Shopify Management
Management criteria checks 3/4
Shopify's CEO is Tobi Lütke, appointed in Sep 2004, has a tenure of 19.58 years. total yearly compensation is $20.00M, comprised of 0% salary and 100% bonuses, including company stock and options. directly owns 6.18% of the company’s shares, worth $5.59B. The average tenure of the management team and the board of directors is 2.9 years and 6.3 years respectively.
Key information
Tobi Lütke
Chief executive officer
US$20.0m
Total compensation
| CEO salary percentage | 0.0% |
| CEO tenure | 19.6yrs |
| CEO ownership | 6.2% |
| Management average tenure | 2.9yrs |
| Board average tenure | 6.3yrs |
Recent management updates
Recent updates
Shopify Direct Sales Should Win As Amazon Shifts Toward 'Pay To Play' Model
Apr 29The Price Is Right For Shopify Inc. (NYSE:SHOP)
Apr 02
Shopify: Aggressive Expansion Path
Mar 25Is Shopify Inc. (NYSE:SHOP) Expensive For A Reason? A Look At Its Intrinsic Value
Mar 18Shopify: Way Too Cheap For What's Coming
Mar 17Shopify (NYSE:SHOP) Is Looking To Continue Growing Its Returns On Capital
Mar 03Shopify: Disappointing Free Cash Flow Guidance, An Opportunity For Growth Investors
Feb 23Shopify Is Succeeding With Their Merchants
Feb 16Shopify: A Sanity Check Is Overdue (Rating Downgrade)
Feb 07Shopify: Strength Through Partnerships
Feb 01Shopify: It's Just Math, Decade Of Underperformance Ahead
Jan 18The 'New' Shopify Is Here
Jan 09Shopify: 3 Reasons To Buy In 2024
Jan 03What You Can Learn From Shopify Inc.'s (NYSE:SHOP) P/S
Dec 31Shopify Is A Special Company
Dec 11Is Shopify (NYSE:SHOP) Using Debt In A Risky Way?
Dec 10Shopify As An Operating System For E-Commerce
Dec 03Shopify's Q3 Earnings Beat The Odds: Is The Stock Still Overpriced Or Worth Every Penny?
Nov 06Shopify: Financial Discipline Is Taking Hold
Oct 31Shopify: Riding High On Promising Future Growth
Oct 13Shopify: Bull Run Is Likely Over
Sep 27Shopify Will Weather Cyclical Headwinds With 3 Factors Reinforcing Its Strengthening Moat
Sep 12Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?
Sep 11Shopify Can Surprise With Better Growth Trajectory
Aug 31Estimating The Intrinsic Value Of Shopify Inc. (NYSE:SHOP)
Aug 21Shopify: Soaring Profits With A 2-Pronged Approach
Aug 19Make No Mistake, Shopify's AI Opportunities Are Massive (Rating Upgrade)
Aug 13Revolutionary Q2 2023 Results Cement Shopify's Ecommerce Dominance
Aug 04Shopify Stock Is A Speculative Buy Before Earnings
Jul 25Shopify: The Rally Went Too Far
Jul 13Shopify: Living On Past Glory
Jul 07Shopify Inc.'s (NYSE:SHOP) Earnings Haven't Escaped The Attention Of Investors
Jun 22Shopify: Downgrading On Amazon Risks
Jun 19Shopify: Many Concerns Remain
Jun 13Is Shopify Stock A Buy, Sell, Or Hold After Going Up Over 50% This Year?
Jun 07Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?
Feb 24Shopify's Powerful Expansion Beyond E-Commerce
Feb 22Shopify: Closing In On Amazon 1P
Feb 16Shopify Stock Q4 Earnings Preview: What To Watch For
Feb 10Shopify: Epic Recovery Possibly Ahead
Jan 31Shopify's Runway Ahead
Jan 23Shopify: Right Company At The Wrong Price
Jan 17Shopify Is Not Afraid To Take On Amazon
Jan 11Shopify: Industry Disruptor With 60%+ Margin Of Safety
Dec 28Shopify: Expansion Into Advertising Makes It A Buy
Dec 21Shopify: Time For A Pause - No Margin Of Safety Here
Dec 10Is Now The Time To Look At Buying Shopify Inc. (NYSE:SHOP)?
