Shopify Inc (Shopify) is a provider of cloud-based, multi-channel commerce platform. The company’s software allows merchants to design, manage and sell their products across multiple sales channels, including web and mobile store fronts, 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 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
Suite 200, 126 York Street, Ottawa, Ontario, K1N5T5
Website
www.shopify.com
Telephone
1 613 2412828
No of Employees
10,000
Industry
Technology and Communications
Ticker Symbol & Exchange
SHOP (NYSE)
Revenue (2022)
$4.6B
57.4%
(2022 vs 2021)
EPS
XXX
Net Income (2022)
XXX
812.2%
(2022 vs 2021)
Market Cap*
$64.6B
Net Profit Margin (2022)
XXX
479.3%
(2022 vs 2021)
* As of and is in US$
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Products and Services
| Services | Brands |
|---|---|
| Single View of Business | Shopify |
| Back-Office Support | |
| Enables to Manage Products and Inventory | |
| XXX | |
| XXX | |
| XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In January, the company announced the launch of Commerce Components by Shopify (CCS). |
| 2022 | Contracts/Agreements | In December, the company and BigCommerce merchants partnered with Fast Simon to use Fast Simon’s AI-based merchandising, search, and personalization suite to power eCommerce stores. |
| 2022 | Contracts/Agreements | In December, the company and Bridgeline Digital entered into a partnership to offer its prescriptive marketing dashboard, eCommerce360. |
Competitor Comparison
| Key Parameters | Shopify Inc | eBay Inc | Bigcommerce Holdings Inc | BASE Inc | Clover Network Inc |
|---|---|---|---|---|---|
| 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 | 10,000 | 10,800 | 1,337 | 211 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Tobias Lutke | Chief Executive Officer; Director | Executive Board | 2008 | - |
| Jeff Hoffmeister | Chief Financial Officer | Senior Management | 2022 | - |
| Toby Shannan | Chief Operating Officer | Senior Management | 2010 | - |
| Jean-Michel Lemieux | Chief Technology Officer | Senior Management | 2015 | - |
| Joseph Frasca | Chief Legal Officer; Secretary | Senior Management | 2014 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
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