Shopify is a 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. 

Type
Public
HQ
Ottawa, CA
Founded
2006
Size (employees)
1,900 (est)
Shopify was founded in 2006 and is headquartered in Ottawa, CA
Report incorrect company information

Key People/Management at Shopify

Tobi Lutke

Tobi Lutke

Founder, Chief Executive Officer
Harley Finkelstein

Harley Finkelstein

Chief Operating Officer
Craig Miller

Craig Miller

Chief Product Officer
Amy Shapero

Amy Shapero

Chief Financial Officer
Jeff Weiser

Jeff Weiser

Chief Marketing Officer
Joe Frasca

Joe Frasca

SVP, General Counsel and Corporate Secretary
Show more

Shopify Office Locations

Shopify has offices in Montréal, Ottawa, Toronto, Waterloo and in 1 other location
Ottawa, CA (HQ)
150 Elgin St. 8th Floor
Montréal, CA
490 Rue de la Gauchetière O
Toronto, CA
80 Spadina Ave
Waterloo, CA
57 Erb St W
San Francisco, US
750 33 New Montgomery St
Show all (5)
Report incorrect company information

Shopify Financials and Metrics

Shopify Financials

Shopify's revenue was reported to be $673.30 m in FY, 2017 which is a 72.9% increase from the previous period.
USD

Revenue (FY, 2017)

673.3 m

Revenue growth (FY, 2016 - FY, 2017), %

72.9%

Gross profit (FY, 2017)

380.3 m

Gross profit margin (FY, 2017), %

56.5%

Net income (FY, 2017)

(40 m)

EBIT (FY, 2017)

(49.2 m)

Market capitalization (23-May-2018)

13.1 b

Closing share price (23-May-2018)

140.8

Cash (31-Dec-2017)

141.7 m
Shopify's current market capitalization is $13.1 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

105 m205.2 m389.3 m673.3 m

Revenue growth, %

95%90%73%

Cost of goods sold

43.2 m92 m179.8 m293.1 m

Gross profit

61.8 m113.3 m209.5 m380.3 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

37.3 m44.9 m52.8 m72.7 m86.6 m99.6 m127.4 m151.7 m171.5 m

Cost of goods sold

15.8 m19.7 m24 m32.6 m39.1 m45.8 m55.1 m64.8 m100 m

Gross profit

21.6 m25.3 m28.7 m40.1 m47.5 m53.8 m72.2 m86.8 m71.4 m

Gross profit Margin, %

58%56%54%55%55%54%57%57%42%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

42 m110.1 m84 m141.7 m

Accounts Receivable

7.2 m6.1 m9.6 m21.9 m

Current Assets

68.4 m202.5 m422.9 m1 b

PP&E

21.7 m33 m45.7 m50.4 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

146.7 m115.3 m83.9 m68.1 m187.4 m101.3 m199.4 m119.8 m

Accounts Receivable

3.3 m3.8 m6.5 m9.1 m7.7 m9.2 m12.6 m17.8 m

Current Assets

205.1 m195.5 m203.2 m195.9 m427.4 m434.3 m994.2 m1 b

PP&E

25.6 m29.1 m34.6 m39.1 m42.8 m44.8 m44.2 m48.6 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(22.3 m)(18.8 m)(35.4 m)(40 m)

Depreciation and Amortization

4.7 m7.2 m14 m23.4 m

Accounts Payable

11.1 m11.1 m19.8 m15.4 m

Cash From Operating Activities

(801 k)15.8 m14 m79 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(4.5 m)(7.8 m)(12.5 m)(8.9 m)(17.4 m)(26.5 m)(13.6 m)(27.6 m)(37 m)

Depreciation and Amortization

1.5 m3.1 m5 m3.1 m5.8 m9.5 m4.5 m9.9 m15.6 m

Accounts Payable

2.3 m4.5 m4.5 m2.3 m8 m(4.1 m)8.8 m10.6 m15.2 m

Cash From Operating Activities

4 m10.6 m10.8 m655 k6.2 m7.3 m4 m(4.9 m)(11.1 m)
USDY, 2017

Revenue/Employee

354.4 k

Financial Leverage

1.1 x
Show all financial metrics

Shopify Operating Metrics

Shopify's Stores was reported to be 500 k in Jan, 2018.
Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Oct, 2017FY, 2017Jan, 2018

Monthly Recurring Revenue

$8.50 m$9.80 m$113 m$12.80 m$14.40 m$16.30 m$18.50 m$20.73 m$29.88 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$26.32 m

Gross Payment Volume

$1.50 b$2.20 b

Stores

243.47 k377.50 k400 k500 k
Show all operating metrics

Shopify Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Oberlo May 11, 2017
Tiny Hearts December 05, 2016
Boltmade October 03, 2016
Kit April 13, 2016
Jet Cooper August 31, 2013
Select Start Studios February 01, 2012
Report incorrect company information

Shopify News and Updates

Shopify rival Engine hopes to blaze a trail for Arkansas’ ecommerce startups

EXCLUSIVE: John James, a serial entrepreneur from Fayetteville, Arkansas, said he was faced with a dilemma in his quest to make his town a more friendly place for tech startups: “Is my time better served mentoring 10 people, or taking a 10 percent chance at building a billion-dollar company?” After …

The anatomy of a connected shopper

SPONSORED: By fully understanding customer preferences and knowing how and when shoppers want to purchase, we can drive more sales for businesses and improve shopping experiences for consumers: a win-win scenario.

Shopify shares down as rival Magento gets bought by Adobe

May 22 (Reuters) - U.S.-listed shares in Canadian e-commerce software maker Shopify Inc fell around 2 percent before the bell on Tuesday after Adobe Systems Inc announced it was buying rival Magento Commerce.

Inside Shopify’s strategy for dominating the booming cannabis industry

Shopify wants to dominate online cannabis sales in Canada. The e-commerce giant recently inked a deal with the government of Ontario to handle online cannabis sales for the provincially-backed Ontario Cannabis Retail Corporation. Loren Padelford, a VP and GM at Shopify who's charged with heading …
Show more
Report incorrect company information