{
  "data_version": "seed-0.7 · marketcap-1 · 2026-08-30",
  "source": "https://finance.foundation",
  "license": {
    "finance_foundation_data": "CC BY 4.0 — attribution: Finance Foundation (https://finance.foundation)",
    "upstream_values": "Fields sourced from a provider carry their own source field and remain under that provider's terms — see https://finance.foundation/api/v1/sources"
  },
  "entity": "company",
  "data": {
    "id": "shopify",
    "name": "Shopify",
    "legal_name": "Shopify Inc.",
    "ticker": "SHOP",
    "exchange": "tsx",
    "country": "canada",
    "sector": "Technology",
    "industry": "E-Commerce Software",
    "market_cap_usd_bn": 197.3,
    "currency": "CAD",
    "website": "https://www.shopify.com",
    "founded": 2006,
    "description": "Commerce operating system powering millions of online stores; payments and logistics services.",
    "identifiers": {
      "lei": "549300HGQ43STJLLP808",
      "isin": "CA82509L1076",
      "figi": "BBG004DW5NC7"
    },
    "market_cap_seed_usd_bn": 150,
    "market_cap_basis": "computed",
    "market_cap_as_of": "2026-08-28",
    "market_cap": {
      "usd_bn": 197.3,
      "method": "shares_outstanding x price",
      "shares_outstanding": 1286643931,
      "shares_basis": "outstanding",
      "shares_as_of": "2026-06-30",
      "shares_source": "SEC 10-Q cover page (2026-06-30)",
      "shares_source_url": "https://www.sec.gov/Archives/edgar/data/1594805/000159480526000047/R1.htm",
      "price": 212.42,
      "price_currency": "CAD",
      "price_date": "2026-08-28",
      "price_symbol": "SHOP.TO",
      "price_venue": "Toronto",
      "fx": "ECB euro reference rates, 2026-08-28",
      "adr_ratio": null,
      "caveat": "NOT an ADR situation — Shopify's Nasdaq line (shop, USD 152.90) and its TSX line (SHOP.TO, CAD 212.42) are the same Class A subordinate voting share dual-listed 1:1, so adr_symbol/adr_ratio are null. Both symbols verified 200 OK. I set yahoo_symbol to the Canadian home market per the region rule, but be aware the Nasdaq line is by far the more liquid and price-setting one, and using SHOP.TO means the cap comes out in CAD (~CAD 273bn ≈ USD 197bn) — the FX step is where this one usually goes wrong."
    },
    "fundamentals": {
      "period": "2025-12-31",
      "form": "10-K",
      "filed": "2026-02-11",
      "filing_url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001594805&type=10-K&dateb=&owner=include&count=10",
      "reporting_currency": "USD",
      "fx": null,
      "note": "Every metric comes from the same annual filing; a metric absent from that filing is absent here rather than taken from another year. Each carries the XBRL tag it was read from.",
      "metrics": {
        "revenue": {
          "value": 11556000000,
          "usd": 11556000000,
          "tag": "us-gaap:Revenues",
          "start": "2025-01-01",
          "end": "2025-12-31"
        },
        "net_income": {
          "value": 1231000000,
          "usd": 1231000000,
          "tag": "us-gaap:NetIncomeLoss",
          "start": "2025-01-01",
          "end": "2025-12-31"
        },
        "operating_income": {
          "value": 1468000000,
          "usd": 1468000000,
          "tag": "us-gaap:OperatingIncomeLoss",
          "start": "2025-01-01",
          "end": "2025-12-31"
        },
        "assets": {
          "value": 15189000000,
          "usd": 15189000000,
          "tag": "us-gaap:Assets",
          "start": null,
          "end": "2025-12-31"
        },
        "equity": {
          "value": 13473000000,
          "usd": 13473000000,
          "tag": "us-gaap:StockholdersEquity",
          "start": null,
          "end": "2025-12-31"
        },
        "rnd": {
          "value": 1536000000,
          "usd": 1536000000,
          "tag": "us-gaap:ResearchAndDevelopmentExpense",
          "start": "2025-01-01",
          "end": "2025-12-31"
        },
        "cash": {
          "value": 1545000000,
          "usd": 1545000000,
          "tag": "us-gaap:CashAndCashEquivalentsAtCarryingValue",
          "start": null,
          "end": "2025-12-31"
        }
      }
    }
  },
  "field_provenance": {
    "market_cap_usd_bn": "Computed, not copied: shares outstanding from the issuer's own filing x the closing price on its home listing. The inputs, their dates and the filing URL are in the `market_cap` object; null means we hold no share count we can source. `market_cap_seed_usd_bn` is the superseded hand-entered value, kept only so the two can be told apart.",
    "founded": "Company's own corporate history / registration record.",
    "sector": "Finance Foundation classification, not GICS or ICB (both licensed).",
    "identifiers": {
      "lei": "GLEIF (CC0) — free to redistribute",
      "isin": "Issuer's own primary listing document; ISO 6166 check digit validated. For a company carried via its US ADR this is the ADR ISIN — see us_listing_type",
      "figi": "OpenFIGI (open standard) — free to redistribute"
    }
  },
  "links": {
    "html": "https://finance.foundation/companies/shopify",
    "graph": "https://finance.foundation/api/v1/graph/companies/shopify",
    "sources": "https://finance.foundation/api/v1/sources"
  }
}