Shopify’s Revenue by Region (2015-2021)

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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.
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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”.

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