Growth Metrics

Shopify (SHOP) Shares Outstanding (Diluted Average) (2019 - 2026)

Shopify's quarterly Shares Outstanding (Diluted Average) came in at $1.3 billion in Q1 2026, up 0.62% year-on-year from $1.3 billion in Q1 2025, and little changed quarter-over-quarter from $1.3 billion in Q4 2025.

Shopify has reported Shares Outstanding (Diluted Average) for 8 years, with the latest figure at $1.3 billion in Q1 2026.

  • For the quarter ending Q1 2026, Shares Outstanding (Diluted Average) rose 0.62% year-over-year to $1.3 billion; the trailing twelve-month figure through Mar 2026 stood at $1.3 billion (up 0.62% YoY), and the FY2025 full-year result was $1.3 billion, changed 0.26% from the prior year.
  • Shares Outstanding (Diluted Average) for Q1 2026 stood at $1.3 billion, roughly flat from $1.3 billion in the prior quarter.
  • The five-year high for Shares Outstanding (Diluted Average) was $1.3 billion in Q3 2025, with the low at $932.9 million in Q4 2022.
  • Average Shares Outstanding (Diluted Average) over 5 years is $1.2 billion, with a median of $1.3 billion recorded in 2024.
  • Year-over-year, Shares Outstanding (Diluted Average) decreased 7.68% in 2022 and jumped 36.77% in 2024.
  • Tracing SHOP's Shares Outstanding (Diluted Average) over 5 years: stood at $932.9 million in 2022, then grew by 2.01% to $951.6 million in 2023, then jumped by 36.77% to $1.3 billion in 2024, then rose by 0.26% to $1.3 billion in 2025, then slipped by 0.12% to $1.3 billion in 2026.
  • The last three Shares Outstanding (Diluted Average) figures came in at $1.3 billion (Q1 2026), $1.3 billion (Q4 2025), and $1.3 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Shares (Diluted Avg.) (Qtr)
1 Sap Se 253.17 Bn 235.20 Bn 8.16 Bn -
2 Salesforce 171.07 Bn 161.50 Bn 8.69 Bn 956.00 Mn
3 Uber Technologies 151.10 Bn 150.06 Bn 11.88 Bn 2.07 Bn
4 Shopify 134.25 Bn 128.50 Bn 1.55 Bn 1.30 Bn
5 ServiceNow 105.72 Bn 100.54 Bn 2.83 Bn 1.04 Bn
6 Cadence Design Systems 101.64 Bn 100.23 Bn 1.26 Bn 273.73 Mn
7 Adobe 100.35 Bn 93.46 Bn 5.73 Bn 411.00 Mn
8 Automatic Data Processing 90.91 Bn 87.68 Bn 2.87 Bn 404.50 Mn
9 Intuit 88.30 Bn 81.52 Bn 6.77 Bn 279.00 Mn
10 Datadog 78.54 Bn 73.78 Bn 797.20 Mn 364.73 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 1.30 Bn
Dec 31, 2025 1.30 Bn
Sep 30, 2025 1.31 Bn
Jun 30, 2025 1.31 Bn
Mar 31, 2025 1.30 Bn
Dec 31, 2024 1.30 Bn
Sep 30, 2024 1.30 Bn
Jun 30, 2024 1.29 Bn
Mar 31, 2024 1.29 Bn
Dec 31, 2023 951.60 Mn
Dec 31, 2022 932.86 Mn
Dec 31, 2021 1.01 Bn
Jun 30, 2021 1,680.00
Mar 31, 2021 7,853.59
Dec 31, 2020 1,986.67
Dec 31, 2019 833.25