Shopify’s Revenue by Region (2015-2021)
You need Pro Plan to access KPI data.
Get 60% off on Pro
- KPI data & segment financials on US stocks
- Financial data on thousands of stocks
- Download data in xlsx and csv formats
Discount ends in:
00
Days
00
Hours
00
Mins.
00
Seconds
About
This statistic highlights Shopify’s Revenue by Region, split across APAC, Australia, Canada, EMEA, Latin America, United Kingdom, United States, and Rest of the world, reported on a yearly basis from 2015 onwards.
More information
Contact the Analyst
Become a smarter investor today.
Access Business Quant for as low as $19/month
Become a smarter investor today.
Access KPIs & Segment Financials on US stocks
This statistic highlights Shopify’s Revenue by Region, split across APAC, Australia, Canada, EMEA, Latin America, United Kingdom, United States, and Rest of the world, reported on a yearly basis from 2015 onwards.
Shopify is an online e-commerce platform that offers solutions for building an online business. It is one of the most profitable and fast-growing e-commerce businesses with unlimited bandwidth and online storage.
Shopify’s Revenue by Region
The blank cells in the table depict that the contribution by that particular region is less than 3% in that year, thus the company has decided not to disclose its values.
The company bifurcates its revenue into the different regions on the basis of its merchants’ location. As of December 31, 2021, the company has about 2,063,000 merchants from 175 counties that use the company’s website. The total revenue generated from different regions around the world by Shopify Inc. has been increasing rapidly throughout the years, mainly due to the advancement in the company’s operations and the drastic drift in users, who are being more adaptable to the online work environment. The total revenue of the company grew from $1,578.17 million earned in 2019 to $4,611.68 million earned in the year 2021, marking a growth of 192% growth over a period of 2 years. It also grew by 57.42% yearly, from $2,929.49 million earned in the year 2020 to $4,611.86 million in the year 2021.
Shopify’s revenue can be further bifurcated into the following regions:
| Revenue by Region | 2019 | 2020 | 2021 | Contribution in 2021 |
| APAC | – | – | $467.01 | 10% |
| Australia | $68.57 | $122.01 | – | 0% |
| Canada | $96.17 | $192.72 | $316.70 | 7% |
| EMEA | – | – | $799.60 | 17% |
| Latin America | – | – | $54.61 | 1% |
| United Kingdom | $103.50 | $199.83 | – | 0% |
| United States | $1,079.52 | $1,954.11 | $2,973.93 | 64% |
| Rest of world | $230.42 | $460.83 | – | 0% |
| Total | $1,578.17 | $2,929.49 | $4,611.86 | 100% |
(All figures in millions, except percentages)
APAC
The Asia Pacific region (APAC) has a contribution of 10% to the total revenue of the company in 2021, amounting to $467.01 million. During the previous 2 years of 2019 and 2020, this region did not have significant contribution to the total revenue and thus, the company has refrained from disclosing the figures.
Australia
In the latest year of 2021, this region generated insignificant revenue and has no contribution to the total revenue of the company. However, upon analysing the trend in the past two years of 2019 and 2020, we observe that the total revenue has witnessed a rise from $68.57 million to $122.01 million, making a growth of 77.93% in a year.
Canada
Canada has a contribution of 7% to the total revenue of the company in 2021, amounting to $316.70 million. The revenue from this region increased by 60.17%, from $197.72 million in 2020, and by 229.31% from $96.17 million in 2019.
EMEA
Europe, Middle East and Africa (EMEA) has a contribution of 17% to the total revenue of the company in 2021, amounting to $799.60 million. During the previous 2 years of 2019 and 2020, this region did not have significant contribution to the total revenue and thus, the company has refrained from disclosing the figures.
Latin America
Latin America has a contribution of 1% to the total revenue of the company in 2021, amounting to $54.61 million. During the previous 2 years of 2019 and 2020, this region did not have significant contribution to the total revenue and thus, the company has refrained from disclosing the figures.
United States
The United States has a contribution of 64% to the total revenue of the company in 2021, amounting to $2,973.93 million. The revenue from this region increased by 52.18%, from $1,954.11 million in 2020, and by 175.48% from $1,079.52 million in 2019.
United Kingdom
In the latest year of 2021, this region generated insignificant revenue and has no contribution to the total revenue of the company. However, upon analysing the trend in the past two years of 2019 and 2020, we observe that the total revenue has witnessed a rise from $103.50 million to $199.83 million, making a growth of 93,07% in a year.
Rest of world
In the latest year of 2021, this region generated insignificant revenue and has no contribution to the total revenue of the company. However, upon analysing the trend in the past two years of 2019 and 2020, we observe that the total revenue has witnessed a rise from $230.42 million to $460.83 million, making a growth of 99.95% in a year.
About Shopify
Shopify is a Canadian dominant provider of essential e-commerce infrastructure headquartered in Ottawa, Ontario, Canada. It offers trusted tools to grow, market, start, and manage any retail business. The company provides simplified commerce solutions to everyone through its platform and services which are engineered to simplify the experience for consumers while making it reliable and better. The company was founded in 2012 by Tobias Lutke and its common stock is listed on New York Stock Exchange (NYSE) under the ticker symbol “SHOP”.
Did you like Shopify’s Revenue by Region statistic?
Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.
You can get started here.
More data on US Stocks
All articles loaded
No more articles to load
Our Plans
Always know what you’ll pay. No hidden costs or surprises.
- Annual
- Monthly
60% discount until this Sunday
Pro
For serious investing
-
Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
-
Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
-
Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
$19
per month*
Enterprise
For tailored workflows
-
All of Pro plan Get unfettered access to all our dashboards and dossiers.
-
Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
* Billed annually, local taxes extra.
60% discount on Annual plan
Pro
For serious investing
-
Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
-
Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
-
Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
per month*
Enterprise
For tailored workflows
-
All of Pro plan Get unfettered access to all our features.
-
Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
* Local taxes extra.
