Shopify is one of the largest commerce platforms in the world. It powers millions of businesses across 175 countries and is the default choice for entrepreneurs, Direct to Consumers brands and fast growing online stores.
While Amazon is the biggest market place, Shopify is the biggest merchant owned commerce platform.
Shopify is an SaaS winner because it is disciplined by cutting costs, streamlined its operations, has a laser focus on core commerce and rebuilt their margin profile.
The result : Profit beats , expanding operating leverage and a business that scales well.
Shopify isn't just a platform. It is the infrastructure layer for millions of merchants worldwide. Once merchants plug in, they rarely leave.
Shopify's revenue is tied to actual commerce. That is why it is a SaaS winner.
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