How to buy Shopify (SHOP) shares in the UK

Learn how to easily invest in Shopify shares.

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27 July 2022: Shopify has released an earnings report that revealed a lower than predicted revenue of $1.3 billion (£1.08 billion). Shopify's earnings per share is -$0.03 (-£0.02) — analysts expected an EPS of $0.03.

26 July 2022: Shopify has made 10% of its workforce redundant, notifying the affected staff by email that they would be leaving the company that day. A blog post from the founder was published announcing the news shortly before impacted staff were notified. Shopify saw a spike in demand and rapid growth during the pandemic and hired additional staff to keep up with the growth. As businesses started to open up and people returned to offices, Shopify found that demand reduced down to what pre-COVID figures suggested it would be at this point.

Shopify Inc (SHOP) is a publicly traded software-application business based in Canada. On 10 August Shopify shares leapt 10.50% to a closing position of $40.61. However, over the last 12 months, Shopify's share price has fallen by an alarming 74.83% from $148.19 (accounting for the 29 June 2022 split). Shopify is listed on the NYSE and employs 10,000 staff. All prices are listed in US Dollars.

How to buy shares in Shopify

  1. Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: SHOP in this case.
  5. Research Shopify shares. The platform should provide the latest information available.
  6. Buy Shopify shares. It's that simple.

The whole process can take as little as 15 minutes.

Fees for buying 20x Shopify shares with popular platforms

Both exchange rates and share prices fluctuate in real time, so the costs presented here should be considered as a guide only. They do not incorporate stamp duty. Always refer to the platform itself for availability and pricing – which may differ from our information.

Platform Platform fee Min. initial deposit Trading fee estimate
eToro Free Stocks logo £0 $10 £3.09
£622.05 total
Capital at risk
IG Share Dealing logo £0 £250 £11.43
£630.39 total
Capital at risk
Freetrade logo £0 £1 £2.79
£621.74 total
Capital at risk
Fineco logo £0 No minimum £6.19
£625.15 total
Capital at risk
Hargreaves Lansdown Fund and Share Account logo £0 £1 £18.14
£637.10 total
Capital at risk
Degiro Share Dealing logo £0 £0.01 £0.62
£619.58 total
Capital at risk
interactive investor Trading Account logo £9.99 per month No minimum £17.27
£636.23 total
Capital at risk
Stake logo £0 £50 £3.09
£622.05 total
Capital at risk
Halifax Share Dealing Account logo £36 per year £20 £17.24
£636.19 total
Capital at risk

Full comparison of share dealing platforms

Shopify share price (NYSE:SHOP)

Use our graph to track the performance of SHOP stocks over time.

Shopify price performance over time

Historical closes compared with the last close of $37.3

1 week (2022-08-11) -7.72%
1 month (2022-07-18) 14.63%
3 months (2022-05-16) 3.63%
6 months (2022-02-14) -55.99%
1 year (2021-08-18) -75.05%
2 years (2020-08-18) -63.60%
3 years (2019-08-17) 20.31%
5 years (2017-08-17) 298.93%

Is it a good time to buy Shopify stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

eToro Free Stocks

Invest in Shopify shares with 0% commission

  • Start investing from as little as $10
  • Pay no stamp duty on UK shares
  • Join 25 million users who trust their investments with eToro
Other fees apply. Capital at risk

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Is Shopify under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value.

P/E ratio

Shopify's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 306x. In other words, Shopify shares trade at around 306x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

However, Shopify's P/E ratio is best considered in relation to those of others within the software-application industry or those of similar companies.

Shopify shares at a glance

Information last updated 2022-08-17.
Previous close$39.58
Change %-5.7605%
Information last updated 2022-08-15.
52-week range$29.72 - $176.2919
50-day moving average$35.5397
200-day moving average$78.2548
Wall St. target price$76.26
PE ratio306.4616
Dividend yield$0 (0%)
Earnings per share (TTM)$0.13

Do Shopify shares pay dividends?

We're not expecting Shopify to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.

You may also wish to consider:

Share price volatility

Over the last 12 months, Shopify's shares have ranged in value from as little as $29.72 up to $176.2919. A popular way to gauge a stock's volatility is its "beta".

SHOP.US volatility(beta: 1.8)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Shopify's is 1.7954. This would suggest that Shopify's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

To put Shopify's beta into context you can compare it against those of similar companies.

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