Shopify Inc (Shopify), a subsidiary of Flexport Inc, is a provider of cloud-based, multi-channel commerce platforms. The company’s software allows merchants to design, manage and sell their products across multiple sales channels, including web and mobile storefronts, social media, physical retail locations, pop-up shops and marketplaces. It also enables merchants to manage products and inventory, establish customer relationships, process orders and payments, ship orders and leverage analytics and reporting all from the back office. The company offers its services to merchants of small and medium-sized businesses and provides services under the brand name Shopify. It operates in the US, Ireland, Singapore and Canada. Shopify is headquartered in Ottawa, Ontario, Canada.
Headquarters
Canada
Address
151 O'Connor Street, Ground Floor, Ottawa, Ontario, K2P2L8
Website
www.shopify.com
Telephone
1 613 2412828
No of Employees
8,300
Industry
Technology and Communications
Ticker Symbol & Exchange
SHOP (NYSE)
Revenue (2022)
$7.1B
26.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
103.8%
(2022 vs 2021)
Market Cap*
$87.6B
Net Profit Margin (2022)
XYZ
103.0%
(2022 vs 2021)
* As of and is in US$
Shopify Inc premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Single View of Business | Shopify |
| Back-Office Support | |
| Enables to Manage Products and Inventory | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company along with Google Cloud entered into a partnership with Cognizant to manage digital transformation and platform modernization for global retailers and brands. |
| 2024 | Contracts/Agreements | In April, the company expanded its partnership with BARK, Inc. to advance customer experience, support scalable growth across web and mobile platforms, and drive operational efficiencies. |
| 2024 | Contracts/Agreements | In March, the company announced its integration with Claspo to solve merchants' common widget-related challenges. |
Competitor Comparison
| Key Parameters | Shopify Inc | eBay Inc | Bigcommerce Holdings Inc | BASE Inc | Clover Network LLC |
|---|---|---|---|---|---|
| Headquarters | Canada | United States of America | United States of America | Japan | United States of America |
| City | Ottawa | San Jose | Austin | Minato-Ku | Mountain View |
| State/Province | Ontario | California | Texas | Tokyo | California |
| No. of Employees | 8,300 | 12,300 | 1,321 | 274 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Tobias Lutke | Director; Chief Executive Officer | Executive Board | 2008 | - |
| Jeff Hoffmeister | Chief Financial Officer | Senior Management | 2022 | - |
| Kaz Nejatian | Chief Operating Officer; Vice President - Product | Senior Management | 2019 | - |
| Harley Finkelstein | President | Senior Management | 2010 | - |
| Glen Coates | Vice President - Product | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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