SAP (SAP) vs Shopify (SHOP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Shopify (SHOP) has outperformed SAP (SAP) over the past year, gaining 2.9% versus a loss of 23.3%. Over five years, SAP leads with a +43.9% price change compared with +16.5% for SHOP. SAP is the larger company by market cap ($245.15 billion vs $213.54 billion), about 1.1 times the size.
On valuation, SAP trades at a lower forward P/E (21.9x vs 67.1x for Shopify). SAP pays a dividend yielding 1.18%, while Shopify does not currently pay one. SAP converts more of its revenue into profit, with a net margin of 17.1% versus 10.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | SAP | SHOP |
|---|---|---|
| Share price | $212.40 | $164.56 |
| Market cap | $245.15B | $213.54B |
| 1-day change | +1.08% | -0.89% |
| YTD return | -13.49% | +3.14% |
| 1-year return | -23.26% | +2.95% |
| 5-year return | +43.90% | +16.55% |
| P/E ratio (TTM) | 27.27 | 111.19 |
| Forward P/E | 21.93 | 67.12 |
| EPS (TTM) | $7.79 | $1.48 |
| Dividend yield | 1.18% | 0.00% |
| Annual dividend | $2.50 | $0.00 |
| Revenue (latest FY) | $28.20B | $11.56B |
| Revenue growth (YoY) | — | +30.14% |
| Net income (latest FY) | $4.83B | $1.23B |
| Gross margin | 69.95% | 48.07% |
| Operating margin | 20.79% | 12.70% |
| Net margin | 17.12% | 10.65% |
| 52-week high | $281.37 | $182.19 |
| 52-week low | $144.97 | $94.00 |
| Distance from 52-week high | -24.51% | -9.68% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +18.88% | +5.18% |
| Average volume | 2.58M | 9.45M |
| Shares outstanding | 1.15B | 1.22B |
| Employees | 112,019 | 7,600 |
| Sector | Technology | Technology |
| Industry | Computer Software: Prepackaged Software | Computer Software: Prepackaged Software |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- SHOP has outperformed SAP by 26.2 percentage points over the past year.
- Shopify trades at a higher earnings multiple (111.2x vs 27.3x trailing P/E).
- SAP offers a meaningfully higher dividend yield (1.18% vs 0.00%).
- SAP is more profitable, keeping 17.1 cents of every revenue dollar as net income versus 10.7 cents for Shopify.
About SAP
SAP stock →SAP SE, together with its subsidiaries, provides enterprise application and business solutions worldwide. It offers SAP Business AI; SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR, time, payroll, talent and employee experience management, and analytics and planning; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.
Technology · Computer Software: Prepackaged Software · 112,019 employees
About Shopify
SHOP stock →Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces.
Technology · Computer Software: Prepackaged Software · 7,600 employees
SAP vs SHOP FAQ
Which is bigger, SAP or Shopify?
SAP (SAP) is larger, with a market capitalization of $245.15B compared with $213.54B for Shopify (SHOP).
Which stock has performed better over the past year, SAP or SHOP?
SHOP returned +2.95% over the past 12 months, compared with -23.26% for SAP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, SAP or SHOP?
SAP has the lower trailing P/E at 27.3, versus 111.2 for SHOP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, SAP or Shopify?
SAP pays a dividend yielding 1.18%, while Shopify does not currently pay a regular dividend.
Are SAP and Shopify in the same industry?
Yes. Both are classified in the Computer Software: Prepackaged Software industry within the Technology sector.