Shopify SHOP Business Segments
| FY'25 | FY'24 | FY'23 | ||
|---|---|---|---|---|
| Revenue by Product | ||||
| Merchant solutions | $8.8B+34.8% | $6.53B+25.0% | $5.22B+27.0% | |
| Subscription solutions | $2.75B+17.1% | $2.35B+27.9% | $1.84B+23.5% | |
| Revenue by Geography | ||||
| APAC | $1.13B+27.5% | $885M+26.6% | $699M+26.4% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- 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.
