Who Generates Higher Gross Profit? Shopify Inc. or CyberArk Software Ltd.

Shopify vs. CyberArk: A Decade of Gross Profit Growth

In the ever-evolving landscape of technology and e-commerce, Shopify Inc. and CyberArk Software Ltd. have emerged as significant players. Over the past decade, Shopify has consistently outpaced CyberArk in gross profit growth. Starting in 2014, Shopify's gross profit was slightly behind CyberArk's, but by 2023, Shopify's gross profit had surged to nearly six times that of CyberArk's. This remarkable growth trajectory highlights Shopify's strategic expansion and market penetration.

Key Insights

• 2014-2016: Shopify's gross profit grew by over 200%, while CyberArk's increased by about 110%.
• 2017-2020: Shopify's growth accelerated, with a 300% increase, compared to CyberArk's 74%.
• 2021-2023: Shopify's gross profit reached a staggering 3.5 billion, marking a 40% increase from 2022, whereas CyberArk's growth was more modest at 28%.

This data underscores Shopify's dominance in the e-commerce sector, driven by its innovative platform and global reach.