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Shopify information


Shopify Inc.
Company typePublic
Traded as
  • TSX: SHOP (Class A)
  • S&P/TSX 60 component
  • NYSE: SHOP
ISINCA82509L1076
IndustryE-commerce
Founded2006; 18 years ago (2006)
Ottawa, Ontario, Canada
Founders
  • Tobias Lütke
  • Daniel Weinand
  • Scott Lake
Headquarters
Ottawa, Ontario
,
Canada
Area served
Worldwide
ServicesOnline shopping
RevenueIncrease US$7.06 billion (2023)[1]
Net income
Increase US$132 million (2023)[1]
Total assetsIncrease US$11.3 billion (2023)[1]
Total equityIncrease US$9.07 billion (2023)[1]
Number of employees
c. 8,300 (2023)[2]
Websiteshopify.com

Shopify Inc., stylized as shopify is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. Shopify is the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.[3] The Shopify platform offers online retailers a suite of services, including payments, marketing, shipping and customer engagement tools.[4]

As of 2023, Shopify hosts 4.6 million stores across 175 countries.[5] According to the company's yearly financial report for 2023, its total revenue reached $7.1 billion. The Gross Merchandise Volume (GMV) for the fourth quarter alone saw a 23% increase, amounting to $75.1 billion.[6] With a market capitalization of $92.12 billion, Shopify is now the third largest publicly traded Canadian company.[7]

  1. ^ a b c d "Shopify Inc. 2023 Annual Report (Form 40-F)". U.S. Securities and Exchange Commission. February 13, 2024. Archived from the original on February 14, 2024.
  2. ^ "Shopify Inc. 2023 Annual Information Form". U.S. Securities and Exchange Commission. February 13, 2024.
  3. ^ Bradbury, Danny. Hands-off business a reality Archived November 29, 2020, at the Wayback Machine The Financial Post. April 21, 2008.
  4. ^ McLeod, James. "Shopify holds a healthy chunk of pot sales' upside, says COO." The Financial Post. October 30, 2018, p. 2.
  5. ^ "Shopify Usage Statistics". BuiltWith. Retrieved April 12, 2024.
  6. ^ "Shopify Announces Fourth Quarter and Full Year 2023 Financial Results". Shopify. Retrieved April 12, 2024.
  7. ^ "Largest Companies in Canada by Market Cap". CompaniesMarketCap. Retrieved April 12, 2024.

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