Shopify Competitors and Similar CompaniesClear all
Shopify's competitors and similar companies include GoDaddy, QVC, VTEX, WordPress.com, ChannelAdvisor, Lightspeed Retail and Adobe Commerce.
 GoDaddy GoDaddy is a company that provides domain names, website hosting, and online marketing tools. |  ChannelAdvisor ChannelAdvisor is a company that provides cloud-based e-commerce solutions for brands and retailers. |  Adobe Commerce Adobe Commerce (also known as Magento or X.commerce) is a company that develops e-commerce software. | ||||||
Founding Date | Founding Date 2006 | Founding Date 1997 | Founding Date 1986 | Founding Date 2000 | Founding Date 2005 | Founding Date 2001 | Founding Date 2010 | Founding Date 2008 |
Type | Type Public | Type Public | Type Public | Type Public | Type Subsidiary | Type Subsidiary | Type Subsidiary | Type Subsidiary |
Tags | ||||||||
Locations | Locations Ottawa, CA HQ Dublin, IE Vilnius, LT Singapore, SG New York, US | Locations Tempe, US HQ Buenos Aires, AR Melbourne, AU Sydney, AU Rio De Janeiro, BR São Paulo, BR Santiago, CL see more | Locations West Chester, US HQ Düsseldorf, DE Brugherio, IT Chiba, JP London, GB | Locations London, GB HQ Buenos Aires, AR João Pessoa, BR Recife, BR Rio De Janeiro, BR São Paulo, BR Santiago, CL see more | Locations San Francisco, US HQ | Locations Morrisville, US HQ Docklands, AU Paris, FR Limerick, IE Madrid, ES London, GB | Locations Durango, US HQ Southbank, AU Toronto, CA Auckland, NZ London, GB | Locations San Jose, US HQ |
Employees | Employees 8,300 | Employees 6,15911% decrease | Employees 9,176 | Employees 1,277 | Employees N/A | Employees 2884% decrease | Employees 1571% increase | Employees 5691% decrease |
Valuation ($) | Valuation ($) 104 b | Valuation ($) 22.7 b | Valuation ($) N/A | Valuation ($) 1.3 b | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) N/A |
Financial | ||||||||
Revenue (est.) | Revenue (est.) $7.1b (FY, 2023) | Revenue (est.) $4.3b (FY, 2023) | Revenue (est.) $9.4b (FY, 2023) | Revenue (est.) $201.5m (FY, 2023) | Revenue (est.) N/A | Revenue (est.) $167.7m (FY, 2021) | Revenue (est.) N/A | Revenue (est.) N/A |
Cost of goods | Cost of goods $3.5b (FY, 2023) | Cost of goods $1.6b (FY, 2023) | Cost of goods $6.3b (FY, 2023) | Cost of goods $55.9m (FY, 2023) | Cost of goods N/A | Cost of goods $38.2m (FY, 2021) | Cost of goods N/A | Cost of goods N/A |
Gross profit | Gross profit $3.6b (FY, 2023) | Gross profit $2.7b (FY, 2023) | Gross profit $3.2b (FY, 2023) | Gross profit $145.6m (FY, 2023) | Gross profit N/A | Gross profit $129.5m (FY, 2021) | Gross profit N/A | Gross profit N/A |
Net income | Net income $132m (FY, 2023) | Net income $1.4b (FY, 2023) | Net income $211m (FY, 2023) | Net income ($13.7m) (FY, 2023) | Net income N/A | Net income $47.2m (FY, 2021) | Net income N/A | Net income N/A |
Operating ⚠ | ||||||||
Countries | Countries 175 (FY, 2023) | Countries N/A | Countries N/A | Countries 45 (Feb, 2021) | Countries N/A | Countries N/A | Countries 140 (Jun, 2018) | Countries N/A |
Customers | Customers N/A | Customers 21 m (Q1, 2023) | Customers N/A | Customers 2.4 k (FY, 2021) | Customers 400 m (Jul, 2023) | Customers 2.6 k (FY, 2019) | Customers N/A | Customers N/A |
Gross Merchandise Volume | Gross Merchandise Volume $60.9b (Q1, 2024) | Gross Merchandise Volume N/A | Gross Merchandise Volume N/A | Gross Merchandise Volume $7.5b (FY, 2020) | Gross Merchandise Volume N/A | Gross Merchandise Volume N/A | Gross Merchandise Volume N/A | Gross Merchandise Volume N/A |
Funding | ||||||||
Total funding raised | Total funding raised $ 122.3m | Total funding raised N/A | Total funding raised N/A | Total funding raised $ 365m | Total funding raised N/A | Total funding raised $ 75m | Total funding raised $ 46.7m | Total funding raised $ 272.5m |
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GoDaddy
HQ
Tempe, US
Employees
6,159↓ 11% decrease
GoDaddy is a company that provides domain names, website hosting, and online marketing tools.
View company
QVC
HQ
West Chester, US
Employees
9,176
QVC is a fashion, food, home, and electronics retailer.
View company
VTEX
HQ
London, GB
Employees
1,277
VTEX is a company that develops an enterprise digital commerce platform.
View company
WordPress.com
HQ
San Francisco, US
WordPress.com (WP.com) is a hosted blogging service of Automattic.
View company