Shopify Inc.

TSX:SHOP Stock Report

Market Cap: CA$199.5b

Shopify Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSX:SHOP Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
12 Jun 26SellCA$1,214Prashanth Mahendra-RajahIndividual8CA$151.71
12 Jun 26SellCA$759Lulu MeserveyIndividual5CA$151.71
28 May 26SellCA$765,821Jessica HertzIndividual5,048CA$151.71
28 May 26SellCA$55,980Jessica HertzIndividual369CA$151.71
28 May 26SellCA$501,546Harley FinkelsteinIndividual3,306CA$151.71
28 Apr 26SellCA$423,158Jessica HertzIndividual2,505CA$168.93
30 Mar 26SellCA$303,167Jeff HoffmeisterIndividual1,950CA$155.47
10 Mar 26SellCA$215,828Jean NiehausIndividual1,230CA$175.47
09 Mar 26SellCA$75,389Toby ShannanIndividual428CA$176.14
09 Mar 26SellCA$857,106Harley FinkelsteinIndividual4,866CA$176.14
09 Mar 26SellCA$1,014,929Jessica HertzIndividual5,762CA$176.14
04 Mar 26SellCA$119,378Jean NiehausIndividual682CA$175.04
02 Mar 26SellCA$281,149Harley FinkelsteinIndividual1,722CA$163.27
02 Mar 26SellCA$409,314Jessica HertzIndividual2,507CA$163.27
02 Mar 26SellCA$321,313Jeff HoffmeisterIndividual1,968CA$163.27
02 Mar 26SellCA$67,430Jean NiehausIndividual413CA$163.27
11 Dec 25SellCA$4,067,738Toby ShannanIndividual18,000CA$225.99
11 Dec 25SellCA$9,260,714Jessica HertzIndividual41,122CA$225.20
05 Nov 25SellCA$235,765Jean NiehausIndividual1,008CA$233.89
09 Sep 25SellCA$974,797Harley FinkelsteinIndividual4,873CA$200.04
07 Aug 25SellCA$17,009,129Kasra NejatianIndividual80,645CA$210.91
28 Jul 25SellCA$62,190Jessica HertzIndividual355CA$175.18
30 Jun 25SellCA$303,132Jeff HoffmeisterIndividual1,923CA$157.64

Insider Trading Volume

Insider Buying: SHOP insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of SHOP?
Owner TypeNumber of SharesOwnership Percentage
Private Companies17,3130.00133%
State or Government884,1540.068%
Individual Insiders80,074,7966.15%
General Public374,775,23128.8%
Institutions845,235,67865%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 41.04% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.5%
Capital Research and Management Company
97,557,702CA$15.0b8.49%no data
6.06%
Tobias Lutke
78,848,132CA$12.1b-0.41%no data
3.41%
FMR LLC
44,425,689CA$6.8b-4.87%no data
2.59%
Vanguard Capital Management, LLC
33,735,144CA$5.2b0%no data
2.23%
Baillie Gifford & Co.
29,021,841CA$4.4b-7%no data
1.92%
T. Rowe Price Group, Inc.
25,016,858CA$3.8b6.31%no data
1.4%
Fidelity International Ltd
18,226,469CA$2.8b-0.86%no data
1.25%
Jennison Associates LLC
16,299,259CA$2.5b-14.1%no data
1.25%
Norges Bank Investment Management
16,224,694CA$2.5b0%no data
1.11%
Loomis, Sayles & Company, L.P.
14,403,445CA$2.2b-0.46%no data
1.06%
Morgan Stanley Investment Management Inc.
13,824,490CA$2.1b-13.8%no data
1%
BMO Asset Management Corp.
13,053,711CA$2.0b7.67%no data
0.99%
Geode Capital Management, LLC
12,910,116CA$2.0b2.45%no data
0.98%
National Bank Investments Inc.
12,811,918CA$2.0b36%no data
0.87%
RBC Global Asset Management Inc.
11,353,428CA$1.7b1.43%no data
0.86%
JP Morgan Asset Management
11,232,590CA$1.7b-53.3%no data
0.83%
Vanguard Fiduciary Trust Company
10,774,862CA$1.7b-0.36%no data
0.78%
1832 Asset Management L.P.
10,187,742CA$1.6b30.4%no data
0.76%
Mackenzie Financial Corporation
9,946,334CA$1.5b-0.15%no data
0.74%
TD Asset Management, Inc.
9,574,621CA$1.5b9.88%no data
0.7%
Wellington Management Group LLP
9,070,116CA$1.4b40.6%no data
0.69%
Sands Capital Management, LLC
8,935,666CA$1.4b-6%no data
0.68%
Morgan Stanley
8,873,490CA$1.4b4.87%no data
0.68%
BlackRock, Inc.
8,822,642CA$1.4b-12%no data
0.68%
AllianceBernstein L.P.
8,813,928CA$1.4b34.6%no data

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/23 05:42
End of Day Share Price 2026/06/23 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Shopify Inc. is covered by 83 analysts. 46 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Rocco StraussArete Research Services LLP
Richard KramerArete Research Services LLP