Nov 23Shopify Is Adjusting To A Challenging Landscape
Nov 02Shopify: Day Of Reckoning Is Way Past
Oct 26Shopify: Q3 Earnings Could Surprise The Bears
Oct 17Shopify: Down 80%, One Of My Largest Positions
Oct 02Shopify: The Central Operating System For Business
Sep 17Shopify hires new finance chief
Sep 08Shopify: Simplifying Logistics
Aug 28Shopify: Set For A Rebound
Aug 17Shopify Stock's Outlook: Is A Rebound Possible In The Rest Of 2022?
Aug 11Shopify Remains Insanely Overvalued
Aug 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$132m |
| Sep 30 2023 | n/a | n/a | -US$1b |
| Jun 30 2023 | n/a | n/a | -US$2b |
| Mar 31 2023 | n/a | n/a | -US$2b |
| Dec 31 2022 | US$20m | US$1 | -US$3b |
| Sep 30 2022 | n/a | n/a | -US$3b |
| Jun 30 2022 | n/a | n/a | -US$2b |
| Mar 31 2022 | n/a | n/a | US$182m |
| Dec 31 2021 | US$20m | US$1 | US$3b |
| Sep 30 2021 | n/a | n/a | US$3b |
| Jun 30 2021 | n/a | n/a | US$2b |
| Mar 31 2021 | n/a | n/a | US$2b |
| Dec 31 2020 | US$15m | US$105k | US$320m |
| Sep 30 2020 | n/a | n/a | US$196m |
| Jun 30 2020 | n/a | n/a | -US$67m |
| Mar 31 2020 | n/a | n/a | -US$132m |
| Dec 31 2019 | US$11m | US$616k | -US$125m |
| Sep 30 2019 | n/a | n/a | -US$127m |
| Jun 30 2019 | n/a | n/a | -US$78m |
| Mar 31 2019 | n/a | n/a | -US$73m |
| Dec 31 2018 | US$9m | US$586k | -US$65m |
| Sep 30 2018 | n/a | n/a | -US$66m |
| Jun 30 2018 | n/a | n/a | -US$52m |
| Mar 31 2018 | n/a | n/a | -US$42m |
| Dec 31 2017 | US$8m | US$638k | -US$40m |
Compensation vs Market: Tobi's total compensation ($USD20.00M) is above average for companies of similar size in the US market ($USD13.53M).
Compensation vs Earnings: Tobi's compensation has been consistent with company performance over the past year.
CEO
Tobi Lütke (42 yo)
19.6yrs
Tenure
US$20,000,156
Compensation
Mr. Tobias Lütke, also known as Tobi, Co-founded Shopify Inc. in September 2004 and serves as its Chairman. He is an Independent Director of Coinbase Global, Inc. since February 02, 2022 and serves as Dire...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 19.6yrs | US$20.00m | 6.18% $ 5.6b | |
| President | 3.5yrs | US$10.67m | 0.0027% $ 2.5m | |
| Chief Financial Officer | 1.5yrs | US$8.76m | 0.0025% $ 2.3m | |
| VP of Product & COO | 1.6yrs | US$16.87m | 0.015% $ 13.3m | |
| General Counsel & Corporate Secretary | 3.3yrs | US$6.10m | 0.00090% $ 813.8k | |
| Director of Investor Relations | no data | no data | no data | |
| Country Head & Director- India | 2.5yrs | no data | no data | |
| GM & VP of Shopify Plus | no data | no data | no data | |
| Director of Product | no data | no data | no data | |
| Director of Product for Shopify Fulfillment Network | no data | no data | no data | |
| Product Lead of Shopify Plus | no data | no data | no data | |
| Director of UX | no data | no data | no data |
2.9yrs
Average Tenure
42yo
Average Age
Experienced Management: SHOP's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 20.3yrs | US$20.00m | 6.18% $ 5.6b | |
| Lead Independent Director | 9.3yrs | US$329.75k | 0.024% $ 22.1m | |
| Independent Director | 7.4yrs | US$315.09k | 0.0051% $ 4.6m | |
| Independent Director | 13.2yrs | no data | 0.056% $ 50.6m | |
| Independent Director | 5.3yrs | US$313.09k | 0.00086% $ 777.7k | |
| Director | 1.3yrs | US$20.66m | 0.025% $ 23.0m | |
| Independent Director | less than a year | no data | 0.000080% $ 72.3k | |
| Independent Director | 2.3yrs | US$682.41k | 0.00085% $ 768.6k |
6.3yrs
Average Tenure
51yo
Average Age
Experienced Board: SHOP's board of directors are considered experienced (6.3 years average tenure).