did shopify split their stock? yes, 10-for-1

Did Shopify split their stock?

Yes. If you're asking "did shopify split their stock" this article answers directly and then explains the details. Shopify announced a 10-for-1 stock split in April 2022 and completed the split with split-adjusted trading commencing on June 29, 2022. Below you will find a clear timeline, the split mechanics, why management pursued the move, shareholder and governance impacts, and the filings and reporting investors should expect.

This article is written for beginners and investors who want a factual, step-by-step view. It also highlights where to verify official documents and how the split affected share counts and market data. For trading access or custody, consider Bitget for secure market access and wallet options.

(Note: the phrase did shopify split their stock appears throughout this piece so you can quickly confirm the core answer in context.)

Background on Shopify and its stock

Shopify Inc. (ticker: SHOP) is a commerce platform company listed on both the NYSE and the Toronto Stock Exchange (TSX). Over several years, Shopify grew rapidly as merchants adopted its software and services, producing strong revenue growth and a rising share price. That growth, especially during the 2020–2021 period, led to high absolute per-share prices.

Companies with high per-share prices sometimes choose to split their stock to lower the per-share trading price while keeping total shareholder value unchanged. Common reasons include making shares more accessible to individual investors, improving perceived affordability, and potentially increasing liquidity. The question did shopify split their stock is answered by noting that Shopify followed this path with a 10-for-1 split in mid-2022.

Announcement and shareholder approval

On April 11, 2022, Shopify announced a proposed 10-for-1 stock split and a proposal to authorize an additional special "Founder" share as part of its proxy materials for the annual meeting. As of April 11, 2022, per Shopify's press release and investor relations disclosure, the board put forward the split alongside other governance items for shareholder consideration.

Shareholders were asked to vote on the split-related matters at the company’s annual meeting. The company communicated details through a press release and its investor relations channels, including the proxy circular that described the split ratio, record date, and related governance proposals. Those communications explained the intended mechanics of distributing additional shares and the accompanying charter amendment for the Founder share proposal.

If you want to verify primary details about the corporate action, check Shopify’s investor relations materials and the proxy statements filed in connection with the annual meeting. As of April 11, 2022, per the company announcement, the split proposal and Founder share proposal were both clearly disclosed to investors.

Split mechanics and ratio

The split ratio was 10-for-1. That means:

• For every one ordinary share a shareholder held before the split, they received ten ordinary shares after the split distribution.
• The per-share trading price was reduced roughly to one-tenth of the pre-split price, all else equal.
• The company’s total market capitalization did not change solely due to the split — shareholders' aggregate economic interest and their percentage ownership remained the same (assuming no other corporate actions).

In practical terms, if a shareholder owned 50 shares before the split, after the split they would hold 500 shares and the per-share price would be adjusted accordingly. The split did not create new economic value by itself; it merely changed the number of shares and adjusted the per-share price proportionally.

Timeline and key dates

Key documented dates for the split were as follows:

• Announcement: April 11, 2022 — Shopify announced the proposal for a 10-for-1 split and provided timing guidance in its press release and proxy materials.
• Record date: Close of business on June 22, 2022 — shareholders of record as of this date were entitled to the additional shares resulting from the split.
• Distribution date: On or about June 28, 2022 — additional shares were scheduled to be distributed to shareholders of record.
• Ex-distribution / split-adjusted trading commencement: June 29, 2022 — trading began on a split-adjusted basis, meaning the exchanges and most market data providers reflected the new share count and adjusted prices.

As of June 29, 2022, per Shopify’s investor communications, the split-adjusted trading began as scheduled. Those key dates are the reference points investors should use when reconciling historical trades, account positions, and price charts.

Rationale cited by management

When companies announce stock splits, management commonly cites a desire to make shares more accessible and to improve trading liquidity. For Shopify, the stated rationale mirrored these typical motives: the board and management said the split was intended to make the stock more affordable to a broader base of investors and to support better market liquidity for the shares.

Management also sometimes frames a split as helping retail participation and facilitating share-based compensation plans. The decision is largely administrative rather than reflective of a change to business fundamentals.

Market reaction and short-term price effects

As with most splits, the technical event itself does not change the company’s market capitalization. Market participants often react to splits with short-term volatility driven by psychology, perceived affordability, or rebalancing by funds that have price-based trading rules.

In Shopify’s case, prices were already down from 2021 highs prior to the split announcement. The split did not change the company’s fundamentals, and short-term price behavior around the announcement and the split date was mixed: there were intra-day and short-window moves, but no persistent valuation change attributable solely to the split event.

Broadly, the immediate market reaction to a stock split can include:

• Increased trading volume around announcement and ex-date, as investors and traders adjust positions.
• Short-term price moves driven by investor sentiment rather than fundamental news.
• No change in long-term market capitalization attributable solely to the split.

