SHOP DCF calculator
Prefilled with what the filings actually say about Shopify Inc.: 1.3B⊙
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Discounted Cash Flow
Live tool| Year | Projected FCFF | Present value |
|---|---|---|
| 1 | $10.80B | $9.82B |
| 2 | $11.66B | $9.64B |
| 3 | $12.60B | $9.46B |
| 4 | $13.60B | $9.29B |
| 5 | $14.69B | $9.12B |
| Sum of PV, forecast cash flows | $47.34B | |
Growth down the side, discount rate across the top. Forecast years, terminal growth, cash, debt and shares stay as entered, and every cell runs the same calculation as the result above.
| Growth ↓ Discount → | 8% | 9% | 10% | 11% | 12% |
|---|---|---|---|---|---|
| 4% | 215.29 | 179.27 | 153.55 | 134.26 | 119.26 |
| 6% | 234.91 | 195.33 | 167.07 | 145.89 | 129.42 |
| 8% | 256.00 | 212.58 | 181.58 | 158.36 | 140.31 |
| 10% | 278.64 | 231.08 | 197.14 | 171.72 | 151.97 |
| 12% | 302.92 | 250.91 | 213.81 | 186.02 | 164.44 |
Outlined: your current pair. Enter a current price to shade the cells at or above it and draw the line where the estimate equals it.
Ground the assumptions: SHOP’s realized growth in free cash flow and EPS per share over 3, 5 and 10 filed years, each year linked to its annual report · SHOP workspace (filings, fundamentals) · red flags check · the plain DCF calculator · DCF, defined
SHOP’s fiscal-year cash flow, income and balance sheet from its XBRL filings, dated: XLSX · CSV
Read from our stored filings snapshot, as of 2026-11-03 12:42 UTC. 5 held, 2 not held.
- Last close (prefilled)156.22 USDREPORTED End-of-day closing price; as of 2026-11-02. No single source document identified.
- Diluted shares, quarterly weighted average (prefilled)1.30BREPORTED SEC XBRL companyfacts, weighted-average diluted shares for the quarter (an average, not a count at one date), us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; as of quarter ending 2026-06-30; Form 10-Q 0001594805-26-000047, filed 2026-08-05.
- Market cap202.76BDERIVED Last close times filed shares outstanding, us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding; as of close 2026-11-02; count as of 2026-06-30; Form 10-Q 0001594805-26-000047, filed 2026-08-05.
- Recent filings on record5 (10-K, 10-Q, 8-K)REPORTED SEC EDGAR submissions, newest Form 10-Q; as of filed 2026-08-05.
- Insider Form 4 filings indexed1DERIVED SEC EDGAR submissions, Form 4; as of 90 days to 2026-11-03.
- Free cash flow: not prefilled: trailing or normalized, before or after stock pay, is a judgment, so it stays your input. The filed cash flows are in the download below.
- Growth and discount rate: yours by design; a DCF is the arithmetic of its assumptions.
SHOP DCF FAQ
What does the SHOP DCF calculator prefill?
SHOP's latest end-of-day price and its filing-derived share count. Free cash flow, growth and discount rate are yours to set — a DCF is only as honest as its assumptions, so we don't pick them for you.
Why is free cash flow not prefilled?
Free cash flow needs judgment: trailing vs normalized, before or after stock-based compensation. We prefill only mechanical facts (price, share count) and leave the judgment inputs to you, stated plainly.
Is this SHOP's fair value?
It is the arithmetic consequence of YOUR inputs. Change the growth or discount rate a point and the answer moves a lot — that sensitivity is the real lesson of a DCF, and none of this is a recommendation.