Shopify stock split: what it means for traders
Shopify’s 10-for-1 stock split in 2022 marked a notable point in the company’s market development. This article explains how stock splits work, outlines Shopify’s approach, and summarises the latest available information on its share performance, earnings and outlook.
Shopify is listed on both Nasdaq (SHOP) and the Toronto Stock Exchange (SHOP.TO). As of early December 2025, its shares trade around $160 USD on Nasdaq and about $223 CAD on the TSX. These levels reflect year-on-year gains through 2024 and 2025. Prices continue to respond to factors such as e-commerce demand, adoption of payment solutions and broader equity-market conditions.
Shopify (SHOP) 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 in which a company increases its number of outstanding shares by issuing additional shares to existing shareholders at a set ratio. Although the number of shares rises, the price per share falls proportionally, so neither the company’s market value nor each investor’s economic ownership changes.
Splits can make shares appear more accessible by lowering the unit price and may improve liquidity by increasing the number of tradeable units. Ratios such as 2-for-1 or 3-for-1 are common, though some companies opt for larger factors.
Shopify’s 10-for-1 (2022) stock split
Shopify executed a 10-for-1 stock split effective 29 June 2022, following shareholder approval earlier that year. Each pre-split share became ten post-split shares, reducing the nominal share price while keeping the company’s overall market capitalisation unchanged.
This remains the only stock split in Shopify’s history. Historical data providers show a cumulative split factor of 10:1 since listing.
Why did Shopify conduct a share split?
Shopify explained that the split aimed to make share ownership more accessible by lowering the price per share without altering underlying value. The action coincided with governance changes, including a proposed 'founder share' structure designed to support long-term voting continuity for founder Tobi Lütke.
While a stock split doesn’t change a company’s fundamentals, it may increase trading activity if investors consider the lower nominal price more convenient or easier to size when managing portfolios. Reactions vary, and market conditions, company performance and investor sentiment all play a role in how shares trade after a split.
Will Shopify split again in 2026?
As of 4 December 2025, Shopify has not announced a further stock split for 2026, and public filings provide no indication of any upcoming action. Future decisions would depend on factors such as share-price levels, liquidity needs, governance considerations and prevailing market conditions. Traders who monitor potential splits typically look to official filings, regulatory disclosures and earnings announcements for updates.
Shopify stock split history
Shopify has completed one stock split since going public: the 10-for-1 split effective 29 June 2022. Split-adjusted price charts show the expected reduction in share price by a factor of about 10, with total market value remaining unchanged.
Latest earnings: Shopify FY 2025 results
Shopify has reported results up to Q3 2025, with full-year FY 2025 data still pending as of early December.
For Q3 2025, Shopify reported:
- Revenue growth of about 32% year on year
- Free-cash-flow (FCF) margin of around 18%, maintaining multi-quarter double-digit performance
- Growth supported by payments adoption, enterprise-level solutions and operational efficiency measures
Management commentary emphasised the scalability of Shopify’s product ecosystem, alongside continued investment in logistics partnerships, AI-driven merchant tools and omnichannel capabilities.
Outlook and upcoming developments
Shopify’s guidance for Q4 2025 indicates:
- Revenue growth in the mid- to high-20s percent year on year
- Gross-profit dollar growth in the low- to mid-20s percent
- Free-cash-flow margin expected to be slightly above Q3 levels
Investor materials point to ongoing expansion in payments, point-of-sale solutions and enterprise offerings, supported by cost discipline intended to reinforce profitable growth into 2026. Actual results remain sensitive to broader macroeconomic trends, consumer-spending patterns and competitive dynamics across the e-commerce and retail-technology sectors.
Past performance is not a reliable indicator of future results.
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FAQ
When did Shopify stock split?
Shopify completed a 10-for-1 stock split in 2022. The company announced the action in April, and it became effective in late June following shareholder approval.
When did the Shopify stock split take effect?
The split took effect after market close on 28 June 2022, with split-adjusted trading beginning on 29 June 2022. From that date, each pre-split share represented ten post-split shares at the adjusted price.
Did Shopify have a stock split before?
No. Shopify has carried out only one stock split to date – the 10-for-1 split in June 2022. Available historical data shows no earlier or additional splits since its listing.
How many times has Shopify stock split?
Shopify’s stock has split once. The 10-for-1 split in June 2022 remains the company’s only stock split on record.
How much was Shopify stock after the split?
The share price adjusted to roughly one-tenth of its pre-split level. Around the time of the action, indicative data showed a move from about $350 USD per share before the split to roughly $33 USD on a split-adjusted basis. The adjustment did not change Shopify’s overall market value, as only the share count and nominal price per share were altered.
Why did Shopify split its stock?
Shopify stated that the split aimed to lower the nominal trading price per share and make ownership more accessible without affecting the company’s underlying value. The action coincided with governance measures intended to support long-term voting stability.
Will Shopify split again?
As of early December 2025, there is no official indication of another stock split. Any future decision would require board approval and formal communication. Traders interested in potential developments often monitor Shopify’s regulatory filings and investor-relations updates.
What was the most recent Shopify stock split date?
The most recent – and only – stock split took effect on 29 June 2022, when split-adjusted trading commenced.
Can you trade Shopify CFDs on Capital.com?
You can trade Shopify CFDs on Capital.com, which allows you to speculate on price movements without owning the underlying shares. Contracts for difference (CFDs) are traded on margin – leverage amplifies both profits and losses. It’s important to understand how CFDs work and to consider risk-management tools where appropriate.