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Shopify Inc. (SHOP)
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Shopify Inc. (SHOP) Revenue

The annual revenue for Shopify Inc. (SHOP) is $11.56 Billion with a year-over-year growth of +30.14%. Revenue represents the total income generated from the company's primary business operations.

Annual Revenue (TTM)

$11.56B

$11.56 Billion

Year-over-Year Growth

+30.14%

vs. $8.88B prior year

Revenue CAGR

+29.11%

5 Year compound annual growth rate

Revenue CAGR (Compound Annual Growth Rate)

1 Year

+31.87%

3 Year

+27.94%

5 Year

+29.11%

10 Year

+48.29%

15 Year

N/A

20 Year

N/A

CAGR shows the annualized growth rate over the specified period, smoothing out year-to-year volatility.

Annual Revenue History

YearRevenueYoY Change% Change
2025$11.56B+$2.68B+30.14%
2024$8.88B+$1.82B+25.78%
2023$7.06B+$1.46B+26.07%
2022$5.60B+$988.14M+21.43%
2021$4.61B+$1.68B+57.43%
2020$2.93B+$1.35B+85.63%
2019$1.58B+$504.94M+47.05%
2018$1.07B+$399.93M+59.40%
2017$673.30M+$283.97M+72.94%
2016$389.33M+$184.10M+89.70%

Revenue Growth Summary

TTM Growth

+31.87%

3-Year Avg Growth

+27.94%

5-Year Avg Growth

+29.11%

Data as of Wednesday, June 10, 2026

About Shopify Inc.

Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.

Ottawa, ON
8,100 employees
Technology / Software - Application
Sector
Technology
Industry
Software - Application
CEO
Tobias Lutke