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This statistic highlights BigCommerce’s Revenue by Segment, split between Partner and services, and subscription solutions, reported on a quarterly basis from Q1 2019 onwards.
The company occupies a unique market position, combining enterprise-level features and capabilities with the speed, low cost, and high return on investment of SaaS that empowers businesses to turn digital transformation into a competitive advantage.
|Revenue by Segment||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
|Partner and services||$13.19||$15.06||$17.16||29%|
(All figures are in millions, except percentages)
BigCommerce’s total revenue increased from $39.74 million in Q3 2020 to $59.29 million in Q3 2021, marking a 49.19% growth on a year-on-year basis. It also grew by 20% on a quarter-on-quarter basis as compared to $49.01 million earned in Q2 2021. The subscription solutions segment is the major contributor of revenue in the latest quarter of 2021.
The revenue of Big Commerce can be bifurcated into the following segments:
Partner and services
The company’s revenue from its partner and services segment consists of revenue share, partner technology integrations, and marketing services provided to partners. The revenue share relates to fees earned by their partners from customers using their platform, where they have an arrangement with such partners to share such fees as they occur.
This segment has a contribution of 29% to the total revenue of the company in Q3 2021. The revenue from this segment has been on an upward trend. It increased from $13.19 million in Q3 2020 to $15.06 million in Q2 2021 and further to $17.16 million in Q3 2021. The revenue from the partner and services segment increased by 30.09% on a year-on-year basis, from $13.19 million in Q3 2020 to $17.16 million in Q3 2021. It witnessed an incline of 13.94% on a quarter-on-quarter basis when compared to $15.06 million in Q2 2021.
Subscription solutions revenue consists of subscription fees from all plans. The revenue from this segment includes revenue from recurring professional services and sale of SSL certificates. A portion of their enterprise subscription plans includes an upfront promotional period to incentivise the customer to enter into a subscription arrangement. For enterprise arrangements, the total subscription fee is recognised on a straight-line basis.
The majority of BigCommerce total revenue is generated through this segment, accounting for 71% of the company revenue in Q3 2021, amounting to $42.12 billion. The revenue from this segment has also been on the rise. It increased from $26.55 million in Q3 2020 to $33.96 million in Q2 2020 and further to $42.12 million in Q3 2021. The revenue from the subscription solutions segment increased by 58.64% on a year-on-year basis, from $26.55 million in Q3 2020 to $42.12 million in Q3 2021. It witnessed an incline of 24.02% on a quarter-on-quarter basis, as compared to $33.96 million in Q2 2021.
BigCommerce is leading a new era of e-commerce. The company empowers businesses to turn digital transformation into a competitive advantage. They provide a comprehensive platform for launching and scaling an e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations into best-of-breed third-party services like marketing, accounting, payments, shipping, and fulfilment.
BigCommerce is a listed e-commerce platform that provides software as a service to retailers. It was founded by Australians Eddie Machaalani and Mitchell Harper, in Sydney, Australia in 2009. Combining enterprise functionality, an app ecosystem, market-leading performance, an open architecture, BigCommerce enables businesses to grow online sales with 80% less cost, time, and complexity than on-premise software. The common stock of the company is publicly traded on the NASDAQ under the symbol “BIGC”.
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