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.

1. Lifetimely LTV & Profit by AMP

Free to install. Free trial available.

Unlock essential insights with a powerful resource designed specifically for consumer brands seeking measurable growth. The platform consolidates crucial metrics into a single interface, giving merchants the ability to meticulously track profit margins while calculating accurate customer lifetime value (LTV). Effortlessly analyze marketing performance with rich analytics that detail customer purchasing trends. A streamlined P&L dashboard offers a complete overview of ad spend versus revenue, ensuring financial clarity. Shareable email reports facilitate collaboration and strategic planning, while innovative tools for customer acquisition cost (CAC) payback further fine-tune operational efficiency. Utilize industry-leading cohort analysis to uncover customer behavior patterns, enabling data-driven decisions that foster long-term profitability. Experience the benefit of comprehensive integrations that gather and display the metrics that truly matter for sustainable business success.

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 443 reviews from Shopify stores.

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2. TrueProfit: Profit Analytics

True Profit dashboard, profit calculator, profit tracker

From $35/month. Free trial available.

Accurate financial insights are essential for any merchant navigating the e-commerce landscape. This analytics platform offers a streamlined approach to tracking net profit, freeing store owners from the hassles of manual calculations and error-prone spreadsheets.

By automatically gathering and analyzing order metrics in one centralized location, merchants gain immediate access to vital data that drives profitability. Real-time reporting ensures an up-to-date understanding of revenue trends and expenses, transforming numbers into actionable insights.

With an emphasis on net profit, this tool straightforwardly illustrates the true health of your business. Empowered by detailed analytics, merchants can make informed decisions swiftly and effectively, setting the stage for sustained growth and success.

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 621 reviews from Shopify stores.

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3. PayHelm: Analytics & Reports

Analyze Sales, Shipping, Taxes, Fees, Costs, profits & more.

Free plan available. Free trial available.

Unlock comprehensive insight into your business's financial landscape with an all-encompassing data integration tool. Seamlessly connect various data streams to track performance across multiple platforms including Shopify, Amazon, and Etsy. Benefit from detailed analytics on marketing initiatives: assess the effectiveness of Google Ads and Facebook Ads while gaining an in-depth understanding of Return on Ad Spend (ROAS). Evaluate shipping expenses, including UPS labels and ShipStation fees, to refine logistics strategies. Integration with payment processors like Stripe, Braintree, and PayPal allows for a meticulous examination of gateway fees, thus illuminating key metrics such as Gross Margin percentages and overall profitability. Establish a personalized eCommerce dashboard tailored to your business's unique needs—transform data into actionable insights that drive growth and elevate decision-making. Embrace clarity in your financial analysis through this robust reporting solution.

PayHelm: Analytics & Reports is developed and maintained by PayHelm.

PayHelm: Analytics & Reports has an average rating of 5 out of 5 stars with 7 reviews from Shopify stores.

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4. BeProfit ‑ Profit Analytics

Free to install. Free trial available.

Analyzing profit and loss can be a complex challenge for any merchant. This app streamlines the financial landscape with a user-friendly dashboard, enabling precise tracking of revenue and expenses in real-time. Gain insights into profit contributions across orders, products, countries, platforms, and stores from a single interface. Transparency is key with comprehensive cost breakdowns that highlight the impact of shipping, discounts, marketing expenses, gateway fees, and other variables on overall profitability. Users can conveniently access detailed analytics to monitor lifetime profit and customer retention metrics, empowering them to make informed business decisions. With a wealth of powerful reporting features, achieve a thorough understanding of financial performance and ensure an optimized approach to revenue management. Elevate financial clarity and steering of business strategy with this essential tool for e-commerce success.

BeProfit ‑ Profit Analytics is developed and maintained by Viably Dev.

BeProfit ‑ Profit Analytics has an average rating of 4.5 out of 5 stars with 345 reviews from Shopify stores.

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5. Conversific Profit Analytics

Gain invaluable insights into your Shopify store's performance with this comprehensive analytics tool designed for discerning merchants.

Harness the power of data to unlock profitability and streamline decision-making. This app delivers detailed reports on sales trends, customer behavior, and product performance, allowing for informed adjustments to optimize inventory and marketing strategies.

Utilizing advanced analytics, users can effortlessly track vital metrics and visualize data through user-friendly dashboards. Automate reporting to save precious time and maintain focus on growth.

Business owners can efficiently identify high-performing products and customer segments while pinpointing areas that require attention. Enhanced tracking capabilities ensure every decision is backed by solid analytical evidence, ultimately driving revenue and improving customer satisfaction.

Turn numbers into actionable insights and transform your store management approach with a tool that aligns perfectly with ambitious growth goals.

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!