Shopify Inc - Class A risk profile
27 Normal where most of the sector sits
Measured 21 October 2026 from SHOP's filed statements. Recomputed nightly.
27 (Normal), driven by Market expectation at 42, over 5 weighted categories on the SOFTWARE profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 42 | Elevated | Volatile | One-year price volatility — 60.2% |
| Operating pressure | 18 | Contained | Stable | Costs outgrowing revenue — -2.5 percentage points |
| Cash conversion | 16 | Contained | Easing | Cash conversion — 1.65x |
| Leverage and coverage | 0 | Contained | Easing | Net debt to EBITDA — -0.91x |
| Competitive position | 31 | Normal | Stable | Operating-margin gap against peers — +2.4 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.
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Financials, valuation and price history for Shopify Inc - Class A