Impact on shareholders and share count

For individual shareholders the effects were straightforward:

• Each shareholder’s share count increased by a factor of ten.
• Each shareholder’s per-share basis decreased proportionally, but the aggregate cost basis and holding period generally remained unchanged for tax and accounting purposes (see the tax and accounting section below).
• The percentage ownership of the company for a given shareholder did not change as a result of the split alone, assuming no other issuances or cancellations of shares.

Publicly reported shares outstanding were updated to reflect the split. Brokerage accounts typically reflect the new share count automatically and will display split-adjusted holdings and prices. Fractional shares can arise depending on how share distributions were processed and the rules of a given broker; most brokers either pay cash in lieu of fractional shares or credit fractional interests depending on their policies.

If you held shares in a brokerage or custodial account, you did not need to buy or sell to receive the split shares; they were applied automatically by your broker based on the record date and distribution process. For self-directed or certificate holders, distributions were handled per the company’s transfer agent procedures.

Founder share proposal and governance implications

Separately from the numeric split, Shopify proposed a charter amendment to authorize a new Founder share to preserve and potentially extend founder voting power. The proposal involved issuing a special Founder share — proposed to be issued to CEO Tobi Lütke — that would carry significant voting rights while the holder remained an executive or board member. The intent stated by the company was to preserve founder control in the event of future structural changes.

Governance observers raised questions about the long-term implications of a Founder share. Key governance considerations included:

• Concentration of voting power: A Founder share can preserve or increase the voting control of a founder relative to economic ownership.
• Minority shareholder protections: Investors often evaluate whether special voting securities align with shareholder rights and board accountability.
• Insider retention and succession: Companies sometimes use special voting arrangements to stabilize strategic direction during transitions.

The Founder share proposal was a distinct governance action that accompanied the stock split proposal, and it required shareholder approval through the proxy process. For readers asking did shopify split their stock and how that related to governance changes, note that the numeric split and the Founder share proposal were related items in the same set of shareholder materials, but they were separate corporate actions with different legal and governance effects.

Regulatory and reporting adjustments

Corporate actions like stock splits require public disclosure and regulatory filings. Among common filings is Form 8937 (Information Regarding Beneficial Ownership Changes), which companies in relevant jurisdictions file to report the tax basis and reporting effects of corporate actions on outstanding securities. Shopify prepared the necessary disclosures and updated its investor relations page and SEC/Canadian filings to reflect the split and related charter amendments.

Market data providers and exchanges also adjust historical price series and share counts to reflect the split. After the ex-distribution date, historical prices are typically presented on a split-adjusted basis so that price charts and per-share metrics are comparable over time. When reconciling historical performance, investors should confirm whether data sources show pre-split or split-adjusted figures.

As of the split date and shortly afterward, major data vendors and financial platforms updated share counts and price histories so that per-share metrics matched the post-split share structure.

Tax and accounting considerations

Stock splits are generally treated as non-taxable events for shareholders in many jurisdictions. Key points:

• A typical stock split does not trigger a taxable gain or loss because the shareholder's aggregate economic interest in the company remains unchanged.
• The cost basis per share is adjusted to reflect the increased number of shares. For example, a cost basis that applied to one pre-split share is spread across ten post-split shares.
• The holding period typically carries over to the new shares for determining short-term versus long-term status.

Brokerage firms and custodians update the number of shares and the per-share cost basis in account statements. However, because tax laws vary by jurisdiction and circumstances can differ (e.g., stock splits combined with other corporate actions), readers should consult a tax professional for personalized advice.

Comparisons and context

Shopify’s 10-for-1 split can be compared with other notable tech-sector splits that aimed to lower per-share prices and broaden investor access. Examples of split magnitudes and timing vary by company and situation; some well-known companies have used splits to maintain a certain per-share trading range or to facilitate employee equity programs.

Important contextual points:

• Split sizes vary: 2-for-1, 3-for-1, 10-for-1 and even 20-for-1 have been used across companies depending on starting share price and board preferences.
• Timing depends on management objectives: companies may split during periods of high absolute share price or as part of broader compensation and capital structure planning.
• Splits do not affect fundamentals: the economic facts of revenue, earnings, and enterprise value are unaffected by a split alone.

For readers asking did shopify split their stock, the chosen 10-for-1 ratio was relatively large compared with common 2-for-1 splits but not unprecedented among tech companies that had reached high per-share prices.

Frequently asked questions (FAQ)

Q: Did the split change my ownership percentage? A: No. The split did not change any shareholder’s percentage ownership in Shopify as a result of the split alone, assuming there were no other share issuances or buybacks that altered ownership.

