Shopify

Shopify Inc.
Company type	Public
Traded as	TSX: SHOP (Class A); S&P/TSX 60 component; Nasdaq: SHOP; Nasdaq-100 component;
ISIN	CA82509L1076
Industry	E-commerce
Founded	2006; Ottawa, Ontario, Canada
Founders	Tobias Lütke; Daniel Weinand; Scott Lake;
Headquarters	Ottawa, Ontario, Canada
Area served	Worldwide
Key people	Tobias Lütke (CEO); Harley Finkelstein (President);
Services	Online shopping
Revenue	US$8.88 billion (2024)
Operating income	US$2.02 billion (2024)
Net income	US$132 million (2024)
Total assets	US$13.9 billion (2024)
Total equity	US$11.6 billion (2024)
Number of employees	8,100 (2024)
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 POS (point-of-sale) systems. The platform offers retailers a suite of services, including payments, marketing, shipping and customer engagement tools.^[2]

As of 2024, Shopify hosts 5.6 million active stores across more than 175 countries.^[3]

According to the company's yearly financial report for 2023, its total revenue reached $7.1 billion, and Gross Merchandise Volume (GMV) increased 20% to $235.9 billion over the prior year.^[4] Shopify is the second largest publicly traded Canadian company.^[5]

The company has stirred controversy for hosting stores for far-right figures and organizations, including merchandise for Holocaust denial.^[6]^[7]^[8]

^ ^a ^b ^c ^d ^e ^f "Shopify Inc. 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 11, 2025.
^ 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.
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[financials-1] ^ ^a ^b ^c ^d ^e ^f "Shopify Inc. 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 11, 2025.

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

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

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

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

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