- Business
- Shopify Inc. (Ticker: 307.F) provides a cloud-based commerce platform that enables merchants to start, scale, market, and run retail businesses of all sizes online, in physical stores, and across multiple channels worldwide. Founded in 2006 and headquartered in Ottawa, Ontario, Canada, the company offers core products and services including the Shopify platform for building customizable online stores with AI-powered design tools, inventory management, order processing, and payments; Shopify Payments for integrated payment processing without third-party gateways; Shopify POS for point-of-sale systems syncing online and offline sales; Shopify Plus for enterprise merchants with advanced scalability, API limits, and dedicated support; Shopify Checkout, a fast and customizable checkout optimized for conversions; Shop Pay, a one-click accelerated checkout with over 150 million users; Shopify Email for marketing campaigns; Shopify Shipping and Markets for international fulfillment and localization; Shopify Admin for centralized back-office management; and a robust App Store with over 16,000 apps covering marketing automation, sales channels like Amazon and TikTok, inventory tools, customer engagement, analytics, and checkout customizations such as Checkout Blocks. The platform supports dropshipping, print-on-demand, wholesale via integrations like Faire, and multichannel selling across desktop, mobile, social media, and in-person, serving over 5 million customers including major brands like Tesla, LVMH, Nestlé, PepsiCo, and Whole Foods Market, with operations in more than 175 countries and 57% of 2024's US$292.3 billion in processed transactions occurring in the United States. Recent developments include transferring its U.S. listing from the NYSE to the Nasdaq Global Select Market in March 2025, becoming a Nasdaq-100 component in May 2025, and achieving record-breaking $14.6 billion in Black Friday-Cyber Monday sales for merchants in 2025; strategic partnerships such as with Google Cloud and Cognizant in April 2024 for end-to-end digital commerce, expanded PayPal integration in September 2024 for streamlined processing, Adyen in June 2023 for global enterprises, and Anatta in January 2025 for migrations; acquisitions of Checkout Blocks and Threads in June 2024 to enhance checkout extensibility and business communication; onboarding partners like Pivotree in August 2024; a $100 million investment in Klaviyo in 2022 naming it the recommended email partner for Shopify Plus; selling its logistics arm including Deliverr to Flexport in May 2023, securing a 13% stake and preferred partnership status; migrating all apps to React Native over the last five years for cross-platform code efficiency; and Q2 2025 revenue of $2.68 billion with 31% growth driven by international and enterprise gains.