Valuation
$900M
2024 Revenue
$8.2B
Customers
2.6M
Funding
$122.3M
Avg ACV
$3.2K
Team
8.3K
Profits
$1
Churn
10%
How Shopify CEO Tobias Lütke grew Shopify to $8.2B revenue and 2.6M customers in 2024.
Shopify is a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses.
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Shopify Revenue
In 2024, Shopify's revenue reached $8.2B. The company previously reported $2.9B in 2020. Since its launch in 2004, Shopify has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Shopify Hit $8.2b revenue in January 2024 |
| 2020 | Shopify Hit $2.9b revenue in January 2020 |
| 2013 | Shopify Hit $1.2b revenue in December 2013 |
| 2004 | Launched with $0 revenue |
Shopify Valuation, Funding Rounds
Shopify reached a $900M valuation in 2013, set during its Series C round.
Shopify has raised $122.3M in total funding across 4 rounds, most recently a $100M Series C round in 2013.
| Year | Round | Amount | Valuation | % Sold |
|---|---|---|---|---|
| 2013 | Series C | $100M | $900M | 11% |
| 2011 | Series B | $15M | - | - |
| 2010 | Series A | $7M | - | - |
| 2007 | Seed Round | $250K | $2.8M | 9% |
Shopify Employees & Team Size
Shopify employs approximately 8.3K people as of 2026, down from 11.9K in 2013.
Shopify has 8.3K total employees in different roles and functions and 883 sales reps that carry a quota. They have 2.6M customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 8.3K employees (December 2024) |
| 2013 | Reached 11.9K employees (December 2013) |
Founder / CEO
Tobias Lütke
Tobi Lütke founded Shopify in 2004. He has served as the Chief Executive Officer since 2008. Tobi worked on the core team of the Ruby on Rails framework and has created many popular open source libraries such as Active Merchant.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Shopify acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Shopify
What is Shopify's revenue?
Shopify generates $8.2B in revenue.
Who founded Shopify?
Shopify was founded by Tobias Lütke.
Who is the CEO of Shopify?
The CEO of Shopify is Tobias Lütke.
How much funding does Shopify have?
Shopify raised $122.3M.
How many employees does Shopify have?
Shopify has 8.3K employees.
Where is Shopify headquarters?
Shopify is headquartered in Ottawa, Ontario, Canada.
Compare Shopify to the industry
Shopify operates across multiple industries. Browse revenue, funding, and growth data for Shopify in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .