Shopify SHOP Subscription solutions — Cost of revenues

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FAQ

What is Shopify's subscription solutions — cost of revenues?

Shopify (SHOP) reported subscription solutions — cost of revenues of $148M in Q1 2026.

How has Shopify's subscription solutions — cost of revenues changed year-over-year?

Shopify's subscription solutions — cost of revenues increased by 20.3% year-over-year, from $123M to $148M.

What is the long-term trend for Shopify's subscription solutions — cost of revenues?

Over 3 years (2022 to 2025), Shopify's subscription solutions — cost of revenues has grown at a 16.2% compound annual growth rate (CAGR), from $331M to $520M.

What does subscription solutions — cost of revenues mean?

This metric captures the direct costs associated with delivering subscription-based platform services, including hosting infrastructure, customer support, and software maintenance. It represents the operational expenditure required to maintain the platform's availability and reliability for the merchant base. Monitoring this helps evaluate the scalability of the subscription business model and the efficiency of service delivery.