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 |