Shopify

Shopify Inc. is a Canadian multinational e-commerce platform provider, headquartered in Ottawa, Ontario, that supplies software for online stores and retail point-of-sale systems. It is publicly traded on the New York Stock Exchange and Toronto Stock Exchange under the symbol SHOP. As of its most recent audited financial disclosure—full-year 2024 results released on February 12, 2025—the company reported total revenue of $7.06 billion, a 26% increase over 2023, and gross merchandise volume (GMV) of $272.1 billion, a 24% year-over-year rise. The platform hosted approximately 1.75 million active merchants across more than 175 countries as of December 31, 2024. Shopify matters now because its 2024 performance, marked by sustained GMV growth and the expansion of enterprise-focused offerings like Shopify Plus and integrated payments, provides the most current verified baseline for assessing its competitive trajectory against legacy digital commerce infrastructure.

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