Last updated
    Shopify
    e-commerce, online marketplace

    Shopify

    Canada flagCanada

    "The commerce platform that lets anyone start, run, and grow a business."

    Founded 2006 Ottawa, Ontario, Canada CEO: Tobias Lütke
    Community

    About

    Shopify is a Canadian multinational e-commerce company headquartered in Ottawa, best known for providing a platform that enables businesses to create and run online stores. The company offers a comprehensive suite of tools that allow merchants to build websites, manage products and inventory, process payments, handle shipping and operate point-of-sale systems, making it possible for businesses of all sizes, from small startups to large enterprises, to sell goods online and in person. Shopify has grown into one of the dominant forces in e-commerce technology, serving millions of merchants around the world and processing enormous volumes of transactions, a substantial share of which originate in the United States. Its customer base ranges from individual entrepreneurs and small businesses to major global brands across many industries. The platform is widely praised for its ease of use, accessibility and reasonable fee structure, qualities that have made it an especially popular choice for new businesses and earned it a reputation as a go-to solution for launching an online store. By lowering the barriers to setting up an online business, Shopify has played a significant role in democratizing e-commerce and empowering independent merchants to compete in the digital marketplace. Though it has faced some criticism over various business matters, it remains a powerhouse in its field. Influential, widely used and merchant-focused, Shopify stands as one of the leading e-commerce platforms in the world and a major enabler of online retail.

    Products & Sub-brands

    Shopify Online StoreShopify POSShopify PaymentsShopify ShippingShopify CapitalShopify PlusShopify MarketsShopify FlowShopify InboxShopify BalanceShopify Fulfillment NetworkLiquid template languageSidekick AI assistant

    Frequently Asked Questions

    Who owns Shopify?
    Shopify is a publicly traded company (TSX: SHOP, Nasdaq: SHOP) owned by its shareholders. The largest individual shareholder is co-founder and CEO Tobias Lütke, who maintains significant control through his ownership of Class B shares with superior voting rights.
    Who is the CEO of Shopify?
    Tobias Lütke is the CEO and co-founder of Shopify. He has led the company since its founding in 2006 and is widely regarded as a visionary leader whose technical background and entrepreneurial philosophy shape the company's culture and strategy.
    How much is Shopify worth?
    As of fiscal year 2025, Shopify reported annual revenue of $11.6 billion and total assets of $15.2 billion. The company's market capitalization fluctuates with stock market conditions, but it consistently ranks among the most valuable Canadian publicly traded companies.
    Shopify vs WooCommerce: Which is better?
    Shopify leads with 26.2% of e-commerce sites versus WooCommerce's 20.1%. Shopify offers an all-in-one hosted solution with ease of use and integrated payments, while WooCommerce is an open-source WordPress plugin offering more customization but requiring more technical management.
    Is Shopify still in business?
    Yes, Shopify is actively growing. In 2025, the company generated $11.6 billion in revenue, processed $378 billion in GMV, and served over 5 million merchants across 175+ countries. It remains the #1 e-commerce platform in the United States with approximately 30% market share.

    Keywords

    e-commerce platformonline store builderShopify Pluspoint of salepayment processinginventory managementdropshippingretail technologyCanadian tech companySaaS

    Sources

    Company Info

    Founded
    2006
    Founder
    Tobias Lütke
    CEO
    Tobias Lütke
    Headquarters
    Ottawa, Ontario, Canada
    Industry
    e-commerce, online marketplace
    Revenue
    $11.6 billion (FY 2025)
    Employees
    7600
    Revenue (FY 2025)
    $11.6 billion
    Stock Symbol
    TSX: SHOP, Nasdaq: SHOP
    GMV (2025)
    $378 billion

    Official Website

    www.shopify.com

    Join the community

    fans discussing