Shopify Stock Hits Day High with Strong 3.69% Intraday Surge

Shopify, Inc. has experienced a notable uptick in its stock performance, gaining 3.69% on October 24, 2025. The stock reached an intraday high of CAD 244.68, reflecting strong momentum in the market. Over the past week, Shopify has shown a robust performance with a 9.59% increase, significantly outperforming the S&P/TSX 60, which rose by only 1.08% during the same period.
In the longer term, Shopify's performance remains impressive, with a remarkable 118.97% increase over the past year, compared to the S&P/TSX 60's 21.89% gain. Year-to-date, the stock has surged by 58.26%, further solidifying its position in the large-cap software products industry.

Despite some challenges in management efficiency, indicated by a return on equity of 5.87%, Shopify has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 37.88%. The company has reported positive results for six consecutive quarters, showcasing strong operating cash flow and significant profit growth. With high institutional holdings at 73.85%, Shopify continues to be a key player in the software sector.