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Today, the company facilitated more than $270 billion of merchandise sales through its platform in the past year, and it generated $8.2 billion of revenue for itself in the process.
As of 2024, Shopify hosts 5.6 million active stores across more than 175 countries. [3] According to the company's yearly financial report for 2023, its total revenue reached $7.1 billion, and Gross Merchandise Volume (GMV) increased 20% to $235.9 billion over the prior year. [4] Shopify is the second largest publicly traded Canadian company. [5]
Shopify trades at a market cap of $142 billion and a forward price-to-earnings ratio (P/E) of 86. Amazon's forward P/E is significantly lower at just 41. Amazon's forward P/E is significantly ...
Shopify impressed in its latest quarterly earnings report. For premium support please call: 800-290-4726 more ways to reach us
Despite the forces that push business to adapt e-commerce as a means to sell goods and products, the manner in which customers make purchases is similar in countries from these two regions. For instance, there has been an increased usage of smartphones which comes in conjunction with an increase in the overall internet audience from the regions.
The Global price level, as reported by the World Bank, is a way to compare the cost of living between different countries. It's measured using Purchasing Power Parities (PPPs), which help us understand how much money is needed to buy the same things in different places. Price level indexes (PLIs), with the world average set at 100, are ...
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[18] [15] [19] Soon after, the Snowdevil founders shifted their focus from snowboards to e-commerce and launched Shopify in 2006. [20] [21] He currently owns 7% of Shopify, which went public in 2015. [22] Despite controlling a minority of the shares outstanding, he controls a 40% voting interest in Shopify due to a two-class voting structure. [23]