Filing Flows › Shopify (SHOP) › Merchant solutions revenue
Shopify (SHOP) Merchant solutions revenue by quarter
Shopify's Merchant solutions revenue was $2.9B in Q3 2026 (third quarter 2026), +4% from Q2 2026. Over the last 7 quarters it ranged from $1.7B (Q1 2025) to $2.9B (Q3 2026).
| Quarter | Merchant solutions revenue | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | $2.9B | +4% | +35% |
| Q2 2026 | $2.8B | +15% | +37% |
| Q1 2026 | $2.4B | -16% | +39% |
| Q4 2025 | $2.9B | +35% | — |
| Q3 2025 | $2.1B | +6% | — |
| Q2 2025 | $2.0B | +16% | — |
| Q1 2025 | $1.7B | — | — |
Q3 2026 at a glance
Shopify, Q3 2026: revenue $3.7B (+32% year over year), operating margin 15.2%, net earnings $462M, operating cash flow $818M. The chart follows the revenue to costs, profit and cash.
Questions
What is Shopify's Merchant solutions revenue?
Shopify's Merchant solutions revenue was $2.9B in Q3 2026 (third quarter 2026), +4% from Q2 2026.
How has Shopify's Merchant solutions revenue changed?
Over the last 7 quarters it ranged from $1.7B (Q1 2025) to $2.9B (Q3 2026).