Shopify's Revenue

Shopify's annual revenue was $11.56 B in fiscal year 2025. The annual revenue increased $2.68 B from $8.88 B (in 2024) to $11.56 B (in 2025), representing a 30.14% year-over-year growth.

Shopify's quarterly revenue was $3.17 B in the quarter ending Mar 2026. The quarterly revenue increased $810.00 M from $2.36 B (in Q1: Dec 2025) to $3.17 B (in Q1: Dec 2026), representing a 34.32% year-over-year growth.

Over the past 10 years (2016 - 2025):

The highest annual revenue for Shopify was $11.56 B in fiscal year 2025.
The lowest annual revenue was $389.33 M in fiscal year 2016.
The average revenue was $4.44 B.

Learn more about Shopify's Revenue by Segment and Revenue by Region.

Check out competitors to Shopify in a side-by-side comparison.

Explore additional financial metrics for Shopify.

Definition of Revenue :

Revenue is the amount of money generated by a business from sales of its goods or services. Refer to our glossary for more details, examples, and formulas.

2015	205233000.00
2016	389330000.00
2017	673304000.00
2018	1073229000.00
2019	1578173000.00
2020	2929491000.00
2021	4611856000.00
2022	5600000000.00
2023	7060000000.00
2024	8880000000.00
2025	11556000000.00

Mar 2016	72722000.00
Jun 2016	86647000.00
Sep 2016	99578000.00
Dec 2016	130383000.00
Mar 2017	127379000.00
Jun 2017	151655000.00
Sep 2017	171456000.00
Dec 2017	222814000.00
Mar 2018	214340000.00
Jun 2018	244963000.00
Sep 2018	270064000.00
Dec 2018	343862000.00
Mar 2019	320482000.00
Jun 2019	361979000.00
Sep 2019	390552000.00
Dec 2019	505160000.00
Mar 2020	470001000.00
Jun 2020	714341000.00
Sep 2020	767405000.00
Dec 2020	977744000.00
Mar 2021	988647000.00
Jun 2021	1119445000.00
Sep 2021	1123740000.00
Dec 2021	1380024000.00
Mar 2022	1204000000.00
Jun 2022	1295000000.00
Sep 2022	1366000000.00
Dec 2022	1734978000.00
Mar 2023	1508000000.00
Jun 2023	1694000000.00
Sep 2023	1714000000.00
Dec 2023	2144000000.00
Mar 2024	1861000000.00
Jun 2024	2045000000.00
Sep 2024	2162000000.00
Dec 2024	2812000000.00
Mar 2025	2360000000.00
Jun 2025	2680000000.00
Sep 2025	2844000000.00
Dec 2025	3672000000.00
Mar 2026	3170000000.00

2025

Shopify's annual revenue was $11.56 B in fiscal year 2025.

Shopify's quarterly revenue was $2.36 B(Q1: Mar 2025), $2.68 B(Q2: Jun 2025), $2.84 B(Q3: Sep 2025), $3.67 B(Q4: Dec 2025) in fiscal year 2025.

2024

Shopify's annual revenue was $8.88 B in fiscal year 2024.

Shopify's quarterly revenue was $1.86 B(Q1: Mar 2024), $2.05 B(Q2: Jun 2024), $2.16 B(Q3: Sep 2024), $2.81 B(Q4: Dec 2024) in fiscal year 2024.

2023

Shopify's annual revenue was $7.06 B in fiscal year 2023.

Shopify's quarterly revenue was $1.51 B(Q1: Mar 2023), $1.69 B(Q2: Jun 2023), $1.71 B(Q3: Sep 2023), $2.14 B(Q4: Dec 2023) in fiscal year 2023.

2022

Shopify's annual revenue was $5.60 B in fiscal year 2022.

Shopify's quarterly revenue was $1.20 B(Q1: Mar 2022), $1.30 B(Q2: Jun 2022), $1.37 B(Q3: Sep 2022), $1.73 B(Q4: Dec 2022) in fiscal year 2022.

2021

Shopify's annual revenue was $4.61 B in fiscal year 2021.

Shopify's quarterly revenue was $988.65 M(Q1: Mar 2021), $1.12 B(Q2: Jun 2021), $1.12 B(Q3: Sep 2021), $1.38 B(Q4: Dec 2021) in fiscal year 2021.

2020

Shopify's annual revenue was $2.93 B in fiscal year 2020.

Shopify's quarterly revenue was $470.00 M(Q1: Mar 2020), $714.34 M(Q2: Jun 2020), $767.41 M(Q3: Sep 2020), $977.74 M(Q4: Dec 2020) in fiscal year 2020.

2019

Shopify's annual revenue was $1.58 B in fiscal year 2019.

Shopify's quarterly revenue was $320.48 M(Q1: Mar 2019), $361.98 M(Q2: Jun 2019), $390.55 M(Q3: Sep 2019), $505.16 M(Q4: Dec 2019) in fiscal year 2019.

2018

Shopify's annual revenue was $1.07 B in fiscal year 2018.

Shopify's quarterly revenue was $214.34 M(Q1: Mar 2018), $244.96 M(Q2: Jun 2018), $270.06 M(Q3: Sep 2018), $343.86 M(Q4: Dec 2018) in fiscal year 2018.

2017

Shopify's annual revenue was $673.30 M in fiscal year 2017.

Shopify's quarterly revenue was $127.38 M(Q1: Mar 2017), $151.66 M(Q2: Jun 2017), $171.46 M(Q3: Sep 2017), $222.81 M(Q4: Dec 2017) in fiscal year 2017.

2016

Shopify's annual revenue was $389.33 M in fiscal year 2016.

Shopify's quarterly revenue was $72.72 M(Q1: Mar 2016), $86.65 M(Q2: Jun 2016), $99.58 M(Q3: Sep 2016), $130.38 M(Q4: Dec 2016) in fiscal year 2016.

2015	0
2016	+89.70
2017	+72.94
2018	+59.40
2019	+47.05
2020	+85.63
2021	+57.43
2022	+21.43
2023	+26.07
2024	+25.78
2025	+30.14

Q1: Mar 16	94.71
Q2: Jun 16	92.87
Q3: Sep 16	88.64
Q4: Dec 16	85.80
Q1: Mar 17	75.16
Q2: Jun 17	75.03
Q3: Sep 17	72.18
Q4: Dec 17	70.89
Q1: Mar 18	68.27
Q2: Jun 18	61.53
Q3: Sep 18	57.51
Q4: Dec 18	54.33
Q1: Mar 19	49.52
Q2: Jun 19	47.77
Q3: Sep 19	44.61
Q4: Dec 19	46.91
Q1: Mar 20	46.65
Q2: Jun 20	97.34
Q3: Sep 20	96.49
Q4: Dec 20	93.55
Q1: Mar 21	110.35
Q2: Jun 21	56.71
Q3: Sep 21	46.43
Q4: Dec 21	41.14
Q1: Mar 22	21.78
Q2: Jun 22	15.68
Q3: Sep 22	21.56
Q4: Dec 22	25.72
Q1: Mar 23	25.25
Q2: Jun 23	30.81
Q3: Sep 23	25.48
Q4: Dec 23	23.58
Q1: Mar 24	23.41
Q2: Jun 24	20.72
Q3: Sep 24	26.14
Q4: Dec 24	31.16
Q1: Mar 25	26.81
Q2: Jun 25	31.05
Q3: Sep 25	31.54
Q4: Dec 25	30.58
Q1: Mar 26	34.32

2025

Shopify’s annual revenue increased +30.14% during fiscal year 2025 compared to 2024. It represents a growth of $2.68 B from $8.88 B (in 2024) to $11.56 B (in 2025).

2024

Shopify’s annual revenue increased +25.78% during fiscal year 2024 compared to 2023. It represents a growth of $1.82 B from $7.06 B (in 2023) to $8.88 B (in 2024).

2023

Shopify’s annual revenue increased +26.07% during fiscal year 2023 compared to 2022. It represents a growth of $1.46 B from $5.60 B (in 2022) to $7.06 B (in 2023).

2022

Shopify’s annual revenue increased +21.43% during fiscal year 2022 compared to 2021. It represents a growth of $988.14 M from $4.61 B (in 2021) to $5.60 B (in 2022).

2021

Shopify’s annual revenue increased +57.43% during fiscal year 2021 compared to 2020. It represents a growth of $1.68 B from $2.93 B (in 2020) to $4.61 B (in 2021).

