Shopify (SHOP) Net Shares Issued and Repurchased (2024 - 2026)
Shopify's Net Shares Issued and Repurchased was -$547 million in Q3 2026, compared with $24 million a year earlier.
Powered by 
Analysis
Shopify (SHOP) Net Shares Issued and Repurchased (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, Shopify's Net Shares Issued and Repurchased was -$2.34 billion through Sep 30, 2026; for FY2025, it was $232 million, up 280.3% from FY2024.
- Net Shares Issued and Repurchased has now increased for three consecutive years, with a five-year compound annual growth rate of 26.8% (FY2020 to FY2025).
- In earlier years, Net Shares Issued and Repurchased was $61 million in FY2024 (+1.7%), $60 million in FY2023 (+233.3%), $18 million in FY2022 (-83.4%) and $108.59 million in FY2021 (+53.4%).
- Quarterly Net Shares Issued and Repurchased has moved between -$1.42 billion (Q2 2026) and $105 million (Q4 2025) over five years.
- Per Business Quant data, SHOP's Net Shares Issued and Repurchased in the three quarters before Q3 2026 was -$1.42 billion (Q2 2026), -$485 million (Q1 2026) and $105 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Shares 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 Shares 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-shares-issued-and-repurchased&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-shares-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-shares-issued-and-repurchased&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();