Shopify (SHOP) Shares Outstanding (2014 - 2026)
Shopify (SHOP) posted Shares Outstanding of 1.3 billion for Q2 2026, down 0.2% from 1.3 billion a year earlier and down 0.6% from the prior quarter.
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Analysis
Shopify (SHOP) Shares Outstanding (2014 - 2026) Analysis & Trends
Since Q4 2014, Shopify has reported Shares Outstanding for 20 quarters.
- Annual Shares Outstanding has increased for 12 consecutive years, with a five-year compound annual growth rate of 1.7% (FY2020 to FY2025).
- In prior years, Shopify's Shares Outstanding was 1.29 billion in FY2024 (+0.6%), 1.28 billion in FY2023 (+1.2%), 1.27 billion in FY2022 (+1.6%) and 1.25 billion in FY2021 (+4.3%).
- The Q2 2026 figure stands as the lowest quarterly Shares Outstanding since Q4 2024.
- On a year-over-year basis, Shares Outstanding increased in six of the last seven quarters, with growth averaging 0.5%.
- The strongest year-over-year quarter for Shares Outstanding in the past five years was Q4 2021, with growth of 4.3%; the weakest was Q2 2026, with a decline of 0.2%.
- According to Business Quant data, Shares Outstanding for the three prior quarters was 1.3 billion (Q1 2026), 1.3 billion (Q4 2025) and 1.3 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,541.13 Bn | 3,276.03 Bn | 76.16 Bn | 12.15 Bn |
| 2 | Meta Platforms | 1,587.35 Bn | 1,251.87 Bn | 51.23 Bn | 2.55 Bn |
| 3 | Netflix | 272.62 Bn | 233.92 Bn | 6.80 Bn | 4.13 Bn |
| 4 | Alibaba Group Holding | 244.75 Bn | 66.83 Bn | 15.16 Bn | 2.32 Bn |
| 5 | Shopify | 196.93 Bn | 175.73 Bn | 1.78 Bn | 1.29 Bn |
| 6 | Uber Technologies | 142.58 Bn | 114.55 Bn | 6.38 Bn | 2.04 Bn |
| 7 | Spotify Technology | 129.18 Bn | 86.10 Bn | 1.89 Bn | 205.41 Mn |
| 8 | Booking Holdings | 127.15 Bn | 60.90 Bn | - | 750.00 Mn |
| 9 | PDD Holdings | 116.93 Bn | -127.12 Bn | 9.48 Bn | 1.40 Bn |
| 10 | Airbnb | 104.06 Bn | 57.29 Bn | 2.98 Bn | 592.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.29 Bn |
| Jun 30, 2026 | 1.30 Bn |
| Mar 31, 2026 | 1.30 Bn |
| Dec 31, 2025 | 1.30 Bn |
| Sep 30, 2025 | 1.30 Bn |
| Jun 30, 2025 | 1.30 Bn |
| Mar 31, 2025 | 1.30 Bn |
| Dec 31, 2024 | 1.29 Bn |
| Sep 30, 2024 | 1.29 Bn |
| Jun 30, 2024 | 1.29 Bn |
| Mar 31, 2024 | 1.29 Bn |
| Dec 31, 2023 | 1.28 Bn |
| Dec 31, 2022 | 1.27 Bn |
| Dec 31, 2021 | 1.25 Bn |
| Dec 31, 2020 | 1.20 Bn |
| Dec 31, 2019 | 1.13 Bn |
| Dec 31, 2018 | 1.06 Bn |
| Dec 31, 2017 | 957.75 Mn |
| Dec 31, 2016 | 839.89 Mn |
| Dec 31, 2015 | 617.16 Mn |
API Access
Shopify Shares Outstanding 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=shares-outstanding&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();