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Shopify (SHOP) Subscription solutions revenue by quarter

Shopify's Subscription solutions revenue was $836M in Q3 2026 (third quarter 2026), +4% from Q2 2026. Over the last 7 quarters it ranged from $620M (Q1 2025) to $836M (Q3 2026).

Shopify Subscription solutions revenue by quarterShopify Subscription solutions revenue by quarter$620MQ1 2025$656MQ2 2025$699MQ3 2025$777MQ4 2025$750MQ1 2026$802MQ2 2026$836MQ3 2026
QuarterSubscription solutions revenueQ/QY/Y
Q3 2026$836M+4%+20%
Q2 2026$802M+7%+22%
Q1 2026$750M-3%+21%
Q4 2025$777M+11%—
Q3 2025$699M+7%—
Q2 2025$656M+6%—
Q1 2025$620M——

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 Subscription solutions revenue?

Shopify's Subscription solutions revenue was $836M in Q3 2026 (third quarter 2026), +4% from Q2 2026.

How has Shopify's Subscription solutions revenue changed?

Over the last 7 quarters it ranged from $620M (Q1 2025) to $836M (Q3 2026).

Q3 2026 results → · How Shopify makes money →