Shopify was launched as a simple e-commerce platform that allowed users to create their own online stores.
Introduced the Shopify App Store, allowing developers to create apps to extend Shopify's core functionality.
Launched Shopify Payments, enabling merchants to process payments directly through Shopify.
Shopify went public on the New York Stock Exchange (NYSE) under the ticker symbol "SHOP".
Shopify Plus was introduced as an enterprise solution for high-growth businesses, offering advanced features and scalability.
Shopify expanded its ecosystem by launching the Shopify Fulfillment Network to streamline order fulfillment for merchants.
Due to the COVID-19 pandemic, Shopify saw a massive increase in new merchants and total sales.
Shopify App Store reached over 6,000 apps, offering extensive integrations for merchants.
Launched Shopify Hydrogen for building custom storefronts and Shopify Oxygen for hosting Hydrogen apps.
Introduced Shopify Markets, simplifying cross-border commerce for global merchants.
Over 4 million merchants, more than $600 billion in GMV, and continued innovations in e-commerce.
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.
On March 18, 2025, Shopify announced it would transfer its U.S. listing from the NYSE to the Nasdaq Global Select Market. Shopify began trading as a Nasdaq-listed security on March 31, and became a component of the Nasdaq-100 index on May 19 at the stock market open.
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."
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.
