Shopify (NYSE:SHOP) has outperformed the market over the past 15 years by 6.05% on an annualized basis producing an average annual return of 18.24%. Currently, Shopify has a market capitalization of $95.62 billion.
Buying $1000 In SHOP: If an investor had bought $1000 of SHOP stock 15 years ago, it would be worth $12,385.14 today based on a price of $74.10 for SHOP at the time of writing.
Shopify's Performance Over Last 15 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.