Who Owns Shopify?
Updated onExplore the ownership hierarchy of Shopify. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Shopify
Shopify is a commerce platform that enables merchants to build and run online and omnichannel stores, with SaaS plans, payments, and app ecosystem.
Starts at $29 / month
Has a free trial
Shopify appears to be independent with no known parent company.
Shopify
Shopify is a commerce platform that enables merchants to build and run online and omnichannel stores, with SaaS plans, payments, and app ecosystem.
Starts at $29 / month
Has a free trial
Shopify appears to be independent with no known parent company.
Major Shareholders
Shopify
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Tobias Lütke Co‑founder and CEO of Shopify. A Schedule 13G filed Feb. 13, 2024 reported that he beneficially owned about 80.998M Shopify shares, or ~6.3% of the company, as of Dec. 31, 2023. He also holds a special non‑transferable “founder share” adopted in 2022 that guarantees him 40% of Shopify’s voting power while he remains actively involved, even if his economic stake falls significantly. | Founder | 6.3% | 40.0% | Dec 2023 |
Baillie Gifford & Co Edinburgh‑based investment manager and long‑term institutional holder. A Schedule 13G/A filed Feb. 12, 2025 disclosed beneficial ownership of approximately 59.8M Shopify shares, representing about 4.9% of the company’s outstanding shares as of Dec. 31, 2024. | Institutional | 4.9% | — | Dec 2024 |
BlackRock, Inc. Global asset manager. An amended Schedule 13G filed Apr. 24, 2025 reported BlackRock beneficially owning about 53.4M Shopify shares, or roughly 4.4% of shares outstanding, based on holdings as of Mar. 31, 2025. | Institutional | 4.4% | — | Mar 2025 |
Capital World Investors Division of Capital Group and one of Shopify’s largest institutional shareholders. Recent ownership summaries based on 13F data show Capital World Investors holding about 53.6M Shopify shares, or approximately 4.1% of the company. | Institutional | 4.1% | — | — |
Vanguard Group Inc. Large index and active fund manager. Third‑party institutional holder data indicates Vanguard holds roughly 49.9M Shopify shares, corresponding to about 3.8% of shares outstanding. | Institutional | 3.8% | — | — |
FMR LLC (Fidelity Investments) Asset‑management arm of Fidelity. Recent ownership compilations show FMR LLC owning about 46.4M Shopify shares, or roughly 3.6% of the company. | Institutional | 3.6% | — | — |
Capital International Investors Another Capital Group division. Institutional holder rankings list Capital International Investors with approximately 38.6M Shopify shares, equating to around 3.0% ownership. | Institutional | 3.0% | — | — |
JPMorgan Chase & Co. Global bank and asset manager. Recent institutional ownership data attribute roughly 33.9M Shopify shares to JPMorgan, or about 2.6% of the company. | Institutional | 2.6% | — | — |
Morgan Stanley Investment bank and wealth manager. Third‑party ownership summaries show Morgan Stanley holding about 29.3M Shopify shares, corresponding to roughly 2.3% of shares outstanding. | Institutional | 2.3% | — | — |
Price T Rowe Associates Inc. (MD) US asset manager. Listed among Shopify’s larger institutional holders with approximately 26.4M shares, or about 2.0% of the company, in recent institutional holdings data. | Institutional | 2.0% | — | — |
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