Shopify (SHOP) Shares Outstanding (Entity) (2014 - 2026)
Shopify (SHOP) recorded Shares Outstanding (Entity) of 1.29 billion in Q3 2026, down 1.0% from 1.3 billion a year earlier and down 0.6% from the prior quarter.
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Analysis
Shopify (SHOP) Shares Outstanding (Entity) (2014 - 2026) Analysis & Trends
For FY2025, Shopify reported Shares Outstanding (Entity) of 1.3 billion, up 0.7% from FY2024.
- Annual Shares Outstanding (Entity) has increased for ten straight years, with a five-year compound annual growth rate of 1.2% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding (Entity) came in at 1.29 billion in FY2024 (+0.6%), 1.28 billion in FY2023 (+1.2%), 1.27 billion in FY2022 (+0.6%) and 1.26 billion in FY2021 (+2.7%).
- The Q3 2026 figure is the lowest quarterly Shares Outstanding (Entity) since Q4 2023.
- On a year-over-year basis, Shares Outstanding (Entity) rose in six of the last eight quarters, with growth averaging 0.3%.
- Peak year-over-year performance for Shares Outstanding (Entity) in the last five years was growth of 2.7% in Q4 2021, against a decline of 1.0% in Q3 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 1.3 billion (Q2 2026), 1.3 billion (Q1 2026) and 1.3 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | - |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 2.56 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 4.11 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 | 1.29 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 2.04 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 331.32 Mn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | - |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 743.70 Mn |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | - |
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 | 1.26 Bn |
| Dec 31, 2020 | 1.23 Bn |
| Dec 31, 2019 | 1.16 Bn |
| Dec 31, 2018 | 1.10 Bn |
| Dec 31, 2017 | 998.78 Mn |
| Dec 31, 2016 | 894.05 Mn |
| Dec 31, 2015 | 800.90 Mn |
API Access
Shopify Shares Outstanding (Entity) 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-entity&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "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-entity&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();