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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.

#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 to install. Free trial available.

Revolutionize decision-making with precise insights that empower consumer brands to scale effectively. This powerful analytics tool provides in-depth tracking of profit margins and an accurate calculation of lifetime value (LTV), assisting in paint a clear financial picture of your business.

The platform's seamless integrations compile essential metrics into one accessible dashboard, making it easy to monitor performance. Features like the automated profit and loss dashboard, shareable email reports, and customer acquisition cost (CAC) payback tools streamline data interpretation.

Cohort analysis is taken to the next level, enabling businesses to identify and act on purchasing patterns. By transforming raw data into actionable insights, it supports informed strategic planning, enhancing understanding of customer behavior and long-term profitability.

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

Lifetimely LTV & Profit by AMP has an average rating of 4.7 out of 5 stars with 439 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 $35/month. Free trial available.

Gain unparalleled visibility into your storeโ€™s financial health with an advanced profit analytics platform designed for Shopify merchants. This tool continuously tracks and calculates key order metrics, delivering real-time insights into your net profit without the hassle of spreadsheets.

Automating data collection and reporting, it transforms complex figures into actionable strategies. Merchants can quickly identify trends, pinpoint areas for improvement, and make informed decisions to drive profitability. This platform enhances data-driven practices by aggregating financial performance indicators, allowing users to focus on building their brand rather than getting lost in tedious calculations.

Ultimately, a streamlined approach to profitability ensures that every decision is backed by robust data, paving the way for sustained growth and success in the competitive e-commerce landscape.

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 580 reviews from Shopify stores.

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#3 Shopify App Award

3. PayHelm: Premium Reports

PayHelm: Premium ReportsPayHelm: Premium ReportsAnalyze Sales, Shipping, Taxes, Fees, Costs, profits & more.PayHelm: Premium ReportsPayHelm: Premium ReportsAnalyze Sales, Shipping, Taxes, Fees, Costs, profits & more.

Free plan available. Free trial available.

Unlocking the potential of various data sources is crucial for driving profitability in e-commerce. This powerful reporting tool seamlessly integrates with multiple platforms, including Amazon and Etsy, providing a panoramic view of business performance. By connecting Google Ads and Facebook Ads, users gain insights into Return on Ad Spend (ROAS), helping to optimize marketing strategies effectively. Comprehensive analysis of shipping costs through UPS labels or ShipStation enables merchants to pinpoint areas for savings. Payment processors like Stripe, Braintree, and PayPal can be linked effortlessly, allowing for meticulous tracking of gateway fees and a clear understanding of Gross Margin percentage and overall profit. Setting up an e-commerce dashboard is streamlined and user-friendly, empowering merchants to make data-driven decisions with confidence. Leverage all these capabilities to refine financial strategies and enhance overall business growth.

PayHelm: Premium Reports is developed and maintained by PayHelm.

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

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4. BeProfit โ€‘ Profit Analytics

BeProfit โ€‘ Profit AnalyticsBeProfit โ€‘ Profit AnalyticsAdd any expenseBeProfit โ€‘ Profit AnalyticsBeProfit โ€‘ Profit AnalyticsAdd any expense

Free to install. Free trial available.

Accessing accurate financial insights is essential for informed decision-making. This app provides real-time tracking of profit and loss, offering an intuitive dashboard that consolidates essential analytics in one user-friendly interface. Understand your performance through detailed reports covering various dimensions such as orders, products, and sales channels.

Gain clarity on how different factors, including shipping charges, discounts, marketing expenses, and payment gateway fees, contribute to overall profitability. The granular cost breakdown helps identify which areas are thriving and which may require strategic adjustments. With this resource, merchants can make data-driven decisions, ultimately enhancing performance and operational efficiency.

By maintaining a pulse on financial metrics, success becomes not just achievable but quantifiable, allowing for sustained growth and profitability in a competitive market.

BeProfit โ€‘ Profit Analytics is developed and maintained by Viably Dev.

BeProfit โ€‘ 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

BeProfit โ€‘ Profit AnalyticsConversific Profit AnalyticsBeProfit โ€‘ Profit AnalyticsConversific Profit Analytics

Unlock valuable insights with a robust analytics solution specifically designed for e-commerce. Empower data-driven decision-making by transforming complex metrics into accessible reports that highlight your store's performance. The platform seamlessly integrates with existing Shopify stores, capturing essential statistical data including revenue trends, customer behaviors, and product performance in real-time. This enables merchants to easily identify opportunities for optimization and growth. Users can view interactive dashboards that deliver comprehensive analytics, ensuring that every decision is informed by accurate, actionable data. Track key performance indicators effortlessly and make systematic adjustments to merchandising strategies or marketing campaigns based on precise customer insights. Make sense of your business's performance with a dedicated tool that serves as a compass in navigating growth opportunities. Drive strategic improvements with clarity and confidence backed by solid analytics tailored to the unique challenges of the e-commerce landscape.

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?

Youโ€™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, itโ€™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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