Shopify (SHOP) Net Equity Issued and Repurchased (2024 - 2026)
Shopify's Net Equity Issued and Repurchased came in at -$547 million for Q3 2026, compared with $24 million a year earlier.
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Analysis
Shopify (SHOP) Net Equity Issued and Repurchased (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Shopify reported Net Equity Issued and Repurchased of -$2.34 billion; for FY2025, it came in at $232 million, up 280.3% from FY2024.
- Net Equity Issued and Repurchased has increased in each of the last three years, though with a five-year compound annual growth rate of -38.6% (FY2020 to FY2025).
- Going back by year, Net Equity Issued and Repurchased was $61 million in FY2024 (+1.7%), $60 million in FY2023 (+233.3%), $18 million in FY2022 (-98.9%) and $1.65 billion in FY2021 (-37.7%).
- The five-year range for quarterly Net Equity Issued and Repurchased is -$1.42 billion (Q2 2026) to $105 million (Q4 2025).
- Business Quant data shows SHOP's Net Equity Issued and Repurchased at -$1.42 billion (Q2 2026), -$485 million (Q1 2026) and $105 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Equity Issued (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 12.37 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | - |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | -4.72 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | - |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | -547.00 Mn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | -750.00 Mn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | -1.28 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 438.31 Mn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | -2.14 Bn |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -547.00 Mn |
| Jun 30, 2026 | -1.42 Bn |
| Mar 31, 2026 | -485.00 Mn |
| Dec 31, 2025 | 105.00 Mn |
| Sep 30, 2025 | 24.00 Mn |
| Jun 30, 2025 | 44.00 Mn |
| Mar 31, 2025 | 59.00 Mn |
| Dec 31, 2024 | 49.00 Mn |
| Sep 30, 2024 | 6.00 Mn |
| Jun 30, 2024 | 3.00 Mn |
| Mar 31, 2024 | 3.00 Mn |
API Access
Shopify Net Equity Issued and Repurchased API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-equity-issued-and-repurchased&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-equity-issued-and-repurchased", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-equity-issued-and-repurchased&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();