Shopify Inc.

NYSE:SHOP Stock Report

Market Cap: US$140.8b

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 $8.67B. 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

Is Shopify (NYSE:SHOP) A Risky Investment?

Dec 14
Is Shopify (NYSE:SHOP) A Risky Investment?

Shopify Stock Is A Black Friday Beneficiary That Faces Key Test In Q4

Dec 10

Shopify: Wait For The Buy Zone

Nov 22

Can Shopify Re-Rate Higher After The Q3 2024 Earnings Outperformance Rally?

Nov 12

Shopify: One Of The Best E-Commerce Platforms But Too Expensive

Oct 28

Estimating The Fair Value Of Shopify Inc. (NYSE:SHOP)

Oct 18
Estimating The Fair Value Of Shopify Inc. (NYSE:SHOP)

Shopify: More Upside Ahead, But Look For Exits Soon (Rating Downgrade)

Oct 16

Shopify: There Is A Light At The End Of The Tunnel (Rating Upgrade)

Oct 03

How Shopify Is Disrupting Lending And Driving Massive Stock Growth

Sep 27

Shopify: Optimistic Guidance Drives A Sharp Rise In Stock Price

Sep 13

Shopify Continues Increasing Operating Income

Sep 06

Why Investors Shouldn't Be Surprised By Shopify Inc.'s (NYSE:SHOP) 36% Share Price Surge

Sep 01
Why Investors Shouldn't Be Surprised By Shopify Inc.'s (NYSE:SHOP) 36% Share Price Surge

Shopify's Unseen Advantage: Strong Earnings In A Weak Consumer Environment

Aug 22

Shopify (NYSE:SHOP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Aug 20
Shopify (NYSE:SHOP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Shopify: Strong Returns Still Ahead, Buy Before It's Too Late

Aug 16

Shopify: Solid Value For Growth Investors

Aug 09

Shopify Q2 Earnings Preview: Don't Ignore The Enterprise Customer Tailwind

Jul 29

Shopify: The Market Leader Deserves A Premium

Jul 19

Revenues Tell The Story For Shopify Inc. (NYSE:SHOP)

Jul 16
Revenues Tell The Story For Shopify Inc. (NYSE:SHOP)

We Like These Underlying Return On Capital Trends At Shopify (NYSE:SHOP)

Jun 28
We Like These Underlying Return On Capital Trends At Shopify (NYSE:SHOP)

Buy Shopify Before The Rebound (Technical Analysis)

Jun 24

Shopify: Beyond The Short-Term Noise, A Long-Term Growth Story, Buy

Jun 06

Shopify: The Powerhouse Of Next-Generation Commerce

May 20

Shopify: Multiple Compression Should Matter In Coming Years

May 06

Shopify (NYSE:SHOP) Has A Rock Solid Balance Sheet

May 03
Shopify (NYSE:SHOP) Has A Rock Solid Balance Sheet

Shopify Direct Sales Should Win As Amazon Shifts Toward 'Pay To Play' Model

Apr 29

The Price Is Right For Shopify Inc. (NYSE:SHOP)

Apr 02
The Price Is Right For Shopify Inc. (NYSE:SHOP)

Shopify: Aggressive Expansion Path

Mar 25

Is Shopify Inc. (NYSE:SHOP) Expensive For A Reason? A Look At Its Intrinsic Value

Mar 18
Is Shopify Inc. (NYSE:SHOP) Expensive For A Reason? A Look At Its Intrinsic Value

Shopify: Way Too Cheap For What's Coming

Mar 17

Shopify (NYSE:SHOP) Is Looking To Continue Growing Its Returns On Capital

Mar 03
Shopify (NYSE:SHOP) Is Looking To Continue Growing Its Returns On Capital

Shopify: Disappointing Free Cash Flow Guidance, An Opportunity For Growth Investors

Feb 23

Shopify Is Succeeding With Their Merchants

Feb 16

Shopify: A Sanity Check Is Overdue (Rating Downgrade)

Feb 07

Shopify: Strength Through Partnerships

Feb 01

Shopify: It's Just Math, Decade Of Underperformance Ahead

Jan 18

The 'New' Shopify Is Here

Jan 09

Shopify: 3 Reasons To Buy In 2024

Jan 03

What You Can Learn From Shopify Inc.'s (NYSE:SHOP) P/S

Dec 31
What You Can Learn From Shopify Inc.'s (NYSE:SHOP) P/S

Shopify Is A Special Company

Dec 11

Shopify As An Operating System For E-Commerce

Dec 03

Shopify's Q3 Earnings Beat The Odds: Is The Stock Still Overpriced Or Worth Every Penny?

Nov 06

Shopify: Financial Discipline Is Taking Hold

Oct 31

Shopify: Riding High On Promising Future Growth

Oct 13

Shopify: Bull Run Is Likely Over

Sep 27

Shopify Will Weather Cyclical Headwinds With 3 Factors Reinforcing Its Strengthening Moat

Sep 12

Shopify Can Surprise With Better Growth Trajectory

Aug 31

Shopify: Soaring Profits With A 2-Pronged Approach

Aug 19

Make No Mistake, Shopify's AI Opportunities Are Massive (Rating Upgrade)

Aug 13

Revolutionary Q2 2023 Results Cement Shopify's Ecommerce Dominance

Aug 04

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 ($USD20.00M) is above average for companies of similar size in the US market ($USD12.85M).

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%
$ 8.7b
Harley Finkelstein
President4.2yrsUS$7.26m0.00015%
$ 211.2k
Jeff Hoffmeister
Chief Financial Officer2.2yrsUS$1.00m0.0031%
$ 4.3m
Kasra Nejatian
VP of Product & COO2.3yrsUS$76.00m0.018%
$ 25.4m
Jessica Hertz
General Counsel & Corporate Secretary3.9yrsUS$8.85m0.00052%
$ 732.0k
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's management team is considered experienced (3.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Tobias Lütke
Founder20.9yrsUS$20.00m6.16%
$ 8.7b
Robert Ashe
Lead Independent Director10yrsUS$346.15k0.018%
$ 25.8m
Gail Goodman
Independent Director8.1yrsUS$315.02k0.0054%
$ 7.6m
Jeremy Levine
Independent Director13.8yrsno data0.056%
$ 78.5m
Colleen Johnston
Independent Director5.9yrsUS$313.02k0%
$ 0
Toby Shannan
Director1.9yrsUS$680.16k0.024%
$ 34.3m
James Scott
Directorless than a yearno datano data
Prashanth Mahendra-Rajah
Independent Directorless than a yearno data0.000010%
$ 14.1k
Fidji Simo
Independent Director3yrsUS$300.04k0.0011%
$ 1.5m
Lulu Meservey
Independent Directorless than a yearno datano data

4.5yrs

Average Tenure

53yo

Average Age

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

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:54
End of Day Share Price 2024/12/20 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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