Shopify Inc. (SHOP) Revenue by Segment
Shopify revenue by segment at a glance
In Q2 fiscal 2026 (the quarter ended June 30, 2026), Shopify's largest product or service was Service, with $2.78 billion or 78% of revenue, up 37.4% from a year earlier. Next: Subscription and Circulation (22%).
The fastest-growing product or service from a year earlier was Service (+37.4%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q1 fiscal 2024.
Shopify Inc.
SHOP
Financial Services
Revenue breakdown
Fiscal quarters, from company filings
Shopify revenue by product or service, last 4 quarters
| Product or service | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Service | $2.8B | $2.4B | $2.1B | $2.0B | 78% |
| Subscription and Circulation | $802.0M | $750.0M | $699.0M | $656.0M | 22% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Questions and answers
Which product or service makes the most money for Shopify?
Service: $2.78 billion, or 78% of revenue, in Q2 fiscal 2026.
What are Shopify's main products and services?
By revenue in Q2 fiscal 2026: Service (78%) and Subscription and Circulation (22%).
Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
