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Shopify Inc. is a technology company operating in the software services industry, specializing in platforms for building and managing online stores.
Founded in 2006 in Canada by Tobias Lütke, Daniel Weinand, and Scott Lake, the company was created to provide an accessible and scalable solution for entrepreneurs and businesses looking to sell products and services online.
The company offers an integrated platform that enables merchants to run online stores, manage inventory, process payments, operate across multiple sales channels, and optimize logistics.
Its business model combines monthly subscription fees with transaction-based revenue, as well as additional services such as payment processing, digital marketing, and marketplace integrations.
Shopify’s portfolio includes e-commerce solutions, point-of-sale (POS) systems for physical stores, analytics tools, automation features, and integration with social networks and third-party platforms. The company also offers Shopify Plus, an enterprise-level solution designed for large retailers and global brands.
With operations in more than 175 countries, Shopify supports millions of merchants, ranging from small businesses to major international brands. Its ecosystem includes developers, technology partners, agencies, and a large marketplace of apps that enhance the platform’s capabilities.
Key market factors influencing the company include the global expansion of e-commerce, the growth of digital sales, the need for omnichannel integration, and competition from platforms such as WooCommerce, Magento, Salesforce Commerce Cloud, and VTEX.
Shopify’s operational structure includes globally distributed offices and a technology-driven infrastructure built primarily on cloud systems, allowing scalability and high availability. Its workforce consists mainly of engineering, product, marketing, and technical support teams.
Shopify Inc.’s shares are traded on both the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the ticker SHOP.
History and when Shopify Inc. was founded
Shopify Inc. was founded in 2006 in Ottawa, Canada, by Tobias Lütke, Daniel Weinand, and Scott Lake. The company originated after the founders encountered difficulties in creating an online store to sell snowboard equipment, prompting Tobias Lütke to develop his own e-commerce platform.
The official launch of Shopify occurred in 2006, initially offering basic tools for building online stores. Over the following years, the company expanded its capabilities, adding integrations with payment gateways, customizable themes, and marketing features.
The company’s initial public offering (IPO) took place in 2015, with shares listed simultaneously on the NYSE and the TSX, marking one of the most significant technology IPOs of that year. The capital raised accelerated product development and the global expansion of the platform.
Between 2016 and 2020, Shopify experienced rapid growth driven by the global rise of e-commerce, investing in logistics solutions, POS systems, and advanced tools for enterprise clients.
In 2020, boosted by accelerated digital adoption during the pandemic, Shopify became one of the largest e-commerce platforms in the world. From 2020 to 2024, Shopify continued to expand its technological ecosystem, investing in artificial intelligence, automation, and omnichannel integration.
It strengthened strategic partnerships, expanded its app marketplace, and enhanced solutions for medium and large enterprises, solidifying its position as a global leader in e-commerce solutions.
Additional Information
The Company Shopify Inc (United States), is listed on Nasdaq with a market cap of $ 192.14 Billions, having an equity of $ 12.51 Billions.
The Company está listadathe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 10.70 Billions, which generated a profit in the amount of $ 1.78 Billion.
As for its main indicators, the Company has a P/E ratio of 107.88, a P/BV ratio of 15.36 and in the last 12 months the Company did not pay dividends.
The Company is traded internationally through the ticker SHOP.
