SHOP vs. WDAY: Shopify vs. Workday Stock Comparison
How do Shopify (SHOP) and Workday (WDAY) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Shopify (SHOP) and Workday (WDAY) both fall under the Software & Services industry group, but SHOP is classified in IT Services while WDAY is classified in Software.
| Profile Item | SHOP | WDAY |
|---|---|---|
| Name | Shopify Inc. | Workday Inc Class A Common Stock |
| Country/Region | Canada | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | IT Services | Software |
| GICS Sub-Industry | Internet Services & Infrastructure | Application Software |
| Market Capitalization | 191.58 billion USD | 46.49 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | May 20, 2015 | October 12, 2012 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | SHOP | WDAY |
|---|---|---|
| Total Return (1Y) | -0.87% | -14.74% |
| Total Return (3Y, Annualized) | 35.77% | -5.22% |
| Total Return (5Y, Annualized) | -0.57% | -8.14% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Shopify (SHOP) carries a highly aggressive beta of 2.65, indicating much higher sensitivity to broad-market moves, whereas Workday (WDAY) is closer to market-like at 1.01 — a noticeable difference in market-sensitivity profile.
| Metric | SHOP | WDAY |
|---|---|---|
| Volatility (1Y, Annualized) | 59.71% | 54.35% |
| Beta (5Y) | 2.65 | 1.01 |
| Max Drawdown (5Y) | -84.82% | -63.38% |
| Avg. Volume (3M) | 8.79M | 3.14M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | SHOP | WDAY |
|---|---|---|
| Sharpe Ratio (1Y) | -0.09 | -0.35 |
| Sortino Ratio (1Y) | -0.12 | -0.54 |
Profitability
ROE (TTM)
Both Shopify (SHOP) at 16.83% and Workday (WDAY) at 16.01% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
SHOP
Software & Services industry group
16.83%
- Max
- 53.85%
- Q3
- 17.90%
- SHOP
- 16.83%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
WDAY
Software & Services industry group
16.01%
- Max
- 53.85%
- Q3
- 17.90%
- WDAY
- 16.01%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
Both Shopify (SHOP) at 15.01% and Workday (WDAY) at 12.32% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
SHOP
Software & Services industry group
15.01%
- Max
- 41.17%
- Q3
- 15.28%
- SHOP
- 15.01%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
WDAY
Software & Services industry group
12.32%
- Max
- 41.17%
- Q3
- 15.28%
- WDAY
- 12.32%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Shopify (SHOP) at 18.39% operates in the top operating margin quartile, ahead of Workday (WDAY) at 11.82%, which runs around its industry’s norm.
SHOP
Software & Services industry group
18.39%
- Max
- 46.89%
- SHOP
- 18.39%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
WDAY
Software & Services industry group
11.82%
- Max
- 46.89%
- Q3
- 17.64%
- WDAY
- 11.82%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | SHOP | WDAY |
|---|---|---|
| ROE (TTM) | 16.83% | 16.01% |
| ROA (TTM) | 10.77% | 4.51% |
| Net Margin (TTM) | 15.01% | 12.32% |
| Operating Margin (TTM) | 18.39% | 11.82% |
| Gross Margin (TTM) | 47.49% | 75.80% |
Growth
Revenue Growth
Shopify (SHOP) at 30.14% sits in the top revenue growth quartile, while Workday (WDAY) at 13.10% is closer to the peer norm — faster top-line expansion for SHOP.
EPS Growth
Both Shopify (SHOP) at -39.47% and Workday (WDAY) at 32.82% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | SHOP | WDAY |
|---|---|---|
| Revenue Growth (YoY) | 30.14% | 13.10% |
| Revenue Growth (3Y CAGR) | 27.31% | 15.40% |
| EPS Growth (YoY) | -39.47% | 32.82% |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Shopify (SHOP) at 4.86 carries current ratio above its industry’s typical mid-range, while Workday (WDAY) at 0.91 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
SHOP
Software & Services industry group
4.86
- Max
- 5.11
- SHOP
- 4.86
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
WDAY
Software & Services industry group
0.91
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- WDAY
- 0.91
- Min
- 0.03
Debt / Equity (MRQ)
Shopify (SHOP) at 0.01 keeps leverage in the lower industry quartile, while Workday (WDAY) at 0.58 runs a more typical debt-to-equity mix.
SHOP
Software & Services industry group
0.01
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- SHOP
- 0.01
- Min
- 0.00
WDAY
Software & Services industry group
0.58
- Max
- 2.52
- Q3
- 1.13
- WDAY
- 0.58
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | SHOP | WDAY |
|---|---|---|
| Current Ratio (MRQ) | 4.86 | 0.91 |
| Debt / Equity (MRQ) | 0.01 | 0.58 |
| Net Debt / EBITDA | -1.75 | 0.23 |
Dividends
Dividend Yield (TTM)
Neither Shopify (SHOP) nor Workday (WDAY) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
SHOP
Software & Services industry group
0.00%
- SHOP
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
WDAY
Software & Services industry group
0.00%
- WDAY
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Shopify (SHOP) nor Workday (WDAY) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
SHOP
Software & Services industry group
0.00%
- SHOP
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
WDAY
Software & Services industry group
0.00%
- WDAY
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | SHOP | WDAY |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Workday (WDAY) at 39.29 is near its industry’s usual P/E ratio, while Shopify (SHOP) at 91.36 sits in the richer quartile — SHOP needs stronger growth or earnings quality to justify the premium.
SHOP
Software & Services industry group
91.36
- Max
- 112.94
- SHOP
- 91.36
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
WDAY
Software & Services industry group
39.29
- Max
- 112.94
- Q3
- 60.32
- WDAY
- 39.29
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
P/S Ratio (TTM)
Workday (WDAY) at 4.58 is priced about in line with its industry on P/S ratio, while Shopify (SHOP) at 13.52 sits in the pricier quartile — SHOP costs more per dollar of sales.
SHOP
Software & Services industry group
13.52
- Max
- 17.91
- SHOP
- 13.52
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
WDAY
Software & Services industry group
4.58
- Max
- 17.91
- Q3
- 8.78
- WDAY
- 4.58
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Workday (WDAY) at 7.20 is valued about in line with its industry on P/B ratio, while Shopify (SHOP) at 15.02 carries an above-peer premium to book — SHOP is pricier on assets.
SHOP
Software & Services industry group
15.02
- Max
- 16.63
- SHOP
- 15.02
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
WDAY
Software & Services industry group
7.20
- Max
- 16.63
- Q3
- 8.50
- WDAY
- 7.20
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | SHOP | WDAY |
|---|---|---|
| P/E Ratio (TTM) | 91.36 | 39.29 |
| P/S Ratio (TTM) | 13.52 | 4.58 |
| P/B Ratio (MRQ) | 15.02 | 7.20 |
| Free Cash Flow Yield (TTM) | 0.86% | 6.55% |