Shopify
Shopify provides a comprehensive commerce platform and a suite of services that enable merchants of all sizes to design, set up, and manage their stores across multiple sales channels. The company's value proposition centers on a unified back-office system that integrates mobile, web, social media, and physical retail locations into a single cloud-based interface.
Financials
Based on Q1 2026 filing
Revenue
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Merchant Solutions
primaryOffers a broad range of additional services that complement the core platform to help merchants operate their businesses. Revenue is primarily success-based and scales with the Gross Merchandise Volume processed by merchants.
Shopify Payments, Shopify Capital, Shopify Shipping, Shopify Collective, Shopify Audiences
Active Platform Merchants, Retailers, Direct-to-Consumer Brands
Subscription Solutions
majorProvides merchants with access to the core commerce platform through various subscription plans. This segment focuses on recurring revenue from platform access and additional software-based tools.
Shopify Plus, Shopify POS, Shopify App Store
Small and Medium Businesses, Enterprise Brands, Entrepreneurs
Segment Financials
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Competitive Position
Shopify is a leading global commerce provider known for its extensive ecosystem of third-party apps and its ability to scale from solo entrepreneurs to large enterprise brands.
Geographies
Global, North America, Europe, Asia-Pacific
Customer Segments
SMB, Enterprise, Retailers
Upstream Dependencies
Cloud hosting providers, Financial institutions and payment networks, Open source software communities, Hardware manufacturers for POS devices
Downstream Customers
Direct-to-consumer brands, Brick-and-mortar retailers, Wholesale distributors, Global enterprise corporations
Competitors & Partners
Competitors
Partners
Stripe
Key partner providing the underlying infrastructure for Shopify Payments
Alphabet Inc.
GOOGL
Integration partner for marketing and search discovery
Meta Platforms, Inc.
META
Social commerce integration partner for Facebook and Instagram
Amazon
AMZN
Integration partner for marketplace selling and fulfillment options
Subsidiaries
Shopify Payments (various entities)
Internal payment processing entities
Shopify FAQ
Common questions about Shopify
Shopify provides a comprehensive commerce platform and a suite of services that enable merchants of all sizes to design, set up, and manage their stores across multiple sales channels. The company's value proposition centers on a unified back-office system that integrates mobile, web, social media, and physical retail locations into a single cloud-based interface.
Shopify (SHOP) has a market capitalization of $133.66B and trades on NYSE.
Shopify generated $12.4B in trailing twelve-month revenue with net income of $1.3B, representing a net margin of 10.8%. Gross margin stands at 48.0%, with free cash flow of $2.1B. These figures are based on the Q1 2026 filing.
Shopify's key competitors include Block, Inc., eBay Inc, Salesforce, and others. These companies compete in similar markets and product categories.
Shopify has approximately 11,600 employees.