15 Biggest Companies That Use Shopify
Shopify is a subscription-based e-commerce platform that enables people to create an online store and sell their goods. Users can create a basic online store in seconds or create a unique store with features that draw more traffic and eventually translate to sales.
Shopify Inc. (NYSE: SHOP) is one of the biggest and most profitable e-commerce companies in the world with a market cap of $141.3 billion. Shopify has expanded in recent years as a result of the boom in e-commerce that attracted many small businesses, and saw an enormous surge during the pandemic as more businesses were pressured to broaden their online presence. Shopify holds 8.6% of the U.S. retail e-commerce market in 2020, trailing online retail giant Amazon.com Inc. (NASDAQ: AMZN). Shopify’s revenue in 2020 skyrocketed to $2.9 billion, an increase of 86% over 2019.
5 Biggest Companies That Use Shopify
Market cap: $106.2 billion
Ranking 5th in our list of the 15 biggest companies that use Shopify is Belgian beer company Anheuser-Busch InBev. The company is one of the most valuable alcohol manufacturers in the world. Among its most popular brands are Budweiser, Castle, and Corona. By volume and sales, the company is the world’s largest beer brewer, with more than 600 beer brands sold in 150 countries.
The company’s revenue in the fourth quarter of 2020 fell 4.5% to $12.8 billion from $13.3 billion in 2019. This is primarily due to a 5.7% decline in volume. The stock has gained 30% in the last twelve months.