Q: Does a split change company fundamentals? A: No. A stock split is a share re-denomination and does not alter a company’s revenues, profits, or enterprise value.

Q: Will dividends be affected by the split? A: Shopify did not pay dividends at the time of the split. In general, if a company pays dividends, dividend per-share amounts are adjusted proportionally after a split.

Q: How will my brokerage reflect the split? A: Most brokerages automatically adjusted holdings to show the new share counts and split-adjusted prices after the distribution. Check your account statements and trade confirmations for adjusted holdings, and consult your broker’s investor relations or support pages for details.

Q: What happened to fractional shares? A: Treatment of fractional shares depends on the broker or transfer agent. Many brokers credit cash in lieu for fractional entitlements or apply internal rounding policies. If you held shares directly, follow the transfer agent procedures described in Shopify’s investor communications.

Q: Where can I verify the official filings and dates? A: Official verification can be done by reviewing Shopify’s press release, the proxy statement for the annual meeting, and public filings where the company reported the split and the Founder share proposal.

Market data, valuation context, and measurable indicators

As of the split date, market capitalization and trading volume were reported across major data platforms. For context:

• Shopify experienced its steepest valuation gains during 2020–2021, with market cap expanding substantially during that period. By mid-2022 the share price and market cap had declined from peak levels.
• Trading volumes often spike around corporate action dates such as the announcement, record date, and ex-date. Observers use daily volume to measure investor interest and liquidity around the split event.

As of June 29, 2022, per Shopify’s investor communications and contemporaneous market reporting, the split was in effect and most major data providers had updated share counts and split-adjusted price histories. If you are verifying market cap or trading volume numerically, consult your chosen market data provider and confirm whether the figures are pre-split or post-split adjusted.

Practical guidance for shareholders and recordkeeping

If you are reconciling your accounts after the split, take the following practical steps:

• Check your brokerage account for the updated share count and split-adjusted balances.
• Review trade confirmations and account statements dated around the record and distribution dates to confirm correct processing.
• If you hold shares directly or with a custodian that requires action, follow the transfer agent instructions provided by Shopify.
• Keep records of pre-split holdings and the split details for tax basis calculations and future reference.

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Governance, voting power, and investor considerations

The Founder share proposal was an important governance item filed alongside the split. Key points that investors evaluate in such scenarios include:

• Whether the special share materially changes board accountability or founder control.
• How the governance structure aligns with minority shareholder rights.
• Whether the proposal was supported or opposed by major institutional investors as reflected in proxy voting results.

For investors monitoring governance outcomes, the proxy statement and shareholder meeting results provide final voting tallies and the company’s description of the effects of approved proposals.

References and external verification (sources to consult)

As of April 11, 2022, per Shopify’s press release and investor relations filings, the company announced the 10-for-1 split and submitted the Founder share proposal in its proxy materials. For verification, consult Shopify’s investor relations press release and the proxy materials for the annual meeting dated April 2022. Additional contemporaneous coverage and market summaries were published by major financial news outlets in April–June 2022 and the public filings (SEC/SEDAR-equivalent) include the detailed legal text and dates.

Note: This article does not include direct hyperlinks. To verify primary source documents, search for Shopify’s April 11, 2022 press release, the annual meeting proxy statement, and the Form 8937 or similar local filings reporting the split.

Sources to consult for original documents and reporting (searchable by title and date):

• Shopify press release announcing the 10-for-1 split (April 11, 2022)
• Shopify annual meeting proxy materials (filed April 2022)
• Market coverage and reporting in April–June 2022 summarizing the split and ex-date
• Regulatory filings reporting the corporate action and its effects on outstanding securities

As of the split date (June 29, 2022), these materials served as the authoritative references for the dates, mechanics, and governance proposals discussed above.

Did Shopify split their stock? — Short recap

• Direct answer: Yes. Shopify completed a 10-for-1 stock split, effective with split-adjusted trading on June 29, 2022. If you searched "did shopify split their stock" — that is the simple answer.
• What it meant: Share counts increased tenfold for each pre-split share while per-share prices were adjusted to roughly one-tenth; market capitalization and ownership percentages did not change due to the split alone.

Final notes and next steps

If you hold Shopify shares:

• Check your brokerage or custodial account for the updated share counts and split-adjusted positions.
• Retain records of pre-split holdings for tax and cost-basis purposes.
• Review the proxy materials if you wish to understand governance changes such as the Founder share proposal.

If you want secure trading access or digital custody tools to manage positions or tokenized assets in parallel with equity holdings, explore Bitget’s trading platform and Bitget Wallet for integrated features. For any tax-specific questions, consult a qualified tax professional.

If your primary question was simply did shopify split their stock, you now have both the short answer and the detailed context to follow up with official filings or your broker.