SHOP monthly performance report
Explore SHOP's monthly returns, drawdown, and seasonality trends — updated every month.
SHOP monthly report
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Key takeaways
- Shopify (SHOP) closed September 2026 at $128.50, down 12.80% for the month and −15.52% over the trailing 12 months.
- Year-to-date, SHOP is −20.17%, underperforming the S&P 500 which has returned +11.70% YTD.
- The stock is trading −1.82% versus its 200-day moving average ($130.88), a cautious technical signal.
- Over the past three years, SHOP has outperformed the S&P 500 by +44.27%, with a relative strength index reading of 125.8.
- Win rate over the trailing 39 months stands at 51.3% — 20 positive months versus 19 negative months.
Shopify ended September 2026 at $128.50, posting a monthly return of −12.80%. The S&P 500 returned −0.70% over the same window, leaving relative performance at −12.11%.
The current quarter stands at +12.54% (Q3 2026 (QTD)), while medium-term trend remains soft: price is −1.82% versus the 200-day moving average ($130.88).
Year-to-date, SHOP is −20.17% against SPY +11.70%, a gap of −31.87%. The stock is currently −29.47% below its 52-week high, with maximum 3-year drawdown at −46.71%.
| Period | SHOP | S&P 500 (SPY) | Excess return |
|---|---|---|---|
| 1 Day | −0.08% | −0.12% | +0.04% |
| 1 Week | −0.23% | −0.34% | +0.12% |
| 1 Month | −12.80% | −0.70% | −12.11% |
| 3 Months | +14.23% | +2.80% | +11.43% |
| 6 Months | +1.85% | +13.85% | −12.00% |
| YTD | −20.17% | +11.70% | −31.87% |
| 12 Months | −15.52% | +15.01% | −30.54% |
| 3 Years | +115.97% | +71.69% | +44.27% |
| Rank | Month | Return |
|---|---|---|
| #1 | Nov 2023 | +54.31% |
| #2 | Nov 2024 | +47.81% |
| #3 | Aug 2026 | +25.80% |
| #4 | Aug 2024 | +21.03% |
| #5 | Oct 2025 | +16.99% |
| Rank | Month | Return |
|---|---|---|
| #1 | Jan 2026 | −18.48% |
| #2 | Sep 2023 | −17.93% |
| #3 | May 2024 | −15.74% |
| #4 | Mar 2025 | −14.75% |
| #5 | Oct 2023 | −13.52% |
| Quarter | Return |
|---|---|
| Q2 2025 | +20.81% |
| Q3 2025 | +28.83% |
| Q4 2025 | +8.32% |
| Q1 2026 | −26.31% |
| Q2 2026 | −3.74% |
| Q3 2026 (QTD) | +12.54% |
| Year | Return |
|---|---|
| 2023 | +124.43% |
| 2024 | +36.50% |
| 2025 | +51.39% |
| 2026 | −20.17% |
| Metric | Value |
|---|---|
| 52-Week High | $182.19 (2025-10-29) |
| 52-Week Low | $94.00 (2026-05-14) |
| Current Price | $128.50 |
| 200-Day Moving Average | $130.88 |
| Price vs 200DMA | −1.82% |
| 3-Year Maximum Drawdown | −46.71% (2026-05-13) |
| Current Drawdown from 52W High | −29.47% |
| RS metric | Value |
|---|---|
| RS Index (3-year, rebased to 100) | 125.8 |
| 3-Year Excess Return vs S&P 500 | +44.27% |
| RS Peak | 194.2 (Oct 2025) |
| RS Trough | 75.3 (Aug 2024) |
| Status | Outperforming Benchmark |
Frequently asked questions
What was SHOP's return for this report period?
SHOP returned −12.80% in the latest monthly window ending 2026-09-18.
Has SHOP outperformed SPY year to date?
YTD SHOP: −20.17% vs SPY: +11.70%.
What is SHOP's 12-month return?
−15.52% over the trailing 12 months.
Is SHOP above or below its 200-day moving average?
Price is −1.82% versus 200DMA ($130.88).
What is the maximum drawdown in the 3-year window?
−46.71% on 2026-05-13.