Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake. Lütke, a computer programmer by trade, was operating his own online store when he realized that the existing e-commerce products available at the time were insufficient. He developed his own solution, which he launched in 2006.
Shopify has been profitable since 2015. In 2019, it reported US$1.58 billion in revenue with gross merchandise volume exceeding US$41.1 billion.
It has been publicly traded on the Toronto Stock Exchange since May 2015 and on the New York Stock Exchange since September 2015.
PRO TIP: Will Shopify Pay a Dividend?
It is not clear if Shopify will pay a dividend in the future. The company has been growing rapidly and has reinvested most of its profits back into the business. While this strategy can help fuel long-term growth, it leaves shareholders without a regular income stream in the form of dividends.
Will Shopify Pay a Dividend?
It’s possible that Shopify may pay a dividend in 2020 as it has become profitable and cash flow positive in recent years. However, given that it is still a relatively young company with high growth potential, it is more likely that any excess cash will be reinvested back into the business to fuel future growth.
6 Related Question Answers Found
Shopify is a platform for businesses of all sizes to create an online store. It offers users a customizable platform, an easy-to-use checkout process, and a wide range of features. One of the questions that potential Shopify users often ask is whether Shopify charges for every transaction.
Shopify is a platform for businesses of all sizes to create an online store. Shopify offers users a customizable platform, an easy-to-use checkout process, and a wide range of features. One of the questions we often hear from potential Shopify users is “does Shopify charge per transaction?”
The short answer is no – Shopify does not charge per transaction.
Shopify is scheduled to report its first-quarter earnings after the bell on Thursday, and analysts are expecting the ecommerce company to beat earnings. Shopify is a Canadian ecommerce company that offers online retailers a platform to sell their products. The company went public in 2015 and has since been one of the hottest stocks on the market.
Shopify Payments is one of the easiest ways to accept payments online. It’s simple to set up and you can be up and running in minutes. There are no setup fees and no monthly fees.
Shopify is a well-known ecommerce platform that allows business owners to create an online store. It offers a wide range of features, including a user-friendly platform, an easy-to-use checkout process, and a wide range of payment options. One of the main advantages of using Shopify is its low startup cost.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.”
The company reports that it has more than 377,500 active stores in 175 countries, and has processed more than $155 billion in gross merchandise volume (GMV) through its platform as of December 2019.
