OverviewSuggest Edit

Shopify is a company that develops a cloud-based, multichannel commerce platform for small and medium-sized businesses. It is used to design, set up, and manage stores across multiple sales channels, including web, mobile, social media, brick-and-mortar locations, and pop-up shops. The platform also provides a back-office and a single view of the clients' business.
TypePublic
Founded2004
HQOttawa, CA
Websiteshopify.com
Employee Ratings4.2
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)5,000(+25%)
Job Openings148
Revenue (FY, 2020)$2.9 B(+86%)
Share Price (Jul 2021)C$2 K(+2%)
Cybersecurity ratingBMore

Key People/Management at Shopify

Tobi Lütke

Tobi Lütke

Founder & Chief Executive Officer
Harley Finkelstein

Harley Finkelstein

President
Amy Shapero

Amy Shapero

Chief Financial Officer
Toby Shannan

Toby Shannan

Chief Operating Officer
Jean-Michel Lemieux

Jean-Michel Lemieux

Chief Technology Officer
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Shopify Office Locations

Shopify has offices in Ottawa and Dublin
Ottawa, CA (HQ)
151 O'Connor St
Dublin, IE
Victoria Building, 1-2 Haddington Rd
Show all (2)

Shopify Financials and Metrics

Shopify Revenue

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Shopify's revenue was reported to be $2.93 b in FY, 2020
USD

Revenue (FY, 2020)

2.9b

Gross profit (FY, 2020)

1.5b

Gross profit margin (FY, 2020), %

52.6%

Net income (FY, 2020)

319.5m

EBIT (FY, 2020)

90.2m

Market capitalization (22-Jul-2021)

249.2b

Closing stock price (22-Jul-2021)

2.0k
Shopify's current market capitalization is C$249.2 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

673.3m1.1b1.6b2.9b

Revenue growth, %

73%59%47%

Cost of goods sold

293.1m477.0m712.5m1.4b

Gross profit

380.3m596.3m865.6m1.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

214.3m245.0m270.1m320.5m362.0m390.6m470.0m714.3m767.4m

Cost of goods sold

90.5m108.0m120.3m140.2m157.2m173.9m213.1m339.3m362.3m

Gross profit

123.8m137.0m149.7m180.3m204.8m216.7m257.0m375.0m405.1m

Gross profit Margin, %

58%56%55%56%57%55%55%53%53%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

141.7m410.7m649.9m

Accounts Receivable

7.1m11.2m9.7m

Prepaid Expenses

7.2m12.9m20.8m

Current Assets

1.0b2.1b2.7b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

196.6m219.8m243.4m410.4m669.0m1.1b969.4m1.9b3.1b

Accounts Receivable

6.8m8.3m7.6m11.0m15.4m13.5m13.1m17.5m19.4m

Current Assets

1.7b1.7b1.7b2.2b2.2b2.9b2.7b4.4b6.6b

PP&E

51.7m54.8m55.8m70.8m84.2m92.1m116.8m95.5m94.7m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(40.0m)(64.6m)(124.8m)319.5m

Depreciation and Amortization

23.4m27.1m35.7m70.1m

Accounts Payable

15.4m20.6m84.6m118.6m

Cash From Operating Activities

79.0m9.3m70.6m425.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(15.9m)(39.9m)(63.0m)(24.2m)(52.8m)(125.6m)(31.4m)4.6m195.6m

Depreciation and Amortization

7.6m15.0m21.2m6.8m14.2m23.0m14.4m34.3m52.2m

Accounts Payable

11.6m27.3m44.2m33.9m55.9m53.9m30.6m61.7m86.1m

Cash From Operating Activities

(1.9m)(2.8m)67.0k24.3m47.4m17.7m(85.0m)80.2m179.6m
USDFY, 2017

Revenue/Employee

224.4k

Financial Leverage

1.1 x

P/E Ratio

(240.5)
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Shopify Operating Metrics

Shopify's Stores was reported to be 600 k in Jun, 2018.
Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Oct, 2017FY, 2017Jan, 2018Q1, 2018Jun, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Monthly Recurring Revenue

$8.5 m$9.8 m$11.3 m$12.8 m$14.4 m$16.3 m$18.5 m$20.73 m$23.66 m$29.88 m$32.46 m$35.28 m$37.86 m$40.93 m$44.21 m$47.12 m$50.65 m$53.9 m$55.4 m$57.03 m$74.36 m

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$5.87 b$26.32 b$7.95 b$9.14 b$9.99 b$41.1 b$11.9 b$13.75 b$14.82 b$61.14 b$17.42 b$30.11 b$30.92 b

Gross Payment Volume

$1.5 b$2.2 b

Stores

243.47 k377.5 k400 k500 k600 k
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Shopify Acquisitions / Subsidiaries

Company NameDateDeal Size
6 River SystemsSeptember 10, 2019$450 m
HelpfulMay 23, 2019
HandshakeMay 22, 2019$100 m
TictailNovember 26, 2018
Return MagicJune 20, 2018
OberloMay 11, 2017$15 m
Tiny HeartsDecember 05, 2016
BoltmadeOctober 03, 2016
KitApril 13, 2016
Jet CooperAugust 31, 2013
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Shopify Revenue Breakdown

