Shopify Inc
- Industry
- Software & Internet
- Exchange
- US
- Country
- USA
- IPO date
- May 21, 2015
- Employees
- 7,600
- Website
- www.shopify.com
Composite valuation range · conservative $70–$95 / fair $95–$130 / optimistic $130–$165. At $126.88, Within the fair intrinsic-value range.
At publication $121.89 (May 23, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is based in Ottawa, Canada.
History
Shopify Inc. was incorporated in 2004 and is based in Ottawa, Canada, having co-founded by Tobias Lütke, who has served as CEO since 2008. Originally named Jaded Pixel Technologies Inc., it changed its name to Shopify Inc. in November 2011, and completed its IPO on May 21, 2015. In 2023 the company sold its logistics business (built partly through Deliverr), recording a $1.34 billion net impairment that included $1.438 billion of goodwill, $337 million of intangible assets, and $93 million of net assets and transaction costs. In February 2026 the board authorized a buyback of up to $2 billion, and Shopify repurchased 4.214 million shares at an average price of $121.89 in the first quarter of 2026.
Industry position
Shopify is a commerce technology company in the application software sector, serving merchants across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America through its Shopify platform. Its revenue is split into Subscription Solutions and Merchant Solutions, the latter led by Shopify Payments. In 2025 the platform facilitated GMV of $378.4 billion (up from $292.28 billion in 2024), with monthly recurring revenue of $205 million at year end; Shopify Payments penetration reached 65.6%, corresponding to payment GMV of $248.1 billion. Competitors include Wix ($1.99 billion in 2025 revenue), Commerce.com (formerly BigCommerce, $342.3 million), GoDaddy ($4.951 billion), and Amazon. The company employed 7,600 people.