Shopify (NYSE:SHOP) has outperformed the market over the past 10 years by 29.87% on an annualized basis producing an average annual return of 40.42%. Currently, Shopify has a market capitalization of $87.51 billion.
Buying $100 In SHOP: If an investor had bought $100 of SHOP stock 10 years ago, it would be worth $2,960.28 today based on a price of $67.82 for SHOP at the time of writing.
Shopify's Performance Over Last 10 Years
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.