Shopify Subordinate Voting Class A (SHOP)

SHOP · Information Technology · Canada

Shopify Subordinate Voting Class A (SHOP) is a company in the Information Technology sector, based in Canada. The stock is held in 15 ETFs we track – with its largest weight of 0.71 % in EXXT (nasdaq-100). Anyone holding one of these ETFs also owns a small indirect stake in Shopify Subordinate Voting.

Above-average ETF coverage: 15 of the 95 ETFs we cover hold Shopify Subordinate Voting, spread across 7 indices. That puts the stock in more ETFs than 74.8 % of the 4,334 stocks we cover.

Held in15 ETFs

Highest weight0.71 %

Indices7

SectorInformation Technology

CountryCanada

ISINCA82509L1076

Data note 1

Key financials

Latest reported fiscal year (FY2025, period end 2025-12-31) as filed with the SEC.

Revenue11.6 bn $

Net income1.2 bn $

Diluted EPS0.94 $

Net margin10.7 %

Gross margin48.1 %

Return on equity9.1 %

Equity ratio88.7 %

Revenue growth+30.1 %

Revenue and profit by fiscal year
Fiscal year	Revenue	Net income	Margin
FY2023	7.1	0.1	1.9 %
FY2024	8.9	2.0	22.7 %
FY2025	11.6	1.2	10.7 %

Data note 2

Held in these ETFs

Held in these ETFs
ETF	Index	Weight	per €1,000 in the ETF
EXXT	nasdaq-100	0.71 %	€7.10
XNAS	nasdaq-100	0.71 %	€7.10
EXUS / EXU1	msci-world-ex-usa	0.63 %	€6.30
XDWT	msci-world-it	0.58 %	€5.80
SWWD	msci-world	0.18 %	€1.80
SPPW	msci-world	0.18 %	€1.80
XDWD / XDWL	msci-world	0.18 %	€1.80
EUNL	msci-world	0.17 %	€1.70
WIMI	msci-world-imi	0.16 %	€1.60
SPYY	msci-acwi	0.16 %	€1.60
SPYI / SPSA	msci-acwi-imi	0.15 %	€1.50
IUSQ	msci-acwi	0.15 %	€1.50

Data note 3

The last column turns the weight into euros: this much of €1,000 invested in one of these funds is allocated to Shopify Subordinate Voting as of the fund's latest holdings list.

Weight in EUNL since 2019

Sep 30, 2019Sep 16, 2026

In EUNL, a fund tracking the MSCI World, Shopify Subordinate Voting had a weight of 0.08 % on Sep 30, 2019 and 0.17 % on Sep 16, 2026. Its share peaked at 0.29 % on Jun 30, 2021. The weight rises and falls with the stock's price relative to the other index members, and it also shifts when the index provider changes the composition.

Data note 4

How much Shopify Subordinate Voting Class A overlaps with other holdings in a portfolio is shown by the Portfolio X-Ray and the ETF overlap check.

Stocks with similar ETF exposure

Names that reach a portfolio through largely the same funds as Shopify Subordinate Voting — the figure counts the ETFs holding both.

Data note 5

Key figures side by side

Key figures compared with stocks of similar ETF exposure
Stock	1 year	Volatility p.a.	Net margin	Revenue growth
Shopify Subordinate Voting	–	–	10.7 %	+30.1 %
Nova	–	–	29.4 %	+31.0 %
Tower Semiconductor Ltd	–	–	14.1 %	+9.1 %

Return and volatility from our daily closing prices in US dollars; margin and growth from the latest SEC annual filing. Fiscal years do not all end on the same date.