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Shopify (SHOP) Revenue & Revenue Breakdown

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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

DateRevenueChange
2023-12-31$7.06B26.07%
2022-12-31$5.60B21.42%
2021-12-31$4.61B57.43%
2020-12-31$2.93B85.63%
2019-12-31$1.58B47.05%
2018-12-31$1.07B59.40%
2017-12-31$673.30M72.94%
2016-12-31$389.33M89.70%
2015-12-31$205.23M95.43%
2014-12-31$105.02M108.98%
2013-12-31$50.25M111.92%
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

DateRevenueChange
2024-03-31$1.86B-13.20%
2023-12-31$2.14B25.09%
2023-09-30$1.71B1.18%
2023-06-30$1.69B12.33%
2023-03-31$1.51B-13.08%
2022-12-31$1.73B26.99%
2022-09-30$1.37B5.49%
2022-06-30$1.30B7.60%
2022-03-31$1.20B-12.78%
2021-12-31$1.38B22.81%
2021-09-30$1.12B0.38%
2021-06-30$1.12B13.23%
2021-03-31$988.65M1.12%
2020-12-31$977.74M27.41%
2020-09-30$767.40M7.43%
2020-06-30$714.34M51.99%
2020-03-31$470.00M-6.96%
2019-12-31$505.16M29.35%
2019-09-30$390.55M7.89%
2019-06-30$361.98M12.95%
2019-03-31$320.48M-6.80%
2018-12-31$343.86M27.33%
2018-09-30$270.06M10.25%
2018-06-30$244.96M14.29%
2018-03-31$214.34M-3.80%
2017-12-31$222.81M29.95%
2017-09-30$171.46M13.06%
2017-06-30$151.66M19.06%
2017-03-31$127.38M-2.30%
2016-12-31$130.38M30.94%
2016-09-30$99.58M14.92%
2016-06-30$86.65M19.15%
2016-03-31$72.72M3.63%
2015-12-31$70.17M32.94%
2015-09-30$52.79M17.50%
2015-06-30$44.93M20.29%
2015-03-31$37.35M6.16%
2014-12-31$35.18M28.66%
2014-09-30$27.35M15.48%
2014-06-30$23.68M25.89%
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/ServiceDec 22Dec 21Dec 20Dec 19Dec 18
Subscription and Circulation$1.49B$1.34B$908.76M$642.24M$465.00M
Service$4.11B$3.27B$2.02B$935.93M$608.23M

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

TickerCompanyLast Year RevenueLast Quarter Revenue
CRMSalesforce$34.86B$9.44B
INTUIntuit$16.29B$3.28B
NOWServiceNow$8.97B$2.80B
WDAYWorkday$7.26B$2.17B
SHOPShopify$7.06B$1.86B
ZMZoom Video Communications$4.53B$1.18B
SNOWSnowflake$2.81B$942.09M
UUnity Software$2.19B$446.52M
DDOGDatadog$2.13B$690.02M
AIC3.ai$310.58M$94.34M

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 Subscription and Circulation, and Service. Subscription and Circulation generated $1.49B in revenue, accounting 26.57% of the company's total revenue, up 10.83% year-over-year. Service generated $4.11B in revenue, accounting 73.43% of the company's total revenue, up 25.77% 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.