10 Profitable SaaS Companies for 2026

​3. Shopify Inc. (NASDAQ:SHOP)

Number of Hedge Fund Holders: 91

​Shopify Inc. (NASDAQ:SHOP) is one of the Profitable SaaS Companies for 2026. The company recently reported robust fiscal Q4 2025 results. Shopify Inc. (NASDAQ:SHOP) grew its quarterly revenue by 31% year-over-year to $3.67 billion, surpassing the Street’s estimates of $3.59 billion. The EPS of $0.57 also topped analysts’ consensus of $0.51.

“2025 was Shopify at full throttle – driving compounding growth, while laying the rails for the new era of AI commerce,”

Harley Finkelstein, President of Shopify.

Management attributed the quarterly and full-year performance to be driven by multiple growth factors, including International revenue growth, Offline revenue growth, and B2B GMV growth. Notably, the company maintained 19% free cash flow margins, marking ten consecutive quarters of double-digit free cash flow margins. This comes as Shopify is investing in Catalog, Sidekick, Universal Commerce Protocol, and its full platform of commerce solutions.

​That said, earlier on February 9, MoffettNathanson upgraded Shopify Inc. (NASDAQ:SHOP) from Neutral to Buy and raised the price target from $122 to $150. The firm finds Shopify as an “unusually attractive entry point” and believes it is a “long-term winner in the AI commerce wars.”

​Shopify Inc. (NASDAQ:SHOP) is a Canadian‑based global commerce technology company that provides an all‑in‑one e‑commerce platform for businesses of all sizes.