What is Shopify's shares (diluted)?

Shopify (SHOP) reported shares (diluted) of 1.3B in Q3 2025.

How has Shopify's shares (diluted) changed year-over-year?

Shopify's shares (diluted) increased by 0.9% year-over-year, from 1.3B to 1.3B.

What does shares (diluted) mean?

The total number of shares that would exist if all 'potential' shares, like employee stock options, were converted into real stock.

Earnings Per Share

Shares (Diluted)

Shopify Shares (Diluted) increased by 0.3% to 1.3B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.9%, from 1.3B to 1.3B. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement

SectionEarnings Per Share

CategoryCapital Allocation

SignalLower is better

VolatilityStable

First reportedQ4 2013

Last reportedQ4 2025

How to read this metric

An increase relative to basic shares indicates a higher reliance on equity-based compensation or convertible debt financing.

Detailed definition

Weighted-average shares outstanding (diluted) includes the total number of basic common shares plus all additional share...

Peer comparison

Commonly compared against basic shares to determine the 'dilution overhang' present in a company's capital structure.

Metric ID: is_weighted_shares_diluted

Historical Data

14 periods

	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q1 '25	Q2 '25	Q3 '25
Value	316.6M	316.6M	316.6M	316.6M	323.9M	323.9M	323.9M	323.9M	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B
QoQ Change	—	+0.0%	+0.0%	+0.0%	+2.3%	+0.0%	+0.0%	+0.0%	+297.5%	+1.0%	+0.1%	-0.5%	+1.1%	+0.3%
YoY Change	—	—	—	—	+2.3%	+2.3%	+2.3%	+2.3%	+297.5%	+301.4%	+301.9%	+0.6%	+0.7%	+0.9%

Range316.6M – 1.3B

CAGR+54.9%

Avg YoY Growth+91.2%

Median YoY Growth+2.3%

Current Streak2 quarters growth

Shares (Diluted) at Other Companies

SalesforceCRM View metric

Booking Holdings Inc.BKNG View metric

MastercardMA View metric

AppleAAPL View metric

Frequently Asked Questions

What is Shopify's shares (diluted)?: Shopify (SHOP) reported shares (diluted) of 1.3B in Q3 2025.
How has Shopify's shares (diluted) changed year-over-year?: Shopify's shares (diluted) increased by 0.9% year-over-year, from 1.3B to 1.3B.
What does shares (diluted) mean?: The total number of shares that would exist if all 'potential' shares, like employee stock options, were converted into real stock.