Shopify is a leading cloud-based, multichannel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up and manage their stores across multiple sales channels, including web, mobile, social media such as Pinterest and Facebook, brick-and-mortar locations, and pop-up shops. The platform also provides a merchant with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, using enterprise-level technology made available to businesses of all sizes. Shopify currently powers over 200,000 businesses in approximately 150 countries, including: Tesla Motors, Budweiser, Wikipedia, LA Lakers, the New York Stock Exchange, GoldieBlox, and many more.

Company Growth (employees)
Type
Public
HQ
Ottawa, CA
Founded
2006
Size (employees)
1,900 (est)
Shopify was founded in 2006 and is headquartered in Ottawa, CA

Key People at Shopify

Tobias Lütke

Tobias Lütke

CEO
Harley Finkelstein

Harley Finkelstein

Chief Operating Officer
Craig Miller

Craig Miller

Chief Marketing Officer
Brittany Forsyth

Brittany Forsyth

SVP of Human Relations

Shopify Office Locations

Shopify has offices in Ottawa, Toronto, Montréal, Waterloo and in 1 other location
Ottawa, CA (HQ)
150 Elgin St. 8th Floor
San Francisco, US
750 33 New Montgomery St
Waterloo, CA
57 Erb St W
Montréal, CA
490 Rue de la Gauchetière O
Toronto, CA
80 Spadina Ave

Shopify Data and Metrics

Shopify Financial Metrics

Shopify's revenue was reported to be $151.7 m in Q2, 2017
USD

Revenue (Q2, 2017)

151.7 m

Gross profit (Q2, 2017)

86.8 m

Gross profit margin (Q2, 2017), %

57%

Net income (Q2, 2017)

(1.1 m)

EBIT (Q2, 2017)

(15.9 m)

Market capitalization (20-Jul-2017)

8.3 b

Closing share price (20-Jul-2017)

91.9
Shopify's current market capitalization is $8.3 b.
USDQ2, 2017

Revenue

151.7 m

Cost of goods sold

64.9 m

Gross profit

86.8 m

Gross profit Margin, %

57%

Sales and marketing expense

54.9 m

R&D expense

32.7 m

General and administrative expense

15.2 m

Operating expense total

102.7 m

EBIT

(15.9 m)

EBIT margin, %

(10%)

Net Income

(1.1 m)

Shopify Operating Metrics

Shopify's Users was reported to be 375 k in Q4, 2016
Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017

Gross Merchandise Volume

$1.6 b$1.9 b$2.8 b$7.7 b$2.7 b$3.4 b$3.8 b$5.5 b$15.4 b$4.84 b

Monthly Recurring Revenue

$8.5 m$9.8 m$113 m$12.8 m$14.4 m$16.3 m$18.5 m$20.73 m

Users

325 k375 k377.5 k

Gross Payment Volume

$1.5 b$2.2 b

Average Revenue per Subscriber

$1.24 k

Partners

11 k

Active eBay Buyers

169 m

    Shopify Market Value History

    Shopify Job Categories

    Traffic Overview of Shopify

    Shopify Online and Social Media Presence

    Shopify News and Updates

    Shopify Pay aims to complete the picture for online checkout

     Shopify introduced a new product at its developer conference today, which will reduce friction during online orders and simplify checkout across any stores that run on Shopify’s ecommerce platform. Shopify Pay is similar to other instant payment solutions that store your info for fast access later …

    Shopify will let gamers buy T-shirts and other real-world goods inside a game

    Shopify is launching its Custom Storefront development kit, and it’s a new way for game developers to make money from their games. It’s another sign that the way people shop continues to evolve, even in the post e-commerce world. With the new kit, developers can now create unique buying experiences …

    Shopify’s Marketing Events API shows merchants what marketing actually does

     Shopify is announcing a number of new APIs for developers at its annual Unite developer conference in San Francisco today, but the new Marketing Events API might be the most interesting, especially for sellers using the platform. Basically, it allows the many developers already building marketing p…

    With its Unity Buy SDK, Shopify now lets mobile games sell real goods

     Mobile game developers tend to enjoy offering swag related to their games, especially if those amass any kind of decent-sized audience. The Unity Buy SDK from Shopify, announced at its Unite developer conference today, makes it easier to build a store for real stuff right inside your game, so that …

    Shopify launches a free, in-house designed card reader

     Shopify has designed its own hardware for the first time, building out a design team and coming up with a unique approach to the simple card reader, that most basic tool in the real-world merchant’s arsenal. The new chip and swipe card reader makes its official debut at Shopify’s Unite developer co…

    Shopify’s Burst is a new free stock photography resource

     Sometimes you just look at a photo and think “that would make the perfect header for a millennial-run online store for artisanal, handcrafted goods.” That’s true for basically every photo I could find at Shopify’s new Burst stock photo site, which offers all images it contains completely royalty-fr…
    Show more

    Shopify Company Life and Culture

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