Shopify Inc (SHOP)

[Getitgogone]

"2014, there were approximately 10 million merchants with less than 500 employees operating in our key geographies, and approximately 46 million such merchants worldwide. As of March 31, 2015, we had 162,261 merchants and our annualized revenue per merchant based on the three months ended March 31, 2015 was approximately $1,000.

We believe that our market will expand as we continue to inspire entrepreneurs to start new businesses and provide the technology that enables them to do so. In addition, we expect our average revenue per merchant to continue to increase as our merchants grow and we further expand our offerings."


Just 1 % of these 46 million world wide would be gross revenue of 460 Million so multiply that by a larger % and you have a very profitable successful company.

10% of the market would be 4.6 Billion

Going to be interesting to watch them expand