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How Much Money Has Shopify Made?

Last updated on October 1, 2022 @ 5:53 pm

Shopify is an ecommerce platform that enables entrepreneurs to start their own online stores. Shopify has made it possible for anyone to start an online store, regardless of their technical skills or experience.

Shopify is a Canadian company, founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake. Shopify was originally created as an online store for Lütke’s snowboarding shop, but the platform soon expanded to allow anyone to create an online store.

Shopify is now a publicly traded company on the New York Stock Exchange (NYSE: SHOP). As of March 2020, Shopify has a market capitalization of $19.6 billion.

PRO TIP: This note is to warn you about the potential risks of reading articles with headlines like “How Much Money Has Shopify Made?”

While it’s true that Shopify is a very successful company, and that they have made a lot of money, reading articles with headlines like this can be dangerous.

The reason why is because it can give you a false sense of security about Shopify, and make you think that they are invincible.

In reality, no company is invincible, and Shopify is no exception. They could make a mistake that causes their stock to crash, or they could be hit by a lawsuit that could bankrupt them.

So while it’s fine to read articles about how much money Shopify has made, just remember that their success is not guaranteed, and that they could lose everything just as easily as they gained it.

In 2019, Shopify’s revenue was $1.58 billion, an increase of 47% from 2018. Shopify’s net income in 2019 was $257 million, an increase of 154% from 2018.

Shopify has over 1 million active merchants using its platform, and these merchants have collectively generated over $200 billion in gross merchandise volume (GMV) through Shopify. In 2019, Shopify merchants generated $41 billion in GMV, an increase of 42% from 2018.

Shopify is the fastest growing company in North America and it is also the most valuable Canadian technology company.

Drew Clemente

Drew Clemente

Devops & Sysadmin engineer. I basically build infrastructure online.