What if you invested in Shopify in 2023?
SHOP · Technology · Data through 2026-06-01
If you invested $1,000 in Shopify in 2023
The same $1,000 in the S&P 500 would be worth $1,942(+94.2%)
The S&P 500 returned $1,942 on the same $1,000. Shopify beat the market by $558.
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Compare Shopify to another stock
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What if Shopify keeps this up?
Project forward at Shopify's 29.9% historical growth rate. See 5-30 year scenarios.
Growth of $1,000
Shopify vs. S&P 500 vs. US Dollar, 2023 to present
Year-by-Year Returns
$1,000 invested in Shopify starting January 2023
| Year | Price | Value | Annual |
|---|---|---|---|
| 2023 | $49.27 | $1,000 | - |
| 2024 | $80.07 | $1,625 | +62.5% |
| 2025 | $116.80 | $2,371 | +45.9% |
| 2026 | $131.23 | $2,663 | +12.4% |
What this return means
A $1,000 stake in Shopify (SHOP) from 2023 has grown to $2,499. That is a +149.9% gain, a little over 2.5x your money, measured to 2026-06-01.
In compound terms that is roughly 29.9% 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 $1,942, so Shopify beat the index by roughly $558. The index compounded at about 20.9% a year over that period.
Getting here meant sitting through real volatility. The best single year was 2024 at +62.5%, and the worst was 2025 at +45.9%. These figures use split-adjusted closing prices and exclude dividends, taxes, trading fees, and inflation, so a real after-tax result would differ.
Treat this as history rather than advice. 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.