Shopify Inc.
2.01 %
48.55 %
Yet to be announced
Company Overview
Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. The company provides a platform for merchants to create and manage online stores, process payments, and handle various aspects of e-commerce operations. Shopify's platform enables businesses of all sizes to sell products and services through multiple channels, including web, mobile, social media, marketplaces, and brick-and-mortar locations.
The company generates revenue primarily through subscription fees from merchants using its platform and additional merchant solutions including payment processing, shipping, and financing services.
Revenue Sources
PassBased on review of Shopify's business model and revenue sources, the company primarily generates income from subscription fees and merchant solutions. These include payment processing, shipping services, and e-commerce tools - all of which are halal business activities. The company does not operate in any inherently haram industries like gambling, alcohol, or adult entertainment.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| June 30, 2024 | $2.04b | $1.76b | $80.0m | - | 3.91% | 0.00% |
| March 31, 2024 | $1.86b | $1.77b | - | - | 0.00% | 0.00% |
| Dec. 31, 2023 | $2.14b | $1.85b | $68.0m | - | 3.17% | 0.00% |
| Sept. 30, 2023 | $1.71b | $1.59b | $606.0m | - | 35.36% | 0.00% |
Examining the financial data for the past four quarters: While Shopify does earn some interest income from its cash and investments, primarily from its merchant cash advances program, this represents a small portion of total revenue. The company shows zero interest expense across all quarters. The interest income ratio remains below concerning levels relative to total revenue.
Operational Ethics
PassBased on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company does not maintain material operations or R&D centers in Israel or direct ties with the Chinese Communist Party.
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