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The best profit calculator apps for Shopify in 2024

Written by
Adam Sturrock
Published on
May 7, 2024

With the ever-growing number of Shopify apps topping 7,000, selecting the right profit calculator apps for your Shopify store is more critical than ever in 2024. The choice of profit calculator apps can significantly impact your store's financial management and overall profitability. From beginner eCommerce entrepreneurs to established Shopify businesses, finding the best profit calculator apps tailored to your specific needs can make a substantial difference in streamlining operations and maximizing revenue.

In this guide, we've curated a list of top-tier profit calculator apps designed to help Shopify merchants of all levels accurately calculate profits, margins, and pricing strategies. Whether you're a small store looking to boost your bottom line or a large enterprise aiming to fine-tune your financial approach, the right profit calculator app can be a game-changer for your Shopify store in 2024.

Let's explore our handpicked selection of the best profit calculator apps for Shopify to empower your business and drive financial success in the upcoming year.

Shopify, the leading e-commerce platform, is home to over 2 million active stores, representing a substantial 20% of the global e-commerce market. Shopify is especially renowned for accommodating a diverse range of merchants, from newcomers setting up their first store to large enterprises and household brands. Shopify's accessibility for beginners and scalability for major businesses make it an ideal choice for many individuals and businesses.

The platform provides a wide array of free and paid templates, effectively reducing development costs. Additionally, there are specialized Shopify agencies and experts proficient in handling a wide variety of requirements, offering a valuable resource for those who might otherwise need to build a comprehensive in-house team.

However, with over 7,000 Shopify apps available, choosing the right profit calculator apps for your Shopify store is crucial for effective business growth and efficient operation. This selection process and the resulting profit calculator apps utilized can significantly impact the management and scalability of a Shopify store.

With this in mind, this guide has been crafted with beginner eCommerce store owners to ambitious and sophisticated Shopify businesses in mind. The Shopify profit calculator apps we've selected are also immensely beneficial for medium and large Shopify stores that aim to outshine their competitors.

Let's dive into our top profit calculator app recommendations for Shopify!

#1 Shopify App Award

1. Lifetimely LTV & Profit by AMP

Lifetimely LTV & Profit by AMPLifetimely LTV & Profit by AMPTrack profits in real-timeLifetimely LTV & Profit by AMPLifetimely LTV & Profit by AMPTrack profits in real-time

Free plan available. Free trial available.

Leverage precise customer lifetime value calculations, accurate profit tracking, and insightful marketing analytics with this adept Shopify app. Built for direct-to-consumer brands, this application integrates seamlessly with your existing data sources, presenting all your key metrics under a single hub. Say goodbye to disparate spreadsheets and hello to profitable, data-guided decisions.

The app offers distinct tools to analyze patterns in customer purchase behavior, supplementing your marketing strategies while ensuring they align with purchasing trends. Its unrivaled cohort analysis offers a deep dive into your customer base, helping you understand long-term user behavior effectively.

With versatile P&L dashboards and easily shareable email reports, delivery of key insights has never been so simple. Plus, with the built-in Customer Acquisition Cost (CAC) payback tools, the application helps set realistic marketing budgets, amplifying profitability in the long run.

Optimize your decision-making process, elevate your sales strategy and stay ahead of the curve with top-tier analytics and reporting features embedded in this app.

Lifetimely LTV & Profit by AMP is developed and maintained by Lifetimely.io.

Lifetimely LTV & Profit by AMP has an average rating of 4.8 out of 5 stars with 433 reviews from Shopify stores.

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#2 Shopify App Award

2. TrueProfit: Profit Analytics

TrueProfit: Profit AnalyticsTrueProfit: Profit AnalyticsTrue Profit dashboard, profit calculator, profit trackerTrueProfit: Profit AnalyticsTrueProfit: Profit AnalyticsTrue Profit dashboard, profit calculator, profit tracker

From $25/month. Free trial available.

