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GameStop stock split: what it means for traders

Changes to a company’s share structure can affect how its stock trades and how accessible it appears to market participants. GameStop’s series of stock splits offers a clear example of how these corporate actions work and why companies may choose to use them.
By Dan Mitchell
GameStop stock split
Photo: Shutterstock.com

GameStop (GME) has adjusted its share structure several times over the past two decades, most recently through an 11-for-10 split completed in 2025. These actions changed the number of shares in circulation but didn’t affect the company’s total market value at the moment of the split. This article outlines how stock splits work, reviews GameStop’s approach, and summarises the company’s latest earnings and upcoming developments.

GameStop live share price

Past performance is not a reliable indicator of future results.

What is a stock split?

A stock split is a corporate action that increases the number of a company’s shares while reducing the share price in the same proportion. Although the share count changes, the company’s market capitalisation remains the same immediately after the adjustment. Traders hold more shares following the split, but the overall value of their position doesn’t change.

Companies often use stock splits to make a high share price appear more accessible. Increasing the number of tradable units can also support liquidity, particularly in markets with strong retail participation. Importantly, a stock split doesn’t alter the company’s operations, financial position or long-term prospects; it’s an administrative adjustment rather than a change to business fundamentals.

GameStop’s 4-for-1 and 11-for-10 stock splits

GameStop has carried out several forward splits as its share price and investor base have evolved. One of the most significant came in July 2022, when the company completed a 4-for-1 split via a stock dividend. For each share held, investors received three additional shares, and trading moved to a split-adjusted basis on 22 July 2022.

The company then implemented an 11-for-10 split on 3 October 2025. This smaller adjustment increased the number of shares in circulation by around 10%. Both actions followed earlier structural changes, including a 2-for-1 split in 2007.

These decisions didn’t change GameStop’s underlying valuation or business model. Instead, they adjusted the share count and helped maintain the price within a range the company considered appropriate for trading.

Why did GameStop conduct a share split?

Companies may choose to split shares for a range of structural reasons, such as improving perceived accessibility or supporting liquidity. A higher share price can make small price movements appear more significant and may limit participation for some investors. Reducing the price per share can make the stock seem more manageable, particularly during periods when retail activity is elevated.

GameStop’s 2022 split followed a period of intense public interest in the stock during the 'meme stock' phase. The company increased the number of shares available to trade, while leaving its total market value unchanged. Commentary at the time noted that the split didn’t modify the company’s financial performance but provided a larger supply of shares to meet demand.

The 2025 split was more modest in scale but served the same core purpose: adjusting the share price without altering the economic value held by existing investors.

Will GameStop split again in 2026?

As of early December 2025, GameStop hasn’t announced any intention to conduct another stock split in 2026. Public corporate-action records list the company’s completed splits – 2007, 2022, and 2025 – but show no upcoming adjustments. Recent communications, including earnings notices, reference scheduled reporting dates but contain no proposals for further structural changes.

Any future split would depend on considerations such as share-price movements, liquidity needs and broader corporate priorities. At present, no additional split has been confirmed.

GameStop stock split history

GameStop’s split activity spans nearly twenty years and includes three forward splits:

Date Type Ratio Notes
19 March 2007 Forward 2-for-1 First recorded split, doubling the share count
22 July 2022 Forward 4-for-1 Issued as a stock dividend during a period of high retail interest
3 October 2025 Forward 11-for-10 Smaller split adding roughly 10% more shares

Each action maintained the company’s market value at the time of the split while adjusting both the share price and the number of outstanding shares.

Latest earnings: GameStop FY2025 results

GameStop last reported quarterly results for Q2 fiscal 2025 on 9 September 2025. The company recorded earnings per share of about 0.25, ahead of consensus expectations of roughly 0.17. Quarterly revenue reached around 972m, compared with forecasts near 823m.

