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Shopify has been a powerhouse in the eCommerce industry since 2006 and provides a ton of solutions such as an online store, POS (Point Of Sale), and even an eCommerce fulfillment center just like Amazon.
Tobias Lutke and Scott Lake were the ones that brought this dream to life and have been rolling hard ever since.
I thought it would be nice to check out some facts about Shopify that might just surprise you.
Let’s get going…..
Quick Shopify Facts (if You’re Short On Time)
- More than 44 million people purchased items from a Shopify store in 2020
- 75.5k Shopify Stores Sell Clothing, Making it the Most Popular Industry
- Around Two-Thirds of Shopify Stores Are Based in the Americas
- There Are About 22,107 Shopify Stores Based in England
- The Shopify App Store Contains 7,000 Apps
- 87% of Merchants Use Shopify Apps
- Businesses Built on Shopify Experienced a 50% Increase in Sales in 2019
- Email Marketing Has a 4.29% Conversion Rate for Shopify Stores
Shopify’s Crazy Popularity Facts
218 million people have bought something from a Shopify store
There are more than 7,000 users using Shopify Plus today
Shopify has over 3,200 Shopify Apps
Shopify has created a partnership with TikTok
In 2018 Shopify recorded its billionth order
Shopify is being used by sellers in over 175 counties around the world
Shopify had a gross merchandise volume of $197.2 billion
There are over 4.5 million eCommerce website builders on the Shopify platform
Shopify actually possesses 10% of the global eCommerce market according to Statista
David Beckham and Adele use Shopify to run their online stores
Shopify’s market cap is $56.63 billion as of 2023
In the United States, there are over 2.6 million Shopify stores
There are over 23,143 Shopify Plus Stores which is Shopifies top tier plan
As of 2022, there are 649 million Shopify buyers
Shopify Traffic And Sales
Email generates the highest conversion rate at 4.29% with social coming in at 1.81%
The average Shopify user spends over 3 minutes on a Shopify store
The top-grossing Shopify company annual revenue is around $7 to $11 billion
Top Grossing Shopify Stores
- Gymshark is a fitness apparel and accessories brand that has generated over $223 million in sales.
- Fashion Nova is a fast-fashion brand that has generated over $1 billion in sales.
- Kylie Cosmetics is a cosmetics brand founded by Kylie Jenner that has generated over $630 million in sales.
- Allbirds is a shoe brand that has generated over $200 million in sales.
- Bombas is a socks brand that has generated over $100 million in sales.
Facts on how Shopify is making that money
Shopify makes 73% of its earnings coming from transaction fees, merchant services, and as well payment process fees
Theme developers are charged 15% of their revenue
Shopify subscriptions create revenue of $330.9 million which is an increase of 11% on 2021
Facts About Tobias Lutke (The founder of Shopify)
He was born on July 16th, 1981
He has his own website Tobi.lutke.com (hasn’t been updated in some time)
One of Tobias’s first websites was Snowdevil just before launching Shopify in 2006
He was born in Koblenz, Germany in 1981
Shopify Financial Facts
Operating loss for the 4th quarter of 2022 was $188.7 million
Shopify has $5.05 billion in cash as of December 2022
Shopify revenue increased by 30% as of the 4th quarter of 2022
Shopify Employees Facts
Shopify actually has over 11,600 employees on staff as of 2023.
Shopify’s headquarters is located in Ottawa at 151 O’Connor Street, Canada
Shopify has reduced its workforce by 10% in 2022
Key Shopify Facts On Shopify Alternatives
Woocommerce has about a 37% share of all eCommerce websites
Bigcommerce has over 50,000 eCommerce websites live.
Wix has over 700,000 online stores
W3Techs states 2.3% of all websites have Wix installed based on May 2022
Shopify POS
More than 100,000 merchants were using the Shopify POS system as of June 2019 according to (Shopify and You)
Shopify’s merchant solution revenue in 2022 was $4.1 billion
Other Key Shopify Statistics
About 66% of orders are placed via mobile
The average order value of a Shopify order is $85
Sources:
- Shopify
- Built With
- Statista
