Shopify's enterprise tier (Plus) is driving up-market expansion against Salesforce Commerce Cloud, with brands shifting from legacy platforms to consolidate stack. Shopify Payments and Capital provide attached fintech monetization at scale. AI merchant tools (Sidekick, Magic) reduce friction for SMB onboarding. International expansion (Europe, Japan) reaccelerating. Operating margin expansion path established post-2023 restructuring.
Thesis reviewed May 29, 2026
Shopify Inc. is headquartered in United States, which is currently showing elevated risk signals.
🇺🇸United States82EXITView United States risk detail →💻Technology26WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| HUBS | HubSpot Inc. | 33 | +10% | ↓8% | EARLY |
| BABA | Alibaba Group Holding Ltd | 30 | +17% | ↓8% | EARLY |
| NTES | NetEase Inc | 30 | +10% | ↓8% | EARLY |
| SAP | SAP SE | 30 | +8% | ↓8% | EARLY |
| PSO | Pearson PLC | 30 | +10% | ↓8% | NEUTRAL |
| ACN | Accenture plc | 30 | +7% | ↓8% | NEUTRAL |
| TCS | Tata Consultancy Services Ltd | 30 | +11% | ↓8% | EARLY |
Investors who hold SHOP may also have indirect exposure through these country funds.
Shopify Plus enterprise win against Salesforce Commerce Cloud at major retailer
Shopify Payments attach rate hits 65% of GMV
Estimates · Yahoo Finance · Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Jonathan JacksonIL | D | Buy | $1k–$15k | Feb 3, 26 | -5.9% |
| Jonathan JacksonIL | D | Buy | Unknown amount | Jan 30, 26 | +1.2% |
| Jonathan JacksonIL | D | Buy | Unknown amount | Dec 8, 25 | -29.5% |
| Markwayne Mullin | Buy | $1k–$15k | Jan 3, 23 | -20.9% | |
| Markwayne Mullin | Sell | $1k–$15k | Jan 4, 24 | -20.5% | |
| Markwayne Mullin | Sell | $1k–$15k | Dec 22, 23 | -20.5% | |
| Josh GottheimerNJ | D | Buy | $1k–$15k | Nov 13, 24 | +4.0% |
| Josh GottheimerNJ | D | Sell | $1k–$15k | Aug 1, 24 | +66.0% |