Shopify Announces Fourth-Quarter and Full-Year 2023 Financial Results

Shopify Announces Fourth-Quarter and Full-Year 2023 Financial Results
Within this, Merchant Solutions revenue grew 27% to $5.2 billion, and Subscription Solutions revenue grew 23% to $1.8 billion. Gross profit dollars grew 28% to $3.5 billion in 2023, compared with $2.8 billion for 2022.

Shopify Revenue and Merchant Statistics in 2025 – Backlinko
Shopify's merchant solutions revenue primarily consists of payment processing fees. Other revenue sources in this segment include referral fees, advertising revenue and sales of POS hardware. Shopify generated $5.22 billion in merchant solutions revenue in 2023, representing 73.94% of total revenue.

Shopify Statistics 2025 — Active Users & Stores Data
Looking back at 2023, Shopify's merchant solutions revenue totaled $5.22 billion, while subscription solutions brought in $1.83 billion. Merchant solutions grew by 27%, and subscription solutions saw a 23% increase in revenue compared to 2022.

Shopify's Merchant Solutions Revenues Up 21% … – PYMNTS.com
Merchant Solutions revenue increased 21% to $1.6 billion, which management said was driven in part by the increased penetration of Shopify Payments. Gross payments volumes were 60% of GMV,…

Shopify Statistics (2024): Stores, Customers, Revenue & Growth
72.5% of Shopify's 2024 Q2 revenue was generated through merchant solution services. Subscription solutions account for the remaining 27.5% of revenue. Shopify's gross profit in the first half of 2024 totaled $2.00 billion, up 29.0% from the first half of 2023.

Shopify Revenue and Merchant Statistics – Increv
What is Shopify's annual revenue? Shopify generated $7.06 billion in revenue in 2024, marking a 26.07% increase from the previous year. How many countries have Shopify merchants? Shopify has merchants in 175 countries worldwide, with over 65 countries generating more than $100 million in Gross Merchandise Volume.

Shopify Statistics 2025: Growth, Revenue & Market Trends
Revenue from merchant solutions was about $5.22 billion, accounting for approximately 73.94% of total revenue in 2023. Subscription solutions generated around $1.84 billion, making up about 26.06% of total revenue.

Shopify focuses on growing merchant solutions revenues to offset …
While the platform's gross merchandise volume (GMV) increased by 11% year-over-year in Q3, merchant solutions revenues rose 26%, per its earnings statement. Significantly, merchant solutions revenues as a percentage of GMV rose to 2.14%—a company record, and a sign that Shopify's extensive toolkit is resonating with sellers.

Shopify Announces First-Quarter 2024 Financial Results
Subscription Solutions revenue increased 34% to $511 million compared to the prior year, driven by the growth in the number of merchants and the pricing increases on our standard subscription plans

Shopify Statistics – Shopify Facts, Stats, Trends & Data (2025 …
Merchants on Shopify made sales totaling $235.91 billion in 2023, up from $197.167 billion in 2022. [2] How does Shopify make money? $5.223 billion of Shopify's $7.06 billion in 2023 revenue came from merchant solutions offerings like payments, shipping, and fulfillment. [2] Breaking down Shopify's annual revenue by region/country.

Shopify Announces First-Quarter 2024 Financial Results
Merchant Solutions revenue increased 20% to $1.4 billion compared to the prior year, driven primarily by the growth of GMV and continued penetration of Shopify Payments Gross Payments Volume 2 ("GPV") grew to $36.2 billion , representing 60% of GMV processed in the quarter, versus $27.5 billion , or 56% , for the first quarter of 2023

Shopify Announces Fourth-Quarter and Full-Year 2021 Financial Results
Fourth-quarter 2021 Merchant Solutions Revenue exceeds $1 billion for the first time Shopify reports in U.S. dollars and in accordance with U.S. GAAP Internet, Everywhere – February 16, 2022 – Shopify Inc. (NYSE, TSX:SHOP), a provider of essential internet …

How Does Shopify Make Money? Shopify Business Model In A Nutshell
Shopify is an e-commerce platform enabling merchants to commercialize their products via a monthly subscription fee, and additional services provided by the platform. Its core business is subscription-based, even though in 2018, the company made over 50% of its revenues from another stream called merchant solutions.

Shopify Announces Fourth-Quarter and Full-Year 2023 Financial Results
Total revenue increased 26% to $7.1 billion compared to 2022. Within this, Merchant Solutions revenue grew 27% to $5.2 billion, and Subscription Solutions revenue grew 23% to $1.8 billion Gross Payment Volume was $137.0 billion, which accounted for 58% of

Shopify Announces Fourth-Quarter and Full-Year 2020 Financial Results
Merchant solutions revenue growth to be driven by continued GMV growth from existing merchants, new merchants joining the platform, and expanded adoption of Shopify's growing menu of merchant solutions, including established offerings such as Shopify

2023 Shopify Revenue, Statistics, and Usage Numbers
Surprisingly, the merchant solutions category makes up for about 68.9% of Shopify's total revenue, most likely due to the constant inflow of payment processing fees. The total revenue from merchant solutions in 2021 was $2.287B.

Shopify Announces First-Quarter 2021 Financial Results
Merchant solutions revenue growth to be driven by continued GMV growth from existing merchants, new merchants joining the platform, and expanded adoption of Shopify's growing menu of merchant solutions, including established offerings such as Shopify

Shopify Statistics 2025 (Number of Users, Stores & Revenue) – Yaguara
Source: Shopify Investor Relations, Macro Trends. In Q2 2024, Shopify's Merchant Solutions revenue was recorded to be $1.5 billion, and the subscription revenue was recorded to be $563 million. The merchant's solutions revenue witnessed a YoY increase of 19% …