2020

Shopify’s annual revenue increased +85.63% during fiscal year 2020 compared to 2019. It represents a growth of $1.35 B from $1.58 B (in 2019) to $2.93 B (in 2020).

2019

Shopify’s annual revenue increased +47.05% during fiscal year 2019 compared to 2018. It represents a growth of $504.94 M from $1.07 B (in 2018) to $1.58 B (in 2019).

2018

Shopify’s annual revenue increased +59.40% during fiscal year 2018 compared to 2017. It represents a growth of $399.93 M from $673.30 M (in 2017) to $1.07 B (in 2018).

2017

Shopify’s annual revenue increased +72.94% during fiscal year 2017 compared to 2016. It represents a growth of $283.97 M from $389.33 M (in 2016) to $673.30 M (in 2017).

2016

Shopify’s annual revenue increased +89.70% during fiscal year 2016 compared to 2015. It represents a growth of $184.10 M from $205.23 M (in 2015) to $389.33 M (in 2016).

Summary Table (Annual)

Period	Revenue	Year-over-Year Change
2025	$11.56 B	+30.14%
2024	$8.88 B	+25.78%
2023	$7.06 B	+26.07%
2022	$5.60 B	+21.43%
2021	$4.61 B	+57.43%
2020	$2.93 B	+85.63%
2019	$1.58 B	+47.05%
2018	$1.07 B	+59.40%
2017	$673.30 M	+72.94%
2016	$389.33 M	+89.70%

Summary Table (Quarterly)

Period	Revenue	Year-over-Year Change
Q1: Mar 26	$3.17 B	34.32%
Q4: Dec 25	$3.67 B	30.58%
Q3: Sep 25	$2.84 B	31.54%
Q2: Jun 25	$2.68 B	31.05%
Q1: Mar 25	$2.36 B	26.81%
Q4: Dec 24	$2.81 B	31.16%
Q3: Sep 24	$2.16 B	26.14%
Q2: Jun 24	$2.05 B	20.72%
Q1: Mar 24	$1.86 B	23.41%
Q4: Dec 23	$2.14 B	23.58%
Q3: Sep 23	$1.71 B	25.48%
Q2: Jun 23	$1.69 B	30.81%
Q1: Mar 23	$1.51 B	25.25%
Q4: Dec 22	$1.73 B	25.72%
Q3: Sep 22	$1.37 B	21.56%
Q2: Jun 22	$1.30 B	15.68%
Q1: Mar 22	$1.20 B	21.78%
Q4: Dec 21	$1.38 B	41.14%
Q3: Sep 21	$1.12 B	46.43%
Q2: Jun 21	$1.12 B	56.71%
Q1: Mar 21	$988.65 M	110.35%
Q4: Dec 20	$977.74 M	93.55%
Q3: Sep 20	$767.41 M	96.49%
Q2: Jun 20	$714.34 M	97.34%
Q1: Mar 20	$470.00 M	46.65%
Q4: Dec 19	$505.16 M	46.91%
Q3: Sep 19	$390.55 M	44.61%
Q2: Jun 19	$361.98 M	47.77%
Q1: Mar 19	$320.48 M	49.52%
Q4: Dec 18	$343.86 M	54.33%
Q3: Sep 18	$270.06 M	57.51%
Q2: Jun 18	$244.96 M	61.53%
Q1: Mar 18	$214.34 M	68.27%
Q4: Dec 17	$222.81 M	70.89%
Q3: Sep 17	$171.46 M	72.18%
Q2: Jun 17	$151.66 M	75.03%
Q1: Mar 17	$127.38 M	75.16%
Q4: Dec 16	$130.38 M	85.80%
Q3: Sep 16	$99.58 M	88.64%
Q2: Jun 16	$86.65 M	92.87%
Q1: Mar 16	$72.72 M	94.71%

Revenue Ranking


Shopify;SHOP;https://bullfincher.io/logos/ca/SHOP.png;shopify	11556000000.00
Workday;WDAY;https://financialmodelingprep.com/image-stock/WDAY.png;workday	9552000000.00
Salesforce;CRM;https://bullfincher.io/logos/us/CRM.png;salesforce	41525000000.00

Revenue Ranking

Shopify's Revenue