The Business Study
Shopify Inc. · SHOPHow Shopify makes money
Shopify brought in $11.6 billion in revenue in 2025 and kept $1.2 billion as profit: $10.65 of every $100. Its biggest source of money was Merchant solutions, at $8.8 billion (76% of the total).
From Shopify's Form 10-K for the year ended December 31, 2025. Page updated November 8, 2026.
Out of every $100 Shopify took in, it kept
Where Shopify's money comes from. 2 lines in its 10‑K.
6 years of Shopify's revenue and profit.
Fiscal years as Shopify reports them; the latest ended December 31, 2025. Profit is net income.
Quick answers about Shopify.
How does Shopify make money?
Shopify charges stores a monthly subscription and earns most of its money from payments and other merchant services. The biggest line in its latest 10-K is Merchant solutions ($8.8 billion).
How much money does Shopify make a year?
$11.6 billion in revenue in 2025, and $1.2 billion in net profit. That's up 30% from the year before.
Is Shopify profitable?
Yes. Shopify made $1.2 billion in net profit in 2025, which is $10.65 of every $100 it took in. It lost money in 2022.
How many employees does Shopify have?
About 7,600 employees as of December 31, 2025. That works out to $1.52 million in revenue per employee.
Is Shopify growing?
Yes. Revenue went from $2.9 billion in 2020 to $11.6 billion in 2025, up 294%.
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CompareSource: Shopify Inc., annual report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 11, 2026.
Revenue, profit and the breakdowns are the numbers the company reported in that filing (its XBRL data). Profit means net income; "operating profit" means operating income. Nothing on this page is estimated.