SHOPIFY INC
For the period ended Dec 31, 2023. Filed Feb 13, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Feb 13, 2024
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Contents
EX-1.3 · Key Performance Indicators
Key Performance Indicators
Key performance indicators, which we do not consider to be non-GAAP measures, that we use to evaluate our business, measure our performance, identify trends affecting our business, formulate financial projections and make strategic decisions include MRR, Gross Merchandise Volume ("GMV") and Attach Rate. Our key performance indicators may be calculated in a manner different than similar key performance indicators used by other companies.
The following table shows MRR, GMV, Revenue and Attach Rate for the years ended December 31, 2023 and 2022:
| Years ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (in millions, except percentages) | ||
| Monthly Recurring Revenue | $149 | $110 |
| Gross Merchandise Volume | $235,910 | $197,167 |
| Revenue | $7,060 | $5,600 |
| Attach Rate | 2.99% | 2.84% |
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