Dive straight into clear, real-time profit tracking with this product's advanced Net Profit Analytics platform. It's more than just numbers – this app is a strategic tool that transforms complex metrics into straightforward insights, providing store owners with the ultimate snapshot of their financial performance. Decipher your 'true profit', all automatically and error-free, to guide meaningful decisions steeped in data, not guesswork.

Gone are the days of meticulous spreadsheet management. This app seamlessly acquires, evaluates and displays all crucial order metrics in one centralized hub. Rather than fighting with row after row of raw data, you'll be greeted with user-friendly analytics to give you that much-desired 'big picture' view of your operation's finances.

With this app, knowledge is power and profitability. Transcend the limitations of traditional monitoring methods and step into a world of efficient profit analytics. Get more than just a glance at your numbers - get granular, going beneath the surface to scrutinize the details that truly count. See the numbers, understand the story behind them, and make deliberate, data-driven decisions to bolster your bottom line.

TrueProfit: Profit Analytics is developed and maintained by TrueProfit Real-time Profit & LTV tracking.

TrueProfit: Profit Analytics has an average rating of 4.9 out of 5 stars with 409 reviews from Shopify stores.

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#3 Shopify App Award

3. PayHelm Export & Reporting

PayHelm Export & ReportingPayHelm Export & ReportingAnalyze Sales, Shipping, Taxes, Fees, Costs, profits & more.PayHelm Export & ReportingPayHelm Export & ReportingAnalyze Sales, Shipping, Taxes, Fees, Costs, profits & more.

Free plan available. Free trial available.

Empower your business operations with an all-encompassing solution that integrates diverse data points to provide in-depth analysis of your e-commerce profitability. Seamlessly aggregate information from several stores and platforms, including Amazon and Etsy, unifying multiple marketing channels into a single, intuitive interface.

Rigorous performance analysis is also made available for Google Ads and Facebook Ads, enabling efficient monitoring of Return On Ad Spend (ROAS). Additionally, shipping costs from UPS labels or ShipStation can be evaluated, offering insights to streamline your logistical expenditure.

At the heart of the system lies an advanced integration capability with major payment processors, such as Stripe, Braintree and PayPal. This crucial functionality allows comprehensive monitoring of gateway fees, providing an accurate overview of gross margin percentage and net profit.

Establish an efficient e-commerce dashboard, tailored to your specialized business requirements. As you navigate the complexities of online trade, let this ambitious, multidimensional app be your reliable analytical compass, fostering an environment of informed decision-making and steadfast growth.

PayHelm Export & Reporting is developed and maintained by PayHelm.

PayHelm Export & Reporting has an average rating of 5 out of 5 stars with 7 reviews from Shopify stores.

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4. BeProfit ‑ Profit Analytics

BeProfit ‑ Profit AnalyticsBeProfit ‑ Profit AnalyticsAdd any expenseBeProfit ‑ Profit AnalyticsBeProfit ‑ Profit AnalyticsAdd any expense

Free plan available. Free trial available.

Facilitate a crystal clear understanding of your business profitability with this highly efficient profit tracker. Offering real-time insights, this tool ensures complete oversight over your profit & loss with an easy-to-interact analytics dashboard and detailed reports. Monitor your financial performance from multiple dimensions - orders, products, countries, platforms, or even different shops.

This tool excels at dissecting costs to clearly identify their impact on your profitability. Understand the weight of shipping, discounts, marketing efforts, gateway fees and more on your bottom line. Gain a deeper grasp of metrics like lifetime profit and retention, and how various operational costs affect those.

Ditch complicated streamlining and manual calculations in favor of this comprehensive, automated solution. This intuitive and full-featured profit tracker offers the exact financial visibility required for strategic decision-making, ultimately enabling smarter business management. It's not just about tracking numbers, it's about driving growth based on informed, profit-driven decisions. Efficient, transparent, and insightful - optimal profitability is within your reach.

