Shopify
Founded in 2006, Shopify (Nasdaq Global Select Market: SHOP) is a Software Development company based in Ottawa, Canada.
Shopify Inc. is a Canadian commerce company that sells the software and financial infrastructure businesses use to sell online, in physical stores, on social platforms and through AI shopping agents. Its LinkedIn profile dates the company to 2006, two years after co-founder Tobias Lütke began building the platform in September 2004. Shopify trades on the Nasdaq Global Select Market under the ticker SHOP and reported 11.56 billion dollars of revenue for fiscal 2025, up from 8.88 billion dollars in fiscal 2024. It employed approximately 7,600 people worldwide as of December 31, 2025 and runs a remote-first work environment rather than a single campus, with principal executive offices that have moved between Ottawa, New York and Las Vegas across its recent filings. Merchants in more than 175 countries sell through the platform, and gross merchandise volume reached 115.6 billion dollars in the second quarter of 2026 alone, a 32 percent increase year over year. It employs approximately 7,600 people, led by Tobias Lütke (Chief Executive Officer and Head of R&D), across roughly 7,600 tracked profiles. Firmographics, leadership, tech stack and similar companies are detailed below, as of August 2026.
Firmographics
Employees (~7,600 tracked)
Distribution estimatedTech stack
Recent signals
- Second quarter revenue of 3.583 billion dollars, up 34 percent year over year, with gross merchandise volume of 115.6 billion dollars, gross profit of 1.708 billion dollars and free cash flow of 654 million dollars at an 18 percent margin. Operating income rose 68 percent to 488 million dollars. · August 2026
- Prashanth Mahendra-Rajah resigned from the board of directors and its audit committee chair with immediate effect, having accepted a full time position with the United States Department of Commerce. Board chair and lead independent director Joe Natale is expected to chair the audit committee. · July 2026
- The address of the principal executive office on the cover of the quarterly report changed to Las Vegas, Nevada. The annual report for fiscal 2025 had listed Ottawa, Ontario and New York, New York. · August 2026
- Shopify repurchased 1.42 billion dollars of its common stock during the quarter, against no repurchases in the same quarter a year earlier. · June 2026
- Shareholders elected ten directors, reappointed PricewaterhouseCoopers LLP as auditors, held an advisory say on pay vote, and voted on a shareholder proposal regarding an artificial intelligence policy at the annual general meeting held virtually. · June 2026
- The Spring 26 Edition shipped more than 150 product updates, opened end to end agentic commerce to any developer building on Shopify, and rebuilt the platform layer underneath the app ecosystem. · June 2026
- Jessica Hertz was appointed chief operating officer, reporting to chief executive officer Tobias Lütke, after serving as the company's general counsel since 2021. · October 2025
- Kasra Nejatian, chief operating officer and vice president of product, departed his role, opening the seat Jessica Hertz was later appointed to. · September 2025
- Approximately 7,600 employees worldwide, in a remote-first work environment where teams gather periodically through local access cities, in-person team bursts and a company-wide summit. · December 2025
- Full year revenue of 11.556 billion dollars for fiscal 2025, up from 8.880 billion dollars in fiscal 2024, a 30 percent increase. · February 2026
Shopify News & media
- Shopify Delivers Big: 30%+ Growth Across GMV, Revenue, Gross Profit, and Free Cash Flow
Shopify reported second quarter revenue of 3.583 billion dollars, 34 percent growth year over year and 33 percent in constant currency, alongside 18 percent free cash flow margins. President Harley Finkelstein called it a monster quarter with more than 30 percent growth across gross merchandise volume, revenue, gross profit and free cash flow.
- Commerce now moves at the speed of culture. And anyone can move with it.
Entrepreneurs turn culture's biggest moments into something you can hold. New data shows how fast they do it, and how it shapes the way we live and connect.
- The next era of commerce, built by partners
Every partner building on Shopify is making an entrepreneurial bet. Shopify's vice president of partnerships believes AI will make that bet pay off for more people than ever.
- Shopify board member Prashanth Mahendra-Rajah resigns to join the U.S. Department of Commerce
Shopify disclosed that audit committee chair Prashanth Mahendra-Rajah resigned from the board with immediate effect after accepting a full time position with the United States Department of Commerce. Board chair Joe Natale is expected to take over the audit committee.
- The preparedness paradox: Wait for "ready," and it might never come
New data reveals the gap between feeling ready and actually starting, and what founders who crossed it want you to know.
- Shopify reports voting results of its 2026 annual general meeting
Shareholders elected ten directors, reappointed PricewaterhouseCoopers LLP as auditors, cast an advisory vote on executive compensation and voted on a shareholder proposal regarding an artificial intelligence policy.
- Selling everything, everywhere, all at once: The Spring '26 Edition
Shopify's Spring '26 Edition shipped more than 150 updates aimed at putting merchants' products everywhere people are buying.
- Agentic commerce for every developer: The Spring '26 Edition
Anyone can now build end to end agentic commerce on Shopify, and the platform underneath every app gets a foundational rebuild.
Similar companies
| Company | Revenue | Employees | HQ | Founded | Type |
|---|---|---|---|---|---|
| ~$21.5B | ~30,000+ | United States | 1982 | Public | |
| ~$37.9B | ~76,000+ | United States | 1999 | Public | |
| ~$2.8B | ~2,400+ | United States | 2005 | Public | |
| ~$1.8B | ~5,500+ | Israel | 2006 | Public | |
 Squarespace | ~$1.2B | ~1,700+ | United States | 2003 | Private |
| ~$0.33B | ~1,000+ | United States | 2009 | Public | |
| ~$1.1B | ~2,700+ | Canada | 2005 | Public | |
| ~$24.1B | ~11,000+ | United States | 2009 | Public |
Org chart
Leadership
- TL
Tobias LütkeChief Executive Officer and Head of R&Ddetails → - HF
Harley FinkelsteinPresidentdetails → - JHJessica HertzChief Operating Officerdetails →
- JHJeff HoffmeisterChief Financial Officerdetails →
- MPMikhail ParakhinChief Technology Officerdetails →
- JNJean NiehausGeneral Counseldetails →
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