Shopify hits record revenue, profits amid massive year of growth
Shopify hits record revenue, profits amid massive year of growth Shopify’s fourth-quarter and full-year financial results for 2020 list record revenues and profits for the e-commerce retailer, following a year of COVID-fueled growth. The Ottawa-based company’s total revenue for the full year 2020 was $2.9 billion, an 86 percent increase from 2019. Shopify’s gross profit grew 78 percent, as a result, to $1.5 billion in 2020, compared with $865.6 million for 2019. All numbers are in USD. In the fourth quarter alone, Shopify recorded total revenue of $977.7 million, a 94 pe...