Shopify Shares Rise 42% in a Year: Will the Rally Continue in 2026?

Key Takeaways Shopify's GMV and revenues rose 32% in Q3 2025, with growth accelerating across consecutive quarters. An expanding merchant base and AI-powered tools are fueling performance and driving free cash flow gains. SHOP's valuation remains a concern, trading at a premium P/S ratio well above peers like AMZN and WIX.Shopify (SHOP) shares have returned 41.6% in the trailing 12-month period, outperforming the broader Zacks Computer and Technology sector’s rise of 20.4%. The outperformance can be attribu ...