Public · Founded 2006
Shopify
Commerce platform powering online storefronts, payments and fulfilment for merchants.
Overview
Shopify's economics shifted decisively from subscriptions to merchant solutions: payments, capital and shipping now dominate revenue. The platform's leverage comes from taking a share of GMV rather than seats.
Key metrics
- Revenue
- $9.8B
- GMV
- $310B
- Merchant solutions share
- 74% of revenue
- Gross margin
- 51.2%
Timeline
2006
Founded
Built after the founders struggled to sell snowboards online.
2015
IPO
Dual listing on NYSE and TSX.
2023
Logistics divested
Sold the fulfilment network to refocus on software margins.
2026
Agentic commerce
Catalogue and checkout exposed to AI shopping agents.
Compensation at Shopify
Reported median total compensation by role.
| software engineer | $186k |
| product manager | $178k |
| data engineer | $172k |
Competitors
FAQ
Common questions
What does Shopify do?
Commerce platform powering online storefronts, payments and fulfilment for merchants.
How many people work at Shopify?
Shopify has approximately 8,300 employees, headquartered in Toronto.
Is Shopify hiring?
No open roles are currently listed for Shopify. New postings are synced on a rolling basis.
Who are Shopify's main competitors?
Stripe.