Shopify Inc.

BMV:SHOP N Stock Report

Market Cap: Mex$2.9t

Shopify Management

Management criteria checks 3/4

Shopify's CEO is Tobi Lütke, appointed in Sep 2004, has a tenure of 20.25 years. total yearly compensation is $20.00M, comprised of 0% salary and 100% bonuses, including company stock and options. directly owns 6.16% of the company’s shares, worth MX$176.96B. The average tenure of the management team and the board of directors is 3.5 years and 4.5 years respectively.

Key information

Tobi Lütke

Chief executive officer

US$20.0m

Total compensation

CEO salary percentage0.0%
CEO tenure20.3yrs
CEO ownership6.2%
Management average tenure3.5yrs
Board average tenure4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tobi Lütke's remuneration changed compared to Shopify's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$1b

Jun 30 2024n/an/a

US$1b

Mar 31 2024n/an/a

-US$209m

Dec 31 2023US$20mUS$1

US$132m

Sep 30 2023n/an/a

-US$1b

Jun 30 2023n/an/a

-US$2b

Mar 31 2023n/an/a

-US$2b

Dec 31 2022US$20mUS$1

-US$3b

Sep 30 2022n/an/a

-US$3b

Jun 30 2022n/an/a

-US$2b

Mar 31 2022n/an/a

US$182m

Dec 31 2021US$20mUS$1

US$3b

Sep 30 2021n/an/a

US$3b

Jun 30 2021n/an/a

US$2b

Mar 31 2021n/an/a

US$2b

Dec 31 2020US$15mUS$105k

US$320m

Sep 30 2020n/an/a

US$196m

Jun 30 2020n/an/a

-US$67m

Mar 31 2020n/an/a

-US$132m

Dec 31 2019US$11mUS$616k

-US$125m

Sep 30 2019n/an/a

-US$127m

Jun 30 2019n/an/a

-US$78m

Mar 31 2019n/an/a

-US$73m

Dec 31 2018US$9mUS$586k

-US$65m

Sep 30 2018n/an/a

-US$66m

Jun 30 2018n/an/a

-US$52m

Mar 31 2018n/an/a

-US$42m

Dec 31 2017US$8mUS$638k

-US$40m

Compensation vs Market: Tobi's total compensation ($USD20.00M) is above average for companies of similar size in the MX market ($USD5.72M).

Compensation vs Earnings: Tobi's compensation has been consistent with company performance over the past year.

CEO

Tobi Lütke (43 yo)

20.3yrs

Tenure

US$20,000,008

Compensation

Mr. Tobias Lütke, also known as Tobi, Co-founded Shopify Inc. in September 2004 and serves as its Chairman and Head of R&D. He is an Independent Director of Coinbase Global, Inc. since February 02, 2022 an...

Leadership Team

NamePositionTenureCompensationOwnership
Tobias Lütke
Founder20.3yrsUS$20.00m6.16%
MX$ 177.0b
Harley Finkelstein
President4.2yrsUS$7.26m0.00015%
MX$ 4.3m
Jeff Hoffmeister
Chief Financial Officer2.2yrsUS$1.00m0.0031%
MX$ 88.5m
Kasra Nejatian
VP of Product & COO2.3yrsUS$76.00m0.018%
MX$ 519.1m
Jessica Hertz
General Counsel & Corporate Secretary3.9yrsUS$8.85m0.00052%
MX$ 14.9m
Carrie Gillard
Director of Investor Relationsno datano datano data
Bharati Balakrishnan
Country Head & Director- India3.2yrsno datano data
Loren Padelford
GM & VP of Shopify Plusno datano datano data
Arpan Podduturi
Director of Productno datano datano data
Thomas Epting
Director of Product for Shopify Fulfillment Networkno datano datano data
Katie Cerar
Product Lead of Shopify Plusno datano datano data
Cynthia Saucier
Director of UXno datano datano data

3.5yrs

Average Tenure

43yo

Average Age

Experienced Management: SHOP N's management team is considered experienced (3.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Tobias Lütke
Founder20.9yrsUS$20.00m6.16%
MX$ 177.0b
Robert Ashe
Lead Independent Director10yrsUS$346.15k0.018%
MX$ 526.6m
Gail Goodman
Independent Director8.1yrsUS$315.02k0.0054%
MX$ 155.8m
Jeremy Levine
Independent Director13.8yrsno data0.056%
MX$ 1.6b
Colleen Johnston
Independent Director5.9yrsUS$313.02k0%
MX$ 0
Toby Shannan
Director1.9yrsUS$680.16k0.024%
MX$ 700.2m
James Scott
Directorless than a yearno datano data
Prashanth Mahendra-Rajah
Independent Directorless than a yearno data0.000010%
MX$ 287.4k
Fidji Simo
Independent Director3yrsUS$300.04k0.0011%
MX$ 31.6m
Lulu Meservey
Independent Directorless than a yearno datano data

4.5yrs

Average Tenure

53yo

Average Age

Experienced Board: SHOP N's board of directors are considered experienced (4.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 08:45
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Shopify Inc. is covered by 80 analysts. 46 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Richard KramerArete Research Services LLP
Rocco StraussArete Research Services LLP