Co-movers

daily closesMethod

Moved together

SHOPwithAPP

No shared trading history for SHOP and APP.

Shared co-movers: not yet measured (SHOP).

SHOP, solidAPP, hatchedr = correlationBar = r to r 0.75Source: daily closes

SHOPShopify Inc.

150.41+4.64%

Mkt cap$197.5BRevenue$3.7BQ3 FY26Revenue$11.6BFY25

APPAppLovin Corp

384.30+7.92%

Regular sessionNov 6 '26

Mkt cap$118.0BRevenue$2.2BQ3 FY26Revenue$5.5BFY25

vs

Compare

Regular sessionNov 6 '26

SHOPShopify Inc.

vs

APPAppLovin Corp

150.41+4.64%

Price

384.30+7.92%

$197.5B

Mkt cap

$118.0B

Q3 FY26$3.7B

Revenue

$2.2BQ3 FY26

FY25$11.6B

Revenue

$5.5BFY25

SHOP compared with APP: revenue, margins and what each company keeps, and the suppliers and customers both name