BeProfit ‑ Profit Analytics is developed and maintained by BeProfit πŸ“Š.

BeProfit ‑ Profit Analytics has an average rating of 4.6 out of 5 stars with 343 reviews from Shopify stores.

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5. Conversific Profit Analytics

BeProfit ‑ Profit AnalyticsConversific Profit AnalyticsConversific - Profit Analytics - Industry Benchmark ReportsBeProfit ‑ Profit AnalyticsConversific Profit AnalyticsConversific - Profit Analytics - Industry Benchmark Reports

Free plan available. 14-day free trial.

Experience the harmonious blend of in-depth analysis and smart data utilization with this robust profit analytics platform. Taking an intelligent approach to uncover your true profit, this tool is aimed at driving sales and optimizing your Shopify store's performance. Explore the abilities to calculate your net profit, evaluate the ROI after every spend, or dig into conversion rates of each unique funnel.

The app seamlessly integrates with platforms like Google Analytics and Facebook, aggregating all of your marketing channels in one central location. By bridging this data, it allows you a complete view of your store's financial health and customer purchasing patterns. Demystify the details, and know your Average Order Value (AOV), Customer Lifetime Value (CLTV), and Return on Ad Spend (ROAS). Track your best-selling products and visualize the trends that inform your business strategies.

Beyond purely sales and marketing insights, this app sharpens its focus on audience segmentation. Recognize your loyal customers' buying habits, then incentivize them, maximizing their contribution to your store's profitability. This refined understanding of your audience takes store management and financial oversight to new echelons of optimization.

Trust this comprehensive Shopify profit analytics platform not just as another tool, but as integral machinery vital for efficient store operation and sustainable financial growth.

Conversific Profit Analytics is developed and maintained by Conversific Profit Analytics.

Conversific Profit Analytics has an average rating of 4.7 out of 5 stars with 147 reviews from Shopify stores.

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We hope you found this guide on the top profit calculator apps for Shopify useful.

Did we miss an app you think should be included in this guide, please let us know!

Top Shopify profit calculator apps FAQ

Which profit calculator apps do I need for my Shopify store?

You’ll want to take advantage of the many profit calculator apps and integrations available to make your Shopify store the best it can be. Every profit calculator app highlighted in this article can help take your Shopify store to the next level! With that said, if you can't find what you're looking for in this guide, we recommend checking our comprehensive list of every Shopify profit calculator app!

What is the best profit calculator app for Shopify?

The Shopify App Store is always adding new apps, but by analyzing merchant reviews, average ratings, estimated install counts, pricing and other signals we've identified that Lifetimely LTV & Profit by AMP is one of the top Shopify profit calculator apps available for merchants in 2024.

With that said, it’s not always the best idea to just go for the most popular app or our recommendations. Always look at how many Shopify stars the app has and what the reviews are saying about the app itself. Where possible, we highly recommend testing apps you are considering by leveraging free trials before commiting to any fixed monthly subscription costs.

Why do I need to install a Shopify profit calculator app?

Whilst Shopify comes with a broad range of features and capabilities out of the box, many profit calculator apps go above and beyond what Shopify can provide. Every store has unique requirements and a diverse range of apps are available to meet these needs.

How many profit calculator apps are recommended for Shopify?

We recommend including atleast one profit calculator app for your Shopify store if this type of app would be beneficial for your store. There are a lot of free options out there and some great profit calculator apps that will help you run your business as smoothly as possible.

Can I build my own custom profit calculator app for Shopify?

The short answer is yes ofcourse! Shopify provides a lot of great documentation to build profit calculator apps.

The longer answer is that you should weigh up the upfront time, resources and costs of building a custom apps vs finding a profit calculator app that handles the majority of your requirements for free or for a low monthly fee.

Ofcourse if you can't find a suitable profit calculator Shopify app to meet your needs then it's definitely worth investigating what it would take to build the app of your dreams!

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