Shopify

Shopify provides a cloud commerce platform. Wikipedia says it was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake, grew out of a snowboard shop the founders started in 2004, and is based in Ottawa, Ontario. Lütke is chief executive and Harley Finkelstein is president. It trades on the TSX and Nasdaq as SHOP.

Numbers (Wikipedia)

• 2025 revenue of $11.6 billion, up 30% from 2024; operating income $1.47 billion; net income $1.23 billion; 7,600 employees.
• $292.3 billion in transactions processed in 2024, 57% of it in the US.

Products

Shopify Payments (2013), Shopify Plus for large businesses (2014), Shopify Capital (2016), Shop Pay (2017), the App Store (2009), the Hydrogen headless storefront framework (2021) and the Universal Commerce Protocol, co-developed with Google in January 2026. Shopify’s page for Shopify Plus describes a “commerce operating system” and cites its own figures such as 10,000+ checkouts per minute and 99.99% average uptime.

Notable events

Shopify cut about 10% of its workforce in July 2022 and about 20% in May 2023, when it sold its logistics arm to Flexport; it announced a $2 billion share buyback in February 2026.