Shopify

INVESTOR RELATIONS

Powering Entrepreneurship Everywhere

Shopify exists to make commerce better for everyone. We're the platform that turns the hardest parts of building a business into simple, powerful tools—so anyone, anywhere can start, scale, and thrive. Our business model is simple: when our merchants win, we win. Relentless innovation keeps Shopify and our merchants ahead of the curve. That's how we grow—by making sure our merchants do.

Why invest in Shopify?Latest Earnings

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Why invest in Shopify?

A leading unified operating system powering the future of commerce for millions

We build the platform that makes starting and growing a business possible for anyone, anywhere. We deliver incredible value by turning complexity into simple, powerful tools. As commerce and technology shift, Shopify adapts—so our merchants don’t just keep up, they lead. That’s how we create durable growth for our business and theirs.

Millions

of merchants in 175+ countries

$1.6T

Cumulative GMV¹

>14%

US ecommerce market share²

Enabling entrepreneurship at scale

Embedded merchant trust

Expanding Total Addressable Market

Cohorts that strengthen over time

Building the foundation to power the future of agentic commerce

One platform, every surface

Innovation and product velocity

Strong ecosystem and best-in-class partnerships

Conversion engine at checkout

Compounding growth at scale

Built to scale

Durable cash generation

¹Cumulative Shopify GMV since Shopify’s inception.
²The US ecommerce market is based on US Census Bureau data (Quarterly Retail E-Commerce Sales, not adjusted) for 2025. Shopify market share represents sales by Shopify merchants based on Shopify’s 2025 US GMV (excluding merchant sales made through POS).