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VizualStocks API
PUBLIC DATA DEFINITIONS

Shopify KPI & segment coverage

Operating KPI and segment definitions available for Shopify (SHOP) through the VizualStocks API.

SHOP9 metric seriesCatalog checked 2026-10-28

Active metrics 9

COMPANY KPI

Gross Merchandise Volume

Total value of orders facilitated through Shopify and eligible revenue-sharing apps and channels, net of refunds but including shipping, duties and value-added taxes. GMV measures commerce activity generated by Shopify merchants, not revenue earned by Shopify.

grossMerchandiseVolume
Frequency
quarterly / annual
Reported history
Q1'15 — Q2'26
History endpoint
COMPANY KPI

Gross Payments Volume

The portion of Shopify GMV processed through Shopify Payments, including Shop Pay Installments when included by the company. GPV is narrower than GMV because orders paid through third-party payment providers still contribute to GMV but not to Shopify Payments volume.

grossPaymentsVolume
Frequency
quarterly / annual
Reported history
Q1'22 — Q3'26
History endpoint
SEGMENT

Merchant Solutions Gross Profit

Gross profit from Shopify's transaction-linked merchant services after their direct costs, including payment-network and processing costs, lending losses, shipping-label costs and POS hardware costs. The category is led by Shopify Payments but also covers capital, shipping, partner referrals, advertising and other merchant tools.

merchantSolutionsGrossProfit
Frequency
quarterly / annual
Reported history
Q1'15 — Q3'26
History endpoint
SEGMENT

Merchant Solutions Revenue

Revenue from services that help Shopify merchants transact and grow, led by Shopify Payments processing and currency-conversion fees. It also includes lending and financial products, shipping labels, partner referral fees, POS hardware, App Store advertising and Shop Campaigns, so it generally rises with merchant GMV.

merchantSolutionsRevenue
Frequency
quarterly / annual
Reported history
Q1'15 — Q3'26
History endpoint
COMPANY KPI

Monthly Recurring Revenue

Aggregate monthly value of Shopify platform and POS Pro subscription plans in effect on the final day of the period, excluding variable platform fees and assuming merchants continue the next month. Paid trials enter at the trial price while free trials are excluded, making MRR a forward snapshot rather than revenue recognized during the quarter.

monthlyRecurringRevenue
Frequency
quarterly / annual
Reported history
Q1'15 — Q3'26
History endpoint
SEGMENT

Other Gross Profit

Gross profit from any residual revenue category outside Shopify's Subscription Solutions and Merchant Solutions, after the direct costs assigned to that residual revenue. Shopify currently reports only the two named solutions, so it does not disclose a separate Other gross-profit line.

otherGrossProfit
Frequency
quarterly / annual
Reported history
Q1'15 — Q3'24
History endpoint
SEGMENT

Other Revenue

Revenue from any activity outside Shopify's two reported components, Subscription Solutions and Merchant Solutions. Shopify currently classifies all revenue into those two components, so it does not report a separate Other revenue stream.

otherRevenue
Frequency
quarterly / annual
Reported history
Not specified — Not specified
History endpoint
SEGMENT

Subscription Solutions Gross Profit

Gross profit from Shopify's recurring platform and POS Pro plans plus apps, themes and domain registrations, after the direct cost of delivering those services. This is the higher-margin side of Shopify's model and is distinct from transaction-linked Merchant Solutions gross profit.

subscriptionSolutionsGrossProfit
Frequency
quarterly / annual
Reported history
Q1'15 — Q3'26
History endpoint
SEGMENT

Subscription Solutions Revenue

Revenue from subscriptions to Shopify's commerce platform and POS Pro, including variable platform fees, plus app sales, theme sales and domain registrations. It is Shopify's recurring software-oriented revenue component, although it can include GMV-linked variable fees and one-time ecosystem purchases.

subscriptionSolutionsRevenue
Frequency
quarterly / annual
Reported history
Q1'15 — Q3'26
History endpoint