Shopify Inc. (NYSE: SHOP)
Software - Application · Ottawa, ON, Canada · Founded 2006
- Market capitalization: $100.0 billion
- Annual revenue: $11.56 billion
- Net income: $1.23 billion
- Employees: 11,600
- Sector: Technology
- Headquarters: Ottawa, Canada
- Founded: 2006
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Shopify provides the e-commerce infrastructure that powers over 2 million online stores worldwide, from small businesses to major brands like Gymshark, Allbirds, and Heinz. The platform handles everything: website building, payment processing, shipping, inventory management, and point-of-sale. Tobias Lu00fctke, a German-Canadian programmer, founded Shopify in 2006 after being frustrated with existing e-commerce tools while trying to sell snowboards online.
Two revenue streams: Subscription Solutions (monthly fees from $39 to $2,000+ for Shopify Plus) and Merchant Solutions (payment processing via Shopify Payments, shipping, capital loans, and other transaction-based services). Merchant Solutions now generates more revenue than subscriptions. Shopify takes a cut of every transaction processed through its platform.
Lu00fctke built the original Shopify platform to sell snowboards from his Ottawa apartment in 2006. The company went public on both the NYSE and TSX in 2015 at $17 per share. Shopify acquired Deliverr for $2.1 billion in 2022 to build a fulfillment network, then reversed course and sold the logistics business to Flexport in 2023. The stock fell 80% from its 2021 peak before recovering.
| Market Capitalization | $100.0B |
| Annual Revenue | $11.56B |
| Net Income | $1.23B |
| Profit Margin | 11% |
| Revenue per Employee | $996552K |
| Stock Exchange | NYSE |
| Ticker Symbol | SHOP |
Financial data is approximate and based on most recent annual filings.
Shopify merchants collectively generated over $235 billion in GMV in 2023 u2014 if Shopify were a retailer, it would be the second-largest in the US after Amazon. Lu00fctke is an avid video gamer and has said that playing StarCraft taught him business strategy. The company's internal culture emphasizes "getting shit done" over meetings.
Shopify is the anti-Amazon for merchants who want to own their customer relationships u2014 the logistics retreat was painful but smart, and the core platform business is a compounding machine.
What is Shopify Inc.'s revenue?
Shopify Inc. generates approximately $11.56 billion in annual revenue.
How many employees does Shopify Inc. have?
Shopify Inc. employs approximately 11,600 people worldwide.
What is Shopify Inc.'s market cap?
Shopify Inc. (SHOP) has a market capitalization of approximately $100.0 billion on the NYSE.
When was Shopify Inc. founded?
Shopify Inc. was founded in 2006 and is headquartered in Ottawa, ON, Canada.
Who is the CEO of Shopify Inc.?
Tobi Lütke is the current CEO of Shopify Inc..
What is Shopify Inc.'s website?
Shopify Inc.'s official website is shopify.com.
| CEO | Tobi Lütke |
| Sector | Technology |
| Industry | Software - Application |
| Founded | 2006 |
| HQ | Ottawa, ON |
| Country | Canada |
| Website | shopify.com |
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