Lightspeed Commerce’s Revenue by Geography (2016-2023)

This statistic highlights Lightspeed Commerce’s Revenue by Geography, split across Europe and ROW and North America, reported on a quarterly basis from Q1 2016 onwards.

Lightspeed Commerce’s Revenue by Geography

(All the figures in millions, except percentages)

Lightspeed runs many subsidiaries which include Vend, Kounta, Ecwid Inc. ikentoo SA, Shopkeep, Lightspeed Restaurant, Upserve, NuORDER Inc, and many more.

Economic trends observed:

In the year 2021, the Lightspeed Commerce Company earned total revenue of $140.06 million from its different geographies. It further increased to $249.13 million, indicating a year-on-year growth of 77.87%.

In Q3 2021, Lightspeed Commerce generated revenue of $14.00 million, which further increased in Q2 2022, showing a quarter-on-quarter growth of 101.21%. Further, it increased, in Q1 2022, it earned revenue of $115.92 million, which further increased in next quarter Q2 2022) and made revenue of $133.21 million, indicating a quarter-on-quarter growth of 14.91%

Europe and ROW

The company sells products through its direct and indirect channels in Europe and the ROW. ROW includes countries like Delaware, Luxembourg, Netherlands, Germany, and Belgium.

Economic trends observed:

In the year 2021, the company earned revenue of $57.40 million from Europe and Row, which further, increased $115.93 million, indicating a year-on-year growth of 101.96%.

In Q3 2021, Lightspeed Commerce Company generated revenue of $23.62 million from Europe and ROW, which further increased to $62.61 million in Q1 2022, indicating a quarter-on-quarter growth of 1.65%. Further, in Q1 2022, it reported revenue of $53.32 million, which further increased and showed a quarter-on-quarter growth of 17.42%. Also, it contributed 47.11% to the total revenue of the company.

North America

Economic trends observed:

Lightspeed Commerce sells products primarily through its direct sales force in North America, supplemented by indirect channels. Providing single and multi-location retailers with complex operations, such as complex operations. It is one of the highest-earning sources for Lightspeed Commerce. It generates revenue and contributes approximately 50% to the total revenue of the company.

In the year 2021, Lightspeed Commerce reported revenue of $82.69 million, which increased to $133.20 million, indicating a year-on-year growth of 0.61%.

Lightspeed Commerce’s revenue from its North America region increased to $70.60 in Q1 2022 from $33.99 in Q3 2021, showing a quarter-on-quarter growth of 107.70%. Further, its revenue increased, in Q1 2022, it generated revenue of $62.59 million; further, it increased and showed a quarter-on-quarter growth of 12.79%. Also, it contributed 52.99% to the total revenue of the company.

About the Company

Lightspeed Commerce is a public Canadian company. It was founded in 2015. It is headquartered in Montreal, Quebec, Canada. It is a point-of-sale and e-commerce software that provides services on an online platform. It offers easy-to-use channels on its platform. It helps its customers to effectively run their business by providing information about functions, accepting payments, managing different operations, and running or growing the business. Lightspeed commerce operates in over 100 countries across the globe.

It creates ways to increase employment; it engages customers through online platforms, mobile, social, and physical platforms. It provides different solutions to its customers and suggests new ways to avoid multiple stitches together, helps to open new locations, and offers solutions to make their customers’ business easy. The company generates revenue primarily through the sale of software that is based on the cloud; it generates revenue from subscription licenses and other recurring revenue sources including payments solutions.

The company provides a wide range of products such as Retail, Restaurant, and Golf. It powers the backbone of the global economy, with different platforms, leaders in retail, etc. influencing culture and creating stronger communication. Lightspeed faces stiff competition from Square POS, Clover, Shopkeep, GoDaddy, and Shopify. The company’s mission is to provide cities and communication to life by offering SMBs (SMBs). The company believes cities and communication are built on the success of local and integrated SMBs. Also, to provide all resources that influence new technology and push consumers towards an omnichannel experience.

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