, we look at where the stock trades today and what Wall Street analysts think. We also compare its valuation with similar companies and review what insiders have done with their own shares.

The chart below tracks SHOP's daily closing price from May 7, 2026 to Nov. 2, 2026. The stock rose 39.8% over that span, climbing from $111.74 to $156.22. It reached $179.22 on Oct. 12, 2026, and fell to $95.40 on May 13, 2026.

Where SHOP trades today

The Nov. 2, 2026 close was $156.22. That is down 12.8% from the 52-week high of $179.22 and up 63.8% from the 52-week low of $95.4. The stock gained 3.2% over one month and 26.7% over three months.

SHOP valuation in one line

SHOP trades at a P/E of 105.6 and 15.28× sales. Revenue rose 32.5% year over year in the latest quarter, Jun 2026.

Also worth knowing about SHOP

Live SHOP data, updated every 30 minutes: SHOP insider trades, ownership and filings →

In Shop's own words

“This was a monster quarter: more than 30% growth in GMV AND revenue AND gross profit AND free cash flow”

— Harley Finkelstein, President of Shopify · SEC filing

From the company's earnings release filed with the SEC on 2026-08-05 (Form 8-K).

What would change the picture for SHOP

These are the specific events and levels to watch. None of them is a prediction.

• The Nov. 3, 2026 earnings report is 0 days away. Shop beat estimates in 3 of the last 4 quarters, with an average surprise of +1.7%. A miss would break that pattern.
• Insider buying: none on the open market in 90 days. A purchase by an executive or director would be the first in at least three months. It would appear on SEC Form 4 within two business days.
• Price levels: a close above $179.22 would mark a new 52-week high, 14.7% above the latest close of $156.22. A close below $95.4 would mark a new 52-week low, 38.9% below that level.
• Growth: revenue rose 32.5% year over year in the quarter ending Jun 2026, a steady trend. At a P/E of 105.6, a slowdown would matter more than at a lower multiple.
• New shares: dilution risk is low now. A new shelf registration (S-3) or prospectus supplement (424B) for an offering would raise it.

How SHOP compares with its peers

Over the past month, SHOP ranks 3 of 4 in this group, up 3.2%. ETSY led the group at +27.0%, while AMZN was weakest at -2.3%.

SHOP's P/E of 105.6 is above the peers' median of 19.9. Investors pay more for each dollar of its profit, usually for faster expected growth.

SHOP history: what happened after similar moves

Since 2023, SHOP fell 10% or more in a month 14 times (separate episodes, not counting the current one). Three months later it was higher in 6 of 13 cases; the median change was -0.0%.

Past moves don't predict the next one; they show how volatile the stock has been.

Questions people also ask

What is SHOP's 52-week high and low?

Over the past year, SHOP closed as high as $179.22 and as low as $95.4. At $156.22 on Nov. 2, 2026, the stock sits down 12.8% from the high and 63.8% above the low.

When does Shop report earnings next?

The next report is expected on Nov. 3, 2026, 0 days from now. Shop beat the average estimate in 3 of its last 4 reports.

Does SHOP pay a dividend?

Shop reported no dividend payments over the last 12 months in its SEC filings.

Who is the largest shareholder of SHOP?

Among investment managers that file Form 13F, Capital International Investors reported the largest SHOP position, at $6.3 billion. A total of 1707 institutions reported holding SHOP for Q2 2026.

Is Shop profitable?

Yes. Shop recorded $13.3 billion of revenue over the last 12 months, with a net margin of 14.5% and a P/E of 105.6.

Are SHOP insiders buying or selling?

According to SEC Form 4 filings, no Shop insider bought or sold SHOP on the open market in the last 90 days.

Dates to watch for SHOP

Insider trades can come any day: they must be filed on Form 4 within two business days.

Key terms on this page

P/E ratio

Price divided by the last 12 months of earnings per share. A P/E of 20 means investors pay $20 for each $1 of yearly profit. It is only defined when the company is profitable.

Price-to-sales

Market value divided by the last 12 months of revenue. Useful for companies with little or no profit, but it ignores margins.

Form 4

The SEC form a company's officers, directors and 10% owners must file within two business days of buying or selling its stock.

Open-market trade

A purchase or sale on the exchange at the market price, paid with the insider's own money (code P or S on Form 4), as opposed to option exercises, grants or gifts.

Form 13F

A quarterly SEC report listing the U.S. stock holdings of every investment manager with more than $100 million. It is due 45 days after each quarter ends, so it shows positions with a delay.

Dilution

When a company issues new shares, each existing share owns a smaller piece of the company. Common sources: stock offerings, convertible debt and large stock-based pay.

Form 8-K

The SEC form for material events between quarterly reports: earnings releases, deals, executive changes, stock offerings and similar news.

Where these numbers come from

Every number on this page is computed from the data when the page is refreshed (usually daily); nothing is typed in by hand. This is information, not investment advice.

• Price: daily closing prices run through Nov. 2, 2026. Changes use 5, 21 and 63 trading days, and the 52-week range uses the last 252 closes.
• Insider trades: SEC Form 4 filings for the last 90 days, counting only open-market purchases (code P) and sales (code S); option exercises, grants, gifts and filings with data errors are left out.
• A market-data calendar provides earnings dates and estimates. The data covers reported versus expected EPS for the last 4 quarters.
• Valuation and growth: revenue, earnings, margins and share counts come from the company's SEC filings (XBRL data, latest quarter Jun 2026). P/E and price/sales use the latest close.
• Fund ownership: SEC Form 13F filings for Q2 2026.
• Dilution: share-count changes and offering-related SEC filings over two years, scored 0-100. The filings include shelf registrations, prospectus supplements and convertible notes.
• History: the data tracks 21-trading-day moves over about three years of daily closes, counting each episode once.