What if you invested in Shopify in 2020?
SHOP · Technology · Data through 2026-06-01
If you invested $1,000 in Shopify in 2020
The same $1,000 in the S&P 500 would be worth $2,574(+157.4%)
The S&P 500 returned $2,574 on the same $1,000. Shopify beat the market by $71.
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Compare Shopify to another stock
See how Shopify stacks up since 2020, head to head.
What if Shopify keeps this up?
Project forward at Shopify's 16.1% historical growth rate. See 5-30 year scenarios.
Growth of $1,000
Shopify vs. S&P 500 vs. US Dollar, 2020 to present
Year-by-Year Returns
$1,000 invested in Shopify starting January 2020
| Year | Price | Value | Annual |
|---|---|---|---|
| 2020 | $46.57 | $1,000 | - |
| 2021 | $109.86 | $2,359 | +135.9% |
| 2022 | $96.42 | $2,071 | -12.2% |
| 2023 | $49.27 | $1,058 | -48.9% |
| 2024 | $80.07 | $1,719 | +62.5% |
| 2025 | $116.80 | $2,508 | +45.9% |
| 2026 | $131.23 | $2,818 | +12.4% |
What this return means
A $1,000 stake in Shopify (SHOP) from 2020 has grown to $2,645. That is a +164.5% gain, a little over 2.6x your money, measured to 2026-06-01.
In compound terms that is roughly 16.1% a year, well above what a broad index has historically returned. The same $1,000 in an S&P 500 index fund over the same span would be about $2,574, so Shopify beat the index by roughly $71. The index compounded at about 15.7% a year over that period.
The year-by-year record shows how bumpy the ride was. The best single year was 2021 at +135.9%, and the worst was 2023 at -48.9%. At its lowest point the position was down about 55% from an earlier high. These figures use split-adjusted closing prices and exclude dividends, taxes, trading fees, and inflation, so a real after-tax result would differ.
None of this is a recommendation. It is a record of what already happened, and past performance does not guarantee future results.
Shopify at different times
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Numbers worth sharing
Occasional data drops when something interesting surfaces. No schedule, just signal.
For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. All calculations are based on split-adjusted closing prices from Yahoo Finance and do not account for dividends, taxes, or trading fees. See our methodology and full disclaimer.