Ottawa-based e-commerce firm says it earned US$879.1 million, up from US$36 million a year earlier.
Ottawa firm says that as of Aug. 1 it won't take any share of the first $1 million in revenue developers make every year on products they design for the company's software.
Big-box behemoth, whose Canadian subsidiary is headquartered on Hunt Club Road, posted revenues of $30.2 billion in 2020, up 6.6 per cent from a year earlier.
Shopify is one of Stripe’s largest clients, and the relationship between the two companies expanded earlier this year when Shopify began offering services such as debit cards to merchants.
Solmaz Shahalizadeh, vice-president of data science and engineering and head of commerce intelligence, Shopify
Business: E-commerce Born: Iran
Business: E-commerce Born: West Lorne, Ont.
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E-commerce trend will continue 'well beyond pandemic,' Finkelstein says as Shopify reports record Q1 profit
Ottawa e-commerce giant said net income soared to US$1.26 billion in the first three months of 2021, up from the US$31.4-million net loss it reported for the same period last year.