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 Ratings4.3
Overall CultureA

Latest Updates

Employees (est.) (Dec 2019)5,000(+25%)
Job Openings121
Revenue (FY, 2020)$2.9 B(+86%)
Share Price (May 2021)C$1.4 K(-5%)
Cybersecurity ratingCMore

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 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 (3-May-2021)

171.0b

Closing stock price (3-May-2021)

1.4k
Shopify's current market capitalization is C$171 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

C

70/100

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

    81/100

  • CEO Rating

    A+

    87/100

  • Compensation

    B

    74/100

  • Diversity

    B

    75/100

Learn more on Comparably

Shopify News and Updates

Shopify joins patent non-aggression network as competition with Amazon heats up

Shopify has joined the Open Invention Network (OIN), a patent non-aggression community that aims to defend the intellectual property (IP) rights of developers that...

Will Shopify Stock Rally Further?

Shopify stock (NYSE: SHOP) is up by about 9% over the last week (five trading days) outperforming the S&P 500 which is down by about -0.3% over the same period. The recent surge in the stock comes as the e-commerce software provider delivered a solid set of Q1 2021 earnings, with sales more...

Shopify Joins the Open Invention Network

DURHAM, N.C., May 04, 2021 (GLOBE NEWSWIRE) -- Open Invention Network (OIN), the largest patent non-aggression community in history, announced today that Shopify has become a licensee and community member of OIN. As a leading global commerce platform providing trusted tools to start, grow, market,…

Buy “Entrepreneur Stocks” Shopify And Square To Profit From The Startup Boom

Isabelle Rodriguez penned the tweet she would send from her grave. But 24-year-old Rodriguez wasn’t dying, or even ill. She was using Cake, a new “app” that lets you plan your funeral.

Softpulse Infotech Assisting Business owners While Creating Shopify App

They are arising as the main eCommerce creation stage. After their new tie-up with Walmart, the Shopify traders will get enabled. Before the current year's over, 1300 US Shopify vendors will want to sell their items on Walmart's third part commercial center. Shopify thinks often about its traders. …

R|T: The Retail Times – Shopify pins new markets

The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe. Subscribe to R|T using the form at...
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Shopify Blogs

The Best Ecommerce Software Meets Your Business Needs Now and in the Future

Choosing the right ecommerce software is one of the first steps to your entrepreneurial success.More

The FIRE Movement Isn’t About Retirement—It’s About Independence

The FIRE movement—short for financial independence, retire early—gained momentum in 2018 and has since amassed a sizable following. We’ve consulted personal finance experts for their takes on FIRE and their advice for owning your financial future. And, we’ll dig into the most accessible takeaways fr…

From Getting Kicked out of Staples to Being Acquired By BIC

Joe Lamey and Jake Epstein are the founders behind Rocketbook. The creators behind everlasting notebooks and digital tools to ensure users can have one single notebook for all of their needs. In this episode of Shopify Masters, Joe shares their crowdfunding journey, how they overcame manufacturing …

How to Sell Furniture and Home Decor Online: The Ultimate Guide

Starting a furniture business? Experts share their best advice for aspiring furniture makers, designers, curators, and sellers alike. Learn about sourcing or making furniture and home decor products. Get advice about inventory, shipping, and marketing. And transform your idea into reality, as we w…
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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.