Screener
Shopify SHOP Business Segments
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Product | ||||||
| Merchant solutions | $2.78B+37.4% | $2.42B+39.1% | $2.9B+34.9% | $2.15B+38.2% | $2.02B+36.6% | |
| Subscription solutions | $802M+22.3% | $750M+21.0% | $777M+16.7% | $699M+14.6% | $656M+16.5% | |
| Revenue by Geography | ||||||
| APAC | $346M+30.6% | $312M+30.0% | $341M+26.3% | $282M+26.5% | $265M+30.5% | |
| Europe | $721M+35.3% | $653M+41.6% | —— | —— | $533M— | |
| Rest Of World | $62M+34.8% | $57M+39.0% | —— | —— | $46M— |
FAQ
- How does Shopify break its business down?
- Shopify (SHOP) reports revenue by product across 2 parts — Merchant solutions and Subscription solutions. Each is extracted from the segment footnotes and tracked over time.
- Where does Shopify's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Shopify's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
