Shopify Inc. or ON Semiconductor Corporation: Who Leads in Yearly Revenue?

Shopify vs. ON Semiconductor: A Revenue Race Over the Decade

In the ever-evolving landscape of technology and e-commerce, Shopify Inc. and ON Semiconductor Corporation have emerged as key players. Over the past decade, ON Semiconductor has consistently led in revenue, with a peak in 2022, reaching approximately 8.3 billion USD. However, Shopify has shown remarkable growth, starting from a modest 105 million USD in 2014 and surging to 7.06 billion USD by 2023, marking an impressive 67-fold increase.

While ON Semiconductor's revenue grew by about 161% from 2014 to 2023, Shopify's exponential growth highlights the booming e-commerce sector. The data reveals a narrowing gap, with Shopify closing in on ON Semiconductor's lead. As we look to the future, the question remains: will Shopify's growth trajectory continue to challenge ON Semiconductor's dominance in revenue?