How many subsidiaries does SHOPIFY INC. file with the SEC?

4, listed in its most recent exhibit 21. They are incorporated across 3 jurisdictions (Delaware, Ireland, Singapore). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is SHOPIFY INC. financially healthy?

SHOPIFY INC. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of SHOPIFY INC.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are FMR LLC (adding), Capital World Investors (adding), BAILLIE GIFFORD & CO (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

SHOPIFY INC. (SHOP)

Nasdaq · Common Stock · Services-Prepackaged Software

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Canadian e-commerce company

Corporate structure

4 entities across 3 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-11 — see the exhibit.

Which other public companies file entities in the same places:

Delaware2 Ireland1 Singapore1

Subsidiaries of SHOPIFY INC. as disclosed in its SEC filing
Entity	Jurisdiction	Note
Shopify LLC	Delaware
Shopify Holdings (USA) 2 Inc.	Delaware
Shopify International Limited	Ireland
Shopify Commerce Singapore Pte. Ltd.	Singapore

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

PASSReturn on assets positiveROA 8.1%
PASSOperating cash flow positiveOCF 2.0B
FAILReturn on assets improving14.5% → 8.1%
PASSCash flow exceeds earningsOCF 2.0B vs NI 1.2B
FAILLong-term debt ratio fallingno debt reported
PASSCurrent ratio improving3.71 → 5.96
FAILNo share dilution1.3B → 1.3B shares
FAILGross margin improving50.4% → 48.1%
PASSAsset turnover improving0.64× → 0.76×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2022	$5.6B	−$3.5B	−$186.0M	49.2%	1,266,268,155
FY2023	$7.1B	$132.0M	$905.0M	49.8%	1,295,511,385
FY2024	$8.9B	$2.0B	$1.6B	50.4%	1,301,509,980
FY2025	$11.6B	$1.2B	$2.0B	48.1%	1,304,953,255

Ownership flow

16 institutions tracked — 8 added, 7 reduced, 1 opened a new position. Active managers added 6,436,830 shares while index money cut 1,634,396.

Institutional holders of SHOPIFY INC. and their share-count change
Manager	Kind	Shares	Change	Value
CITADEL ADVISORS LLC	Hedge fund	9,085,064	+3,730,291	$1.0B
BlackRock, Inc.	Index	5,824,991	−3,062,525	$665.1M
WELLINGTON MANAGEMENT GROUP LLP	Active fund	11,852,596	+2,782,480	$1.4B
JPMORGAN CHASE & CO	Active fund	16,345,924

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q2: $1.4B
2026Q1: $491.0M
2025Q2: $0
2025Q1: $0

Identity

CIK: 0001594805
LEI: 549300HGQ43STJLLP808
FIGI: BBG008HBD923
SIC: 7372 · Services-Prepackaged Software
Incorporated: Canada (Federal Level)
Headquarters: OTTAWA
Employees: 8,300 (2023)
Founded: 2006-00-00

Ownership

Institutional: 73.2%
Institutions: 2,364
Insiders: 0.2%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Questions about SHOPIFY INC.

How many subsidiaries does SHOPIFY INC. file with the SEC?: 4, listed in its most recent exhibit 21. They are incorporated across 3 jurisdictions (Delaware, Ireland, Singapore). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is SHOPIFY INC. financially healthy?: SHOPIFY INC. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of SHOPIFY INC.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are FMR LLC (adding), Capital World Investors (adding), BAILLIE GIFFORD & CO (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.