Shopify vs Manhattan Associates: A Decade of Gross Profit Evolution

In the ever-evolving landscape of e-commerce and supply chain solutions, Shopify Inc. and Manhattan Associates, Inc. have emerged as key players. Over the past decade, Shopify's gross profit has skyrocketed, growing from a modest $62 million in 2014 to an impressive $3.5 billion by 2023. This represents a staggering increase of over 5,500%, underscoring Shopify's rapid expansion and dominance in the e-commerce sector.

Conversely, Manhattan Associates, a leader in supply chain solutions, has demonstrated steady growth. From 2014 to 2023, their gross profit increased by approximately 78%, reaching over $1 billion in 2024. This consistent growth highlights their resilience and adaptability in a competitive market.

While Shopify's growth trajectory is remarkable, Manhattan Associates' steady performance showcases the diverse strategies companies employ to thrive in their respective industries. Missing data for Shopify in 2024 suggests a potential shift or anomaly worth monitoring.