What if you invested $1,000 in Shopify in 2020? (Inflation-Adjusted)
SHOP · Technology · Adjusted to 2026 dollars using BLS CPI-U data
View nominal (non-adjusted) versionA $1,000 investment in Shopify in 2020 grew to $2,400 in nominal terms. But 2020 dollars had 25% more purchasing power than today. After adjusting for cumulative inflation using BLS CPI-U data, the real value of that growth works out to $1,920 in constant 2020 dollars, equivalent to a +11.1% real annualized return.
Nominal final value
$2,400
+140.0% total return
Real value (2020 dollars)
$1,920
+92.0% real total return
Real annualized return
+11.1%
vs. +15% nominal annualized
Year-by-Year (Inflation-Adjusted)
$1,000 in Shopify since 2020, values in constant 2020 dollars
| Year | Nominal Value | Real Value (2020 $) |
|---|---|---|
| 2020 | $1,000 | $1,000 |
| 2021 | $2,359 | $2,246 |
| 2022 | $2,071 | $1,806 |
| 2023 | $1,058 | $889 |
| 2024 | $1,719 | $1,403 |
| 2025 | $2,508 | $2,007 |
| 2026 | $2,818 | $2,255 |
Inflation adjustment uses BLS CPI-U annual data, deflated to 2026 dollars. Nominal stock data from Yahoo Finance (split-adjusted closing prices). Real values are expressed in constant 2020 purchasing-power dollars. For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. See our methodology and full disclaimer.