Shopify

Shopify Inc.
Company type	Public
Traded as	TSX: SHOP (Class A); S&P/TSX 60 component; NYSE: SHOP;
ISIN	CA82509L1076
Industry	E-commerce
Founded	2006; Ottawa, Ontario, Canada
Founders	Tobias Lütke; Daniel Weinand; Scott Lake;
Headquarters	Ottawa, Ontario, Canada
Area served	Worldwide
Services	Online shopping
Revenue	US$7.06 billion (2023)
Net income	US$132 million (2023)
Total assets	US$11.3 billion (2023)
Total equity	US$9.07 billion (2023)
Number of employees	c. 8,300 (2023)
Website	shopify.com

Shopify Inc., stylized as shopify is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. Shopify is the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.^[3] The Shopify platform offers online retailers a suite of services, including payments, marketing, shipping and customer engagement tools.^[4]

As of 2023, Shopify hosts 4.6 million stores across 175 countries.^[5] According to the company's yearly financial report for 2023, its total revenue reached $7.1 billion. The Gross Merchandise Volume (GMV) for the fourth quarter alone saw a 23% increase, amounting to $75.1 billion.^[6] With a market capitalization of $92.12 billion, Shopify is now the third largest publicly traded Canadian company.^[7]

^ ^a ^b ^c ^d "Shopify Inc. 2023 Annual Report (Form 40-F)". U.S. Securities and Exchange Commission. February 13, 2024. Archived from the original on February 14, 2024.
^ "Shopify Inc. 2023 Annual Information Form". U.S. Securities and Exchange Commission. February 13, 2024.
^ Bradbury, Danny. Hands-off business a reality Archived November 29, 2020, at the Wayback Machine The Financial Post. April 21, 2008.
^ McLeod, James. "Shopify holds a healthy chunk of pot sales' upside, says COO." The Financial Post. October 30, 2018, p. 2.
^ "Shopify Usage Statistics". BuiltWith. Retrieved April 12, 2024.
^ "Shopify Announces Fourth Quarter and Full Year 2023 Financial Results". Shopify. Retrieved April 12, 2024.
^ "Largest Companies in Canada by Market Cap". CompaniesMarketCap. Retrieved April 12, 2024.

[financials-1] "Shopify Inc. 2023 Annual Report (Form 40-F)". U.S. Securities and Exchange Commission. February 13, 2024. Archived from the original on February 14, 2024.

[2] "Shopify Inc. 2023 Annual Information Form". U.S. Securities and Exchange Commission. February 13, 2024.

[3] Bradbury, Danny. Hands-off business a reality Archived November 29, 2020, at the Wayback Machine The Financial Post. April 21, 2008.

[4] McLeod, James. "Shopify holds a healthy chunk of pot sales' upside, says COO." The Financial Post. October 30, 2018, p. 2.

[5] "Shopify Usage Statistics". BuiltWith. Retrieved April 12, 2024.

[6] "Shopify Announces Fourth Quarter and Full Year 2023 Financial Results". Shopify. Retrieved April 12, 2024.

[7] "Largest Companies in Canada by Market Cap". CompaniesMarketCap. Retrieved April 12, 2024.

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