SHOP logo Shopify +
Shopify
+
Revenue breakdown by Products & Services
Revenue breakdown by Geography

Shopify's Revenue by Region

In fiscal year 2024, Shopify's revenue by geographical region are as follows:

  • APAC: $842.51 M
  • Canada: $459.81 M
  • EMEA: $1.63 B
  • Latin America: $92.34 M
  • United States: $5.43 B

Learn more about Shopify’s Revenue by Products

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

Explore additional financial metrics for Shopify.

Continue reading...

The above chart shows Shopify's revenue percentage share by geographical region.

In fiscal year 2022, Shopify's revenue by region is as follows:

  • APAC generated $531.44 M in revenue, representing 9.88% of its total revenue.
  • Canada generated $332.21 M in revenue, representing 6.18% of its total revenue.
  • EMEA generated $880.78 M in revenue, representing 16.38% of its total revenue.
  • Latin America generated $61.45 M in revenue, representing 1.14% of its total revenue.
  • United States generated $3.57 B in revenue, representing 66.42% of its total revenue.

The biggest region for Shopify is the United States, which represents 66.42% of its total revenue.
The smallest region for Shopify is the Latin America, which represents 1.14% of its total revenue.

The above chart shows Shopify's revenue percentage share by geographical region.

In fiscal year 2023, Shopify's revenue by region is as follows:

  • APAC generated $711.82 M in revenue, representing 9.9% of its total revenue.
  • Canada generated $395.12 M in revenue, representing 5.5% of its total revenue.
  • EMEA generated $1.28 B in revenue, representing 17.78% of its total revenue.
  • Latin America generated $70.27 M in revenue, representing 0.98% of its total revenue.
  • United States generated $4.73 B in revenue, representing 65.85% of its total revenue.

The biggest region for Shopify is the United States, which represents 65.85% of its total revenue.
The smallest region for Shopify is the Latin America, which represents 0.98% of its total revenue.

The above chart shows Shopify's revenue percentage share by geographical region.

In fiscal year 2024, Shopify's revenue by region is as follows:

  • APAC generated $842.51 M in revenue, representing 9.97% of its total revenue.
  • Canada generated $459.81 M in revenue, representing 5.44% of its total revenue.
  • EMEA generated $1.63 B in revenue, representing 19.22% of its total revenue.
  • Latin America generated $92.34 M in revenue, representing 1.09% of its total revenue.
  • United States generated $5.43 B in revenue, representing 64.28% of its total revenue.

The biggest region for Shopify is the United States, which represents 64.28% of its total revenue.
The smallest region for Shopify is the Latin America, which represents 1.09% of its total revenue.
Continue reading...

Summary Table

Geography (Percent Share) 2022 2023 2024
APAC 9.88% 9.9% 9.97%
Canada 6.18% 5.5% 5.44%
EMEA 16.38% 17.78% 19.22%
Latin America 1.14% 0.98% 1.09%
United States 66.42% 65.85% 64.28%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Shopify.

In fiscal year 2024, the United States generated the most revenue ($5.43 B), and the Latin America generated the least revenue ($92.34 M).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • APAC revenue increased 18.36% ($130.69 M) from $711.82 M (in 2023) to $842.51 M (in 2024).
  • Canada revenue increased 16.37% ($64.69 M) from $395.12 M (in 2023) to $459.81 M (in 2024).
  • EMEA revenue increased 27.15% ($347.03 M) from $1.28 B (in 2023) to $1.63 B (in 2024).
  • Latin America revenue increased 31.42% ($22.08 M) from $70.27 M (in 2023) to $92.34 M (in 2024).
  • United States revenue increased 14.78% ($699.68 M) from $4.73 B (in 2023) to $5.43 B (in 2024).
    • Continue reading...

    Summary Table

    Region 2022
    Value Change
    		2023
    Value Change
    		2024
    Value Change
    APAC $531.44 M - $711.82 M
    33.94%
    		$842.51 M
    18.36%
    Canada $332.21 M - $395.12 M
    18.94%
    		$459.81 M
    16.37%
    EMEA $880.78 M - $1.28 B
    45.10%
    		$1.63 B
    27.15%
    Latin America $61.45 M - $70.27 M
    14.35%
    		$92.34 M
    31.42%
    United States $3.57 B - $4.73 B
    32.53%
    		$5.43 B
    14.78%
    Total Revenue $5.38 B - $7.19 B
    33.68%
    		$8.45 B
    17.58%

    Frequently Asked Questions

    What was Shopify's largest region last year?

    In fiscal year 2024, United States revenue reached $5.43 Billion, representing 64.28% of Shopify's total revenue and making it the largest region for the company.

    Which region experienced the highest growth for Shopify last year?

    The Latin America is Shopify's highest growth region, with a revenue growth of +31.42% in 2024 compared to 2023.

    Related company

    Submit feedback to Bullfincher