Across the past four quarters, GameStop delivered positive net income of approximately 131m, equivalent to trailing earnings per share of around 0.73. This marked a shift back to profitability following earlier loss-making periods. Past performance doesn’t guarantee future outcomes.

Past performance isn’t a reliable indicator of future results.

Outlook and upcoming developments

As of December 2025, GameStop’s guidance focuses on upcoming reporting dates rather than structural changes such as additional stock splits. The company is expected to release Q3 fiscal 2025 results after market close on 9 December 2025. Management updates typically address recent performance trends, operating priorities and capital-allocation decisions.

The company continues to adjust its strategy within a competitive retail and digital-commerce landscape. While stock splits remain a tool available to management, there is no confirmed plan for another adjustment.

Summary

  • GameStop has completed three forward stock splits, most recently an 11-for-10 split in October 2025.
  • A stock split increases the number of shares and lowers the price per share, while leaving the company’s market value unchanged at the point of the split.
  • The 2022 split aligned with efforts to keep the share price accessible during a period of heightened retail interest.
  • As of December 2025, no split has been announced for 2026.
  • Recent earnings indicate a return to profitability in 2025, supported by revenue growth and positive trailing net income.

FAQ

When did GameStop stock split?

GameStop has completed several stock splits over the years. Its most recent actions were a 4-for-1 split approved in early July 2022 and implemented later that month, followed by an 11-for-10 forward split in early October 2025. Both increased the number of shares in circulation while adjusting the price per share in line with the split ratio.

When did the GameStop stock split take effect?

The 4-for-1 split became effective after the close of trading on 21 July 2022, with shares trading on a split-adjusted basis from 22 July 2022. For the 11-for-10 split, additional shares were distributed after the market closed on 2 October 2025, and the adjustment took effect on 3 October 2025.

Did GameStop have a stock split before?

Yes. GameStop completed a 2-for-1 forward split on 19 March 2007. This earlier action doubled the number of shares held by investors and reduced the per-share price at the time, well before the period in which the company’s shares became widely discussed by retail audiences.

How many times has GameStop stock split?

GameStop has completed three forward stock splits:

2-for-1 in 2007

4-for-1 in 2022

11-for-10 in 2025

Together, these actions expanded the number of shares in circulation and adjusted the nominal share price to reflect the relevant ratios.

How much was GameStop stock after the split?

Following the 4-for-1 split in 2022, the post-split opening price was roughly one quarter of the pre-split level when trading resumed on 22 July 2022. As of 8 December 2025, GameStop trades at about 23 per share on a split-adjusted basis, reflecting all completed corporate actions. Past performance is not a reliable indicator of future results.

Why did GameStop split its stock?

Stock splits increase the number of shares while keeping total market value unchanged at the point of the adjustment. GameStop’s 2022 split aligned with efforts to make the share price appear more accessible to retail investors and to support liquidity during a period of elevated trading activity. The 2025 11-for-10 split served a similar structural role by modestly expanding the share count and lowering the price per share without altering the company’s underlying fundamentals.

Will GameStop split again?

There is currently no announced plan for another split. Publicly available corporate-action records list the 2007, 2022 and 2025 splits, and GameStop hasn’t provided any indication that a further adjustment is scheduled. Any future split would require new board approval and formal communication from the company.

What was the most recent GameStop stock split date?

GameStop’s most recent action was the 11-for-10 forward split that took effect on 3 October 2025. Before that, the previous split was the 4-for-1 adjustment effective for trading on 22 July 2022.

How can I trade GameStop CFDs with Capital.com?

You can trade GameStop CFDs on Capital.com’s platform, which offers access to thousands of global markets, with built-in risk-management tools such as stop-losses*. CFDs allow you to speculate on price movements without owning the underlying shares. Remember that contracts for difference (CFDs) are traded on margin – leverage amplifies both profits and losses.

*Standard stop-loss orders are not guaranteed. Guaranteed stop-loss orders incur a fee if activated.

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