Profit and loss (P&L) report

This report is a month-by-month profit and loss statement - your net sales, every cost line, and net profit, with a column comparing each month against the period before.

What it shows

Three sections, with one column per month:

• Revenue: net sales, which is your order revenue after discounts and refunds, before tax.
• Expenses: cost of goods (COGS), inbound freight and duty, marketing, payment fees, shipping and fulfillment, returns, inventory recovered (a credit for restocked returns), Shopify platform fees, chargebacks, cash on delivery, currency conversion, other direct costs, fixed costs, and salaries, with a total expenses line.
• Profit: gross profit, net profit, and net margin.

Every line has an information tooltip that explains what it includes.

Filters and options

• Reporting period: last 3, 6, or 12 months.
• A "vs prior period" column compares the months shown against the equal-length period just before them.
• Schedule report: get it emailed to you on a schedule.
• Export data: download it as a CSV (Business plan).

When to use it

Use it for the full picture of your business each month, for bookkeeping, or to see which cost line is growing faster than your sales. For how each figure is worked out, read how profit is calculated. To follow a single cost from revenue down to profit, open the profit waterfall, or drill into one sale in the all orders report. This report is part of the Pro plan.