Shopify (SHOP) Revenue & Revenue Breakdown
Shopify Revenue Highlights
Latest Revenue (Y)
$7.06B
Latest Revenue (Q)
$1.86B
Main Segment (Y)
Service
Shopify Revenue by Period
Shopify Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $7.06B | 26.07% |
| 2022-12-31 | $5.60B | 21.42% |
| 2021-12-31 | $4.61B | 57.43% |
| 2020-12-31 | $2.93B | 85.63% |
| 2019-12-31 | $1.58B | 47.05% |
| 2018-12-31 | $1.07B | 59.40% |
| 2017-12-31 | $673.30M | 72.94% |
| 2016-12-31 | $389.33M | 89.70% |
| 2015-12-31 | $205.23M | 95.43% |
| 2014-12-31 | $105.02M | 108.98% |
| 2013-12-31 | $50.25M | 111.92% |
| 2012-12-31 | $23.71M | - |
Shopify generated $7.06B in revenue during NA 2023, up 26.07% compared to the previous quarter, and up 657.83% compared to the same period a year ago.
Shopify Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $1.86B | -13.20% |
| 2023-12-31 | $2.14B | 25.09% |
| 2023-09-30 | $1.71B | 1.18% |
| 2023-06-30 | $1.69B | 12.33% |
| 2023-03-31 | $1.51B | -13.08% |
| 2022-12-31 | $1.73B | 26.99% |
| 2022-09-30 | $1.37B | 5.49% |
| 2022-06-30 | $1.30B | 7.60% |
| 2022-03-31 | $1.20B | -12.78% |
| 2021-12-31 | $1.38B | 22.81% |
| 2021-09-30 | $1.12B | 0.38% |
| 2021-06-30 | $1.12B | 13.23% |
| 2021-03-31 | $988.65M | 1.12% |
| 2020-12-31 | $977.74M | 27.41% |
| 2020-09-30 | $767.40M | 7.43% |
| 2020-06-30 | $714.34M | 51.99% |
| 2020-03-31 | $470.00M | -6.96% |
| 2019-12-31 | $505.16M | 29.35% |
| 2019-09-30 | $390.55M | 7.89% |
| 2019-06-30 | $361.98M | 12.95% |
| 2019-03-31 | $320.48M | -6.80% |
| 2018-12-31 | $343.86M | 27.33% |
| 2018-09-30 | $270.06M | 10.25% |
| 2018-06-30 | $244.96M | 14.29% |
| 2018-03-31 | $214.34M | -3.80% |
| 2017-12-31 | $222.81M | 29.95% |
| 2017-09-30 | $171.46M | 13.06% |
| 2017-06-30 | $151.66M | 19.06% |
| 2017-03-31 | $127.38M | -2.30% |
| 2016-12-31 | $130.38M | 30.94% |
| 2016-09-30 | $99.58M | 14.92% |
| 2016-06-30 | $86.65M | 19.15% |
| 2016-03-31 | $72.72M | 3.63% |
| 2015-12-31 | $70.17M | 32.94% |
| 2015-09-30 | $52.79M | 17.50% |
| 2015-06-30 | $44.93M | 20.29% |
| 2015-03-31 | $37.35M | 6.16% |
| 2014-12-31 | $35.18M | 28.66% |
| 2014-09-30 | $27.35M | 15.48% |
| 2014-06-30 | $23.68M | 25.89% |
| 2014-03-31 | $18.81M | - |
Shopify generated $1.86B in revenue during Q1 2024, up -13.20% compared to the previous quarter, and up 107.26% compared to the same period a year ago.
Shopify Revenue Breakdown
Shopify Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 18 |
|---|---|---|---|---|---|
| Service | $4.11B | $3.27B | $2.02B | $935.93M | $608.23M |
| Subscription and Circulation | $1.49B | $1.34B | $908.76M | $642.24M | $465.00M |
Shopify's latest annual revenue breakdown by segment (product or service), as of Dec 22: Service (73.43%), and Subscription and Circulation (26.57%).
Shopify Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CRM | Salesforce | $34.86B | $9.32B |
| INTU | Intuit | $16.29B | $6.74B |
| NOW | ServiceNow | $8.97B | $2.63B |
| WDAY | Workday | $7.26B | $2.08B |
| SHOP | Shopify | $7.06B | $1.86B |
| ZM | Zoom Video Communications | $4.53B | $1.16B |
| SNOW | Snowflake | $2.81B | $868.82M |
| U | Unity Software | $2.19B | $449.26M |
| DDOG | Datadog | $2.13B | $645.28M |
| AI | C3.ai | $310.58M | $87.21M |
SHOP Revenue FAQ
What is Shopify’s yearly revenue?
Shopify's yearly revenue for 2023 was $7.06B, representing an increase of 26.07% compared to 2022. The company's yearly revenue for 2022 was $5.6B, representing an increase of 21.42% compared to 2021. SHOP's yearly revenue for 2021 was $4.61B, representing an increase of 57.43% compared to 2020.
What is Shopify’s quarterly revenue?
Shopify's quarterly revenue for Q1 2024 was $1.86B, a -13.20% decrease from the previous quarter (Q4 2023), and a 23.41% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $2.14B, a 25.09% increase from the previous quarter (Q3 2023), and a 23.58% increase year-over-year (Q4 2022). SHOP's quarterly revenue for Q3 2023 was $1.71B, a 1.18% increase from the previous quarter (Q2 2023), and a 25.46% increase year-over-year (Q3 2022).
What is Shopify’s revenue growth rate?
Shopify's revenue growth rate for the last 3 years (2021-2023) was 53.08%, and for the last 5 years (2019-2023) was 347.35%.
What are Shopify’s revenue streams?
Shopify's revenue streams in c 22 are Service, and Subscription and Circulation. Service generated $4.11B in revenue, accounting 73.43% of the company's total revenue, up 25.77% year-over-year. Subscription and Circulation generated $1.49B in revenue, accounting 26.57% of the company's total revenue, up 10.83% year-over-year.
What is Shopify’s main source of revenue?
For the fiscal year ending Dec 22, the largest source of revenue of Shopify was Service. This segment made a revenue of $4.11B, representing 73.43% of the company's total revenue.