Shopify's Growth and Milestone Infographic

Infographic showing the growth and milestones of Shopify from its inception to the present day.

2006Shopify Launch

Shopify was launched as a simple e-commerce platform that allowed users to create their own online stores.

2009Shopify App Store

Introduced the Shopify App Store, allowing developers to create apps to extend Shopify's core functionality.

2013Shopify Payments

Launched Shopify Payments, enabling merchants to process payments directly through Shopify.

2015Shopify IPO

Shopify went public on the New York Stock Exchange (NYSE) under the ticker symbol "SHOP".

2017Shopify Plus

Shopify Plus was introduced as an enterprise solution for high-growth businesses, offering advanced features and scalability.

2019Shopify Fulfillment Network

Shopify expanded its ecosystem by launching the Shopify Fulfillment Network to streamline order fulfillment for merchants.

2020Explosion in E-commerce

Due to the COVID-19 pandemic, Shopify saw a massive increase in new merchants and total sales.

2021Shopify's Ecosystem Growth

Shopify App Store reached over 6,000 apps, offering extensive integrations for merchants.

2022Hydrogen & Oxygen

Launched Shopify Hydrogen for building custom storefronts and Shopify Oxygen for hosting Hydrogen apps.

2023Shopify Markets

Introduced Shopify Markets, simplifying cross-border commerce for global merchants.

2024Shopify's Continued Growth

Over 4 million merchants, more than $600 billion in GMV, and continued innovations in e-commerce.

2024Shopify Share Decline

In May 2024, Shopify share prices declined by the most in the stock's history after the company reported a surprise loss in the first quarter and warned that the sale of the logistics business would shrink revenue growth. Share prices recovered to February 2024 levels by October of that year, still below all-time highs in late 2021.

2025US-Canada Trade War

In 2025, Shopify founder and CEO Tobias Lütke criticized the federal Canadian government for its decision to impose retaliatory tariffs on the United States after President Donald Trump enacted 25% tariffs on Canadian goods. Lütke defended Trump's decision to put tariffs on Canada, saying, "Trump believes that Canada has not held its side of the bargain, and he set terms to prove that we still work together: get the borders under control and crack down on fentanyl dens." Shopify chief operating officer Kaz Nejatian also defended Trump's tariffs, writing, "Canada has turned a blind eye to being used as a training ground for foreign countries, gangs and terrorist groups."

Frequently Asked Questions About Shopify E-commerce

Find Answers About Shopify

Get answers to common questions about Shopify, Shopify's history, features, and more. Learn about Shopify's growth and milestones, Shopify Plus, the Shopify Plus Development, and other key aspects of the platform.

What is Shopify?
Shopify is an e-commerce platform that allows businesses to create and manage online stores. It provides a range of tools and features to help merchants sell products and services online.
When was Shopify founded?
Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand, and Scott Lake.
What is Shopify Plus?
Shopify Plus is an enterprise-level e-commerce solution designed for high-growth businesses. It offers advanced features, scalability, and customization options.
What is the Shopify App Store?
The Shopify App Store is a marketplace where developers can create and sell apps that extend Shopify's core functionality. Merchants can use these apps to add new features and integrations to their online stores.
What is the Shopify Fulfillment Network?
The Shopify Fulfillment Network is a service that helps merchants manage and fulfill orders more efficiently. It provides warehousing, shipping, and logistics solutions to streamline the order fulfillment process.
What is Shopify Hydrogen and Oxygen?
Shopify Hydrogen is a framework for building custom storefronts, while Shopify Oxygen is a hosting platform for Hydrogen apps. Together, they provide a flexible and scalable solution for creating unique e-commerce experiences.
What is Shopify Markets?
Shopify Markets is a feature that simplifies cross-border commerce for global merchants. It helps businesses expand into new markets and reach customers around the world.
How many merchants use Shopify?
As of 2024, Shopify has over 4 million merchants worldwide, ranging from small businesses to large enterprises.
How much GMV does Shopify process?
Shopify processes over $600 billion in Gross Merchandise Volume (GMV) annually, making it one of the largest e-commerce platforms in the world.
What are some of Shopify's key milestones?
Some of Shopify's key milestones include its launch in 2006, the introduction of the Shopify App Store in 2009, the launch of Shopify Payments in 2013, Shopify's IPO in 2015, the introduction of Shopify Plus in 2017, the launch of the Shopify Fulfillment Network in 2019, and the introduction of Shopify Markets in 2023. Shopify has continued to grow and innovate in the e-commerce space, reaching over 4 million merchants and processing over $600 billion in GMV annually by 2024.

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