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Earnings Deep Dive | Shopify FY2021 — Rev $4.61B (+57%), Merchant Solutions ~70%

Unique Research · Insight / Earnings · May 27, 2022 · Full rewrite — not a stub

FY2021 (filed Feb 16’22): rev $4.612B (+57.4% YoY; ’19–’21 +47% / +86% / +57%), NI $2.915B (includes ~$2.856B unrealized investment gains), GM ~54–55%. Merchant solutions ~70% of rev; SaaS subscription $1.34B (+47.7%) driven by merchant count/MRR. Merchant-solutions GM rose to 42.9% ’21 from 37.6% ’19. Omnichannel stack: online, mobile, POS; inventory, payments, fulfillment, CRM, analytics, capital. Charts in CN images — attach on ingest.

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Editorial English edition by Unique Research, published on UniqueCapital on May 27, 2022. This translation is based on an earlier Chinese article; the Chinese source is credited separately and is not treated as a line-by-line mirror.

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