Subscription solutions — Revenue
Shopify Subscription solutions — Revenue decreased by 3.5% to $750M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 21.0%, from $620M to $750M. Over 3 years (FY 2022 to FY 2025), Subscription solutions — Revenue shows an upward trend with a 22.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong merchant growth and successful platform adoption, while a decrease may indicate churn or market saturation.
Detailed definition
This metric represents the total recurring revenue generated from platform access fees, software subscriptions, and rela...
Peer comparison
Comparable to SaaS subscription revenue or platform access fees reported by other e-commerce enablement and cloud software providers.
shop_segment_subscription_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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $372M | $372M | $372M | $372M | $459.25M | $459.25M | $459.25M | $459.25M | $511M | $563M | $610M | $666M | $620M | $656M | $699M | $777M | $750M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +23.5% | +0.0% | +0.0% | +0.0% | +11.3% | +10.2% | +8.3% | +9.2% | -6.9% | +5.8% | +6.6% | +11.2% | -3.5% |
| YoY Change | — | — | — | — | +23.5% | +23.5% | +23.5% | +23.5% | +11.3% | +22.6% | +32.8% | +45.0% | +21.3% | +16.5% | +14.6% | +16.7% | +21.0% |
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Frequently Asked Questions
- What is Shopify's subscription solutions — revenue?
- Shopify (SHOP) reported subscription solutions — revenue of $750M in Q1 2026.
- How has Shopify's subscription solutions — revenue changed year-over-year?
- Shopify's subscription solutions — revenue increased by 21.0% year-over-year, from $620M to $750M.
- What is the long-term trend for Shopify's subscription solutions — revenue?
- Over 3 years (2022 to 2025), Shopify's subscription solutions — revenue has grown at a 22.7% compound annual growth rate (CAGR), from $1.49B to $2.75B.
- What does subscription solutions — revenue mean?
- The total recurring revenue earned from merchant subscription fees for accessing the e-commerce platform.