| Market Capitalization (Millions $) |
189,104 |
| Shares
Outstanding (Millions) |
1,303 |
| Employees |
7,600 |
| Revenues (TTM) (Millions $) |
12,366 |
| Net Income (TTM) (Millions $) |
2,274 |
| Cash Flow (TTM) (Millions $) |
539 |
| Capital Exp. (TTM) (Millions $) |
29 |
Business Description
On September 28, 2004, Shopify Inc. was established as a Canadian corporation. Shopify is a prominent provider of key internet infrastructure for commerce, providing reliable solutions to establish, grow, promote, and manage any size retail business. Shopify improves commerce for everyone by providing a platform and services that are designed for ease of use and reliability, while also providing a better shopping experience for customers worldwide. Merchants may run their businesses across all of their sales channels, including web and mobile storefronts, physical retail locations, social network shops, and marketplaces, using the companys platform.
The Shopify platform provides merchants with a single view of their business and customers across all of their sales channels and enables them to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing, all from one integrated back office.
The Company generates merchant solutions revenue by providing additional services to merchants to increase their use of the platform. The Company earns merchant solutions revenue relating to Shopify Payments, Shopify Shipping, other transaction services, referral fees, the sale of POS hardware, advertising revenue on the Shopify App Store, Shopify Email, Shopify Capital, Shop Pay Installments, Shopify Balance, Shopify Fulfillment Network, collaborative warehouse fulfillment solutions, non-cash consideration obtained for services rendered as part of strategic partnerships, and Shopify Markets.
Arrangements with merchants do not provide the merchants with the right to take possession of the software supporting the Company's hosting platform at any time and are therefore accounted for as service contracts. The Company's subscription service contracts do not provide for refunds or any other rights of return to merchants in the event of cancellations.
The Company determines the standalone selling price by considering its overall pricing objectives and market conditions. Significant pricing practices taken into consideration for our subscription solutions include discounting practices, the size and volume of our transactions, the customer demographic, the geographic area where services are sold, price lists, our go-to-market strategy, historical standalone sales and contract prices. The determination of standalone selling prices is made through consultation with and approval by our management, taking into consideration our go-to-market strategy. As the Companys go-to-market strategies evolve, the Company may modify its pricing practices in the future, which could result in changes in relative standalone selling prices.
Merchant solutions revenue is generated by providing additional services to merchants in order to increase their use of the platform. Shopify Payments, Shopify Shipping, other transaction services, referral fees, the sale of POS hardware, advertising revenue on the Shopify App Store, Shopify Email, Shopify Capital, Shop Pay Installments, Shopify Balance, Shopify Fulfillment Network, collaborative warehouse fulfillment solutions, non-cash consideration obtained for services rendered as part of strategic partnerships, and Shopify Markets are all sources of merchant solutions revenue for the Company.
Company Address: 151 O Connor Street, Ground Floor Ottawa, 0 ON
Company Phone Number: 241-2828 x 1045 Stock Exchange / Ticker: NASDAQ SHOP
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2.8% 