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Shopify revenue breakdown by business segment: 59.3% from Merchant Solutions and 40.7% from Subscription Solutions

Shopify revenue breakdown by geographic segment: 6.6% from United Kingdom, 6.1% from Canada, 14.6% from Rest of World, 68.4% from United States and 4.3% from Other

Human Capital Metrics

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Shopify Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Shopify Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Shopify Online and Social Media Presence

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Shopify Company Culture

  • Overall Culture

    A+

    82/100

  • CEO Rating

    A+

    87/100

  • Compensation

    B

    72/100

  • Diversity

    B

    75/100

Learn more on Comparably

Shopify News and Updates

talkshoplive® Launches Shopify App

LOS ANGELES, July 22, 2021 /PRNewswire/ -- talkshoplive® (TSL), the leading live streaming, social commerce network, announced today the launch of the TSL Shopify app, which allows Shopify store owners the ability to sync products to their TSL account. Orders placed through their TSL...

Apparel Powerhouse Entripy Launches SLAITE POD on the Shopify App Store to Support Small Businesses, Creators

OAKVILLE, ON, July 22, 2021 /PRNewswire/ - Canada's leading provider of custom apparel, Entripy Custom Clothing, is taking their support of small businesses to the next level with the launch of SLAITE POD, a Shopify-integrated dropshipping app that is creating more opportunities for...

Octane AI Raises $5 Million to Help Shopify Merchants Personalize Ecommerce Experiences

SAN FRANCISCO, July 20, 2021 /PRNewswire/ -- Octane AI, the pioneer zero-party data marketing platform, today announced it has raised $5 million in capital in a round led by Javelin Venture Partners, the investor behind Masterclass and Thumbtack, with participation from existing investors...

E-commerce sellers are being forced to completely rethink how they handle customer data thanks to major changes from Apple and Google. This startup, recently named the best storefront app on Shopify, wants to help.

Summary List PlacementIn April, Octane AI was named the best storefront app in Shopify's Commerce Awards for 2020.  Three months later, it's announcing a new round of funding, a couple of key hires, and a new feature for Shopify merchants.  Octane AI is best known for its Shop Quiz, an app that Sh…

MiniDOGE has integrated with Shopify Through CoinPayments to give 2.8 million merchants worldwide the ability to accept MiniDOGE tokens as payment

Phoenix, Arizona, July 16, 2021 (GLOBE NEWSWIRE) -- MiniDoge is bouncing into Shopify now and can be used as a source of payment. MiniDOGE has integrated with CoinPayments to give 2.8 million merchants worldwide the ability to accept MiniDOGE tokens as payment!

Shopify Digital Physical Product Sales Optimization Design Services Updated

Blackbelt Commerce has launched an updated online store design and marketing service. The agency works with Shopify sellers to optimize their web presence. Blackbelt Commerce has launched an updated online store design and marketing service. The agency works with Shopify sellers to optimize their we…
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Shopify Blogs

20+ Small Business Lending Statistics You Need to Know Before Applying for Financing

Looking to finance your small business but don't know where to start? This comprehensive guide explores every financing option available to small businesses, including the advantages and disadvantages of each type of loan) We even share 20+ statistics about approval rates and loan sizes to help you …

The Science Behind Building a Profitable Business

In this episode of Shopify Masters, John Cascarano, lawyer turned serial entrepreneur shares his methodical process of building businesses and how offering customization and gifting helps to scale businesses.More

How Wood Wood Toys Uses Shopify Inbox to Differentiate and Win Sales

Read about Wood Wood Toys, a Canadian-based wooden-toy, and how they used Shopify Inbox to improve their customer experience.More

Craft Your Own Future: 10 DIY Business Ideas You Can Start From Home

Exploring your creativity has many benefits—and may even spark a business idea. Once you’ve found and perfected your craft, you can diversify your income by selling handmade goods in your spare time. Browse our picks for 2021’s hottest crafts, or take our quiz to get tailored ideas for crafts to mak…

How Many YouTube Subscribers Does It Take to Make Six Figures?

In this episode of Shopify Masters, Keya James of Tailored Beauty shares her self-taught process of scaling beyond six figures and gaining retail partnerships like Wal-Mart.More
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Shopify Frequently Asked Questions

  • When was Shopify founded?

    Shopify was founded in 2004.

  • Who are Shopify key executives?

    Shopify's key executives are Tobi Lütke, Harley Finkelstein and Amy Shapero.

  • How many employees does Shopify have?

    Shopify has 5,000 employees.

  • What is Shopify revenue?

    Latest Shopify annual revenue is $2.9 b.

  • What is Shopify revenue per employee?

    Latest Shopify revenue per employee is $585.9 k.

  • Who are Shopify competitors?

    Competitors of Shopify include VTEX, WordPress.com and ChannelAdvisor.

  • Where is Shopify headquarters?

    Shopify headquarters is located at 151 O'Connor St, Ottawa.

  • Where are Shopify offices?

    Shopify has offices in Ottawa and Dublin.

  • How many offices does Shopify have?

    Shopify has 2 offices.