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 Ratings4.1

Latest Updates

Employees (est.) (Dec 2019)5,000(+25%)
Job Openings42
Revenue (FY, 2018)$1.1 B(+60%)
Share Price (Oct 2020)C$1.3 K(-4%)
Cybersecurity ratingDMore

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
Joe Frasca

Joe Frasca

Chief Legal Officer
Toby Shannan

Toby Shannan

Chief Operating Officer
Brittany Forsyth

Brittany Forsyth

Chief Talent Officer
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Shopify Office Locations

Shopify has offices in Ottawa, Montréal, Toronto, Vancouver and in 12 other locations
Ottawa, CA (HQ)
150 Elgin St 8th floor
Montréal, CA
490 Rue de la Gauchetière O
Toronto, CA
80 Spadina Ave 4th Floor
Waterloo, CA
57 Erb St W
Shenzhen Shi, CN
n301, 98 Fuhua 1st Rd, Fu Tian C B D, Futian Qu
Berlin, DE
Zeughofstraße 20
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Shopify Financials and Metrics

Shopify Revenue

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Shopify's revenue was reported to be $1.07 b in FY, 2018 which is a 59.4% increase from the previous period.
USD

Revenue (Q3, 2019)

390.6m

Gross profit (Q3, 2019)

216.7m

Gross profit margin (Q3, 2019), %

55.5%

Net income (Q3, 2019)

(72.8m)

EBIT (Q3, 2019)

(35.7m)

Market capitalization (29-Oct-2020)

158.0b

Closing stock price (29-Oct-2020)

1.3k

Cash (30-Sept-2019)

1.1b

EV

157.0b
Shopify's current market capitalization is C$158 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

105.0m205.2m389.3m673.3m1.1b

Revenue growth, %

95%90%73%59%

Cost of goods sold

43.2m92.0m179.8m293.1m477.0m

Gross profit

61.8m113.3m209.5m380.3m596.3m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(22.3m)(18.8m)(35.4m)(40.0m)(64.6m)

Depreciation and Amortization

4.7m7.2m14.0m23.4m27.1m

Accounts Payable

11.1m11.1m19.8m15.4m20.6m

Cash From Operating Activities

(801.0k)15.8m14.0m79.0m9.3m
Quarterly
USDFY, 2014

Financial Leverage

1.4 x
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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, 2019

Monthly Recurring Revenue

$8.50 m$9.80 m$11.30 m$12.80 m$14.40 m$16.30 m$18.50 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

Gross Merchandise Volume

$1.60 b$1.90 b$2.80 b$7.70 b$2.70 b$3.40 b$3.80 b$5.50 b$15.40 b$4.84 b$5.87 b$26.32 b$7.95 b$9.14 b$9.99 b$41.10 b$11.90 b$13.75 b$14.82 b

Gross Payment Volume

$1.50 b$2.20 b

Stores

243.47 k377.50 k400 k500 k600 k
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Shopify Acquisitions / Subsidiaries

Company NameDateDeal Size
6 River SystemsSeptember 10, 2019$450 m
HandshakeMay 22, 2019$100 m
TictailNovember 26, 2018
Return MagicJune 20, 2018
OberloMay 11, 2017
Tiny HeartsDecember 05, 2016
BoltmadeOctober 03, 2016
KitApril 13, 2016
Jet CooperAugust 31, 2013
Select Start StudiosFebruary 01, 2012

Shopify Cybersecurity Score

Cybersecurity ratingPremium dataset

D

65/100

SecurityScorecard logo

Shopify Revenue Breakdown

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Shopify revenue breakdown by business segment: 56.7% from Merchant Solutions and 43.3% from Subscription Solutions

Shopify revenue breakdown by geographic segment: 6.5% from United Kingdom, 6.6% from Canada, 12.1% from Rest of World, 70.4% from United States and 4.5% from Other

Human Capital Metrics

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Shopify Online and Social Media Presence

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Shopify News and Updates

Shopify stock is up in pre-market trading as earnings blow past estimates

Shopify stock jumped nearly 3% in pre-market trading today after announcing earnings that handily beat the estimates set by Wall Street. The Ottawa-based provider of e-commerce services for retailers reported earnings of $133.2 million, or $1.13 per-share, for the third quarter after posting a loss …

TikTok partners with Shopify as the video app moves further into social commerce

Summary List PlacementTikTok announced a new partnership with ecommerce platform Shopify to assist US merchants with advertising on the app, giving them access to core functions of the TikTok For Business Ads Manager without requiring them to leave Shopify's dashboard. The merchants can create and …

Thinking about trading options or stock in Exxon Mobil, Automatic Data Processing, Tesla, Shopify, or Coca-Cola?

NEW YORK, Oct. 28, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for XOM, ADP, TSLA, SHOP, and KO. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Shopify stock gains after company announces TikTok partnership

Shares of Shopify Inc. are up 4.2% in Tuesday trading after the company announced a new partnership with TikTok. Through the arrangement, merchants will be able to use a TikTok channel for Shopify that will let the merchants pick products and run video ads that drive users to their Shopify stores f…

Shopify pens commerce deal with TikTok

Shopify and TikTok have signed a deal that is set to make it easier for merchants to advertised and sell products on the video-sharing...

Shopify sellers can now boost their businesses more easily on TikTok (SHOP)

Summary List Placement TikTok has kick-started its commerce partnership with ecommerce platform Shopify. Shopify merchants will be able to launch "shoppable video ads" directly in the TikTok feed, which will take customers straight to the merchant's store, the companies announced on Tuesday. The tw…
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Shopify Blogs

The Holiday Support Rush Is Already Underway. Here's How to Stay Afloat.

Warm up your support inbox because the holiday rush is underway. Big spikes in the demand for support can really test your systems and processes, but they’re also a tremendous opportunity to make a great first impression and create lifelong customers—so long as you're prepared.More

How to Launch a Makeup Brand and Sell Online: The Ultimate Guide

The democratization of beauty has opened up an industry once dominated by a few massive brands. And, surprisingly, there’s still room. Trends and niche markets spring up almost daily, ready for the taking. Those with the ability to go quick to market can jump on these trends and fill gaps in the ind…

Building A Niche Board Games Business By Crowdfuding A Million Dollars

When Dan Blacklock saw that there wasn’t a convenient way to store and display board games, he began prototyping modular and adjustable shelves. After Dan successfully crowdfunded over $1 million on Kickstarted and CrowdOx, he began building BoxThrone as the go-to business for board game storage. I…

Getting Unstuck: What to Do When You Don't Know What to Do

Once they start, entrepreneurs have a hard time stopping. But that doesn’t mean they never get stuck. The good news is that "feeling stuck" doesn't mean staying stuck. In many ways, it’s what entrepreneurs do in these moments when they don’t know what to do—their resourcefulness—that defines them.M…

Using TikTok to Generate 15,000 Sales in One Day

When Erico Frezza was 29, he started experiencing severe adult acne and took matters into his own hands. Meticulously researching for the next three years, Enrico launched Peace Out Skincare and its first product, the Acne Healing Dot. In this episode of Shopify Masters, we chat with Erico on the s…
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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 $1.1 b.

  • What is Shopify revenue per employee?

    Latest Shopify revenue per employee is $214.6 k.

  • Who are Shopify competitors?

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

  • Where is Shopify headquarters?

    Shopify headquarters is located at 150 Elgin St 8th floor, Ottawa.

  • Where are Shopify offices?

    Shopify has offices in Ottawa, Montréal, Toronto, Vancouver and in 12 other locations.

  • How many offices does Shopify have?

    Shopify has 16 offices.