Shopify Inc. drawdown: 17.2% below the all-time high
Shopify Inc. is 17.2% below its all-time high, set Oct 29, 2025 (as of market close, Sep 30, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −17.2%
- 82.8% of ATH
- All-time high
- $179.01
- Oct 29, 2025
- Time below the high
- 11 mo
- since Oct 29, 2025
- Worst-ever drawdown
- −84.8%
- Oct 11, 2022
- Longest underwater
- 3.9 yrs
- between all-time highs
- Today's level first reached
- Jun 22, 2021
- 5.3 yrs ago
- Last time this deep
- Sep 2, 2025
- in a previous episode
% of all-time high since 2015#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Nov 19, 2021 | Oct 11, 2022 | −84.8% | 11 mo | Oct 24, 2025 | 3.9 yrs |
| Aug 3, 2015 | Feb 12, 2016 | −52.1% | 6 mo | Aug 19, 2016 | 13 mo |
| Oct 29, 2025 | May 13, 2026 | −46.7% | 6 mo | not yet | 11 mo+ |
| Feb 19, 2020 | Mar 16, 2020 | −40.7% | 26 days | Apr 17, 2020 | 58 days |
| Jul 25, 2018 | Dec 24, 2018 | −31.5% | 5 mo | Feb 8, 2019 | 7 mo |
| Aug 27, 2019 | Nov 7, 2019 | −29.8% | 2 mo | Dec 26, 2019 | 4 mo |
| Feb 16, 2021 | Mar 29, 2021 | −29.4% | 41 days | Jun 21, 2021 | 4 mo |
| Jun 17, 2015 | Jul 9, 2015 | −24.8% | 22 days | Aug 3, 2015 | 47 days |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2015: how far Shopify Inc. stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is Shopify Inc. from its all-time high?
- Shopify Inc. is currently 17.2% below its all-time high, set Oct 29, 2025 (as of market close, Sep 30, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Shopify Inc. drawdown ever?
- The deepest decline on record in our data (since 2015) took Shopify Inc. 84.8% below its prior high, bottoming Oct 11, 2022. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from SHOP; no free deep history exists for Shopify Inc. — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.