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

Shopify (SHOP) recorded quarterly Shares Outstanding (Diluted Average) of $1.3 billion in Q1 2026, little changed quarter-over-quarter from $1.3 billion in Q4 2025, and up 0.62% on a YoY basis from $1.3 billion in Q1 2025.

Shopify (SHOP) Shares Outstanding (Diluted Average) (2019 - 2026) Analysis & Trends

Shopify's Shares Outstanding (Diluted Average) history runs 8 years deep, the most recent figure standing at $1.3 billion for Q1 2026.

  • In Q1 2026, Shares Outstanding (Diluted Average) rose 0.62% year-over-year to $1.3 billion; the TTM figure through Mar 2026 stood at $1.3 billion (up 0.62% YoY), while the FY2025 annual figure was $1.3 billion, changed 0.26% from the prior year.
  • Shares Outstanding (Diluted Average) was $1.3 billion for Q1 2026 at Shopify, roughly flat from $1.3 billion in the prior quarter.
  • In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $1.3 billion in Q3 2025 to a low of $1.3 billion in Q4 2022.
  • Historically, Shares Outstanding (Diluted Average) has averaged $1.3 billion across 5 years, with a median of $1.3 billion in 2024.
  • The sharpest annual moves came in 2022 and 2023: Shares Outstanding (Diluted Average) slipped 0.58% in 2022, then gained 2.31% in 2023.
  • A 5-year view of Shares Outstanding (Diluted Average) shows it stood at $1.3 billion in 2022, then gained by 2.31% to $1.3 billion in 2023, then climbed by 0.46% to $1.3 billion in 2024, then increased by 0.26% to $1.3 billion in 2025, then decreased 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 238.14 Bn 220.17 Bn 8.16 Bn -
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 7.22
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 2.07 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.30 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 871.00 Mn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 273.73 Mn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 1.04 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 404.50 Mn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 402.00 Mn
10 Snowflake 82.57 Bn 79.61 Bn 926.45 Mn 345.39 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 1.30 Bn
Dec 31, 2022 1.27 Bn
Dec 31, 2021 1.27 Bn
Dec 31, 2020 123.46 Mn
Dec 31, 2019 113.03 Mn