Merchant solutions — Revenue
Shopify Merchant solutions — Revenue increased by 35.0% to $2.90B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 34.9%, from $2.15B to $2.90B. Over 3 years (FY 2022 to FY 2025), Merchant solutions — Revenue shows an upward trend with a 28.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates higher merchant transaction volume or increased adoption of value-added services, signaling strong platform ecosystem growth.
Detailed definition
This metric represents the total revenue generated from value-added services that facilitate e-commerce transactions for...
Peer comparison
Comparable to transaction-based revenue or payment processing fees reported by other e-commerce infrastructure providers and fintech platforms.
shop_segment_merchant_solutions_revenuesHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.03B | $1.03B | $1.03B | $1.03B | $1.31B | $1.31B | $1.31B | $1.31B | $1.35B | $1.48B | $1.55B | $2.15B | $1.74B | $2.02B | $2.15B | $2.90B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +27.0% | +0.0% | +0.0% | +0.0% | +3.4% | +9.8% | +4.7% | +38.3% | -18.9% | +16.3% | +6.0% | +35.0% |
| YoY Change | — | — | — | — | +27.0% | +27.0% | +27.0% | +27.0% | +3.4% | +13.5% | +18.9% | +64.3% | +28.9% | +36.6% | +38.2% | +34.9% |
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Frequently Asked Questions
- What is Shopify's merchant solutions — revenue?
- Shopify (SHOP) reported merchant solutions — revenue of $2.90B in Q4 2025.
- How has Shopify's merchant solutions — revenue changed year-over-year?
- Shopify's merchant solutions — revenue increased by 34.9% year-over-year, from $2.15B to $2.90B.
- What is the long-term trend for Shopify's merchant solutions — revenue?
- Over 3 years (2022 to 2025), Shopify's merchant solutions — revenue has grown at a 28.9% compound annual growth rate (CAGR), from $4.11B to $8.80B.
- What does merchant solutions — revenue mean?
- Total revenue earned from transaction-based services and add-on products provided to merchants.