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Analytics
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How to Read Shopify Analytics

Your Shopify analytics hold the key to understanding your business performance. This guide helps you interpret the data and turn insights into action.

Flex Commerce Team
Updated February 2024

Analytics Overview

Shopify Analytics provides built-in reporting for every store. The depth of data available depends on your plan, with higher plans offering more detailed reports and longer data retention.

Access your analytics by clicking "Analytics" in the left sidebar of your Shopify admin. The overview dashboard shows your most important metrics at a glance, with detailed reports available in the "Reports" section.

Analytics by Plan

  • Basic Shopify: Overview dashboard, finance reports, product analytics
  • Shopify: All Basic reports plus professional reports (customers, orders, sales)
  • Advanced: All reports plus custom report builder and advanced filters
  • Plus: All Advanced features plus unlimited data history and API access

Key Metrics Explained

Understanding what each metric means is essential for making informed decisions. Here are the most important metrics you'll encounter.

Total Sales

The total value of orders placed, including taxes and shipping but before refunds. This is your top-line revenue figure.

Net Sales

Total sales minus discounts, returns, and refunds. This better represents your actual revenue.

Online Store Sessions

The number of visits to your store. A session ends after 30 minutes of inactivity or at midnight.

Conversion Rate

The percentage of sessions that resulted in an order. Calculated as (Orders / Sessions) x 100. Industry average is 1-3%.

Average Order Value (AOV)

The average amount spent per order. Calculated as Total Sales / Number of Orders. Higher AOV means more revenue per customer.

Returning Customer Rate

The percentage of orders from repeat customers. Higher rates indicate customer loyalty and satisfaction.

Dashboard Reports

The analytics dashboard provides a quick snapshot of your store's performance. Here's how to read each section.

Date Comparison

Always compare your metrics to a previous period. The percentage change shows whether you're improving or declining. Compare to:

  • Previous period: Last 7 days vs the 7 days before that
  • Previous year: Same period last year (accounts for seasonality)

Live View

The live view shows real-time activity on your store: current visitors, their locations, and recent orders. Useful during promotions or high-traffic events.

Export Your Data

Click "Export" on any report to download a CSV file. This allows you to analyse data in spreadsheets, create custom visualisations, or share with your team.

Traffic Analysis

Understanding where your visitors come from helps you focus marketing efforts on the most effective channels.

Traffic Sources

  • Direct: Visitors who typed your URL directly or used a bookmark
  • Search: Organic traffic from search engines (Google, Bing)
  • Social: Traffic from social media platforms
  • Email: Visitors from email marketing campaigns
  • Referral: Traffic from other websites linking to you

Acquisition Reports

Go to Analytics → Reports → Acquisition to see detailed breakdowns. Look at not just sessions, but conversion rate per channel. A channel with fewer visitors but higher conversion may be more valuable.

UTM Tracking

Use UTM parameters on your marketing links to see exactly which campaigns drive traffic. Shopify automatically picks up UTM tags and shows them in acquisition reports.

Sales Reports

Sales reports help you understand what's selling, when, and to whom.

Sales by Product

See which products generate the most revenue and units sold. Look for:

  • Top sellers to ensure stock availability
  • Slow movers that might need promotion or discontinuation
  • Products with high views but low sales (potential conversion issues)

Sales by Time

Identify patterns in when customers buy. This informs when to send emails, run ads, or schedule promotions.

Sales by Location

See where your customers are located. This helps with:

  • Ad targeting by geography
  • Shipping carrier selection
  • International expansion opportunities

Customer Insights

Customer reports reveal who your buyers are and how they behave over time.

Customer Cohorts

Cohort analysis groups customers by when they first purchased and tracks their behaviour over time. This shows customer retention and lifetime value trends.

First-Time vs Returning

Track the balance between new customer acquisition and repeat purchases. A healthy business typically sees 20-40% of orders from returning customers.

Too few returning customers

May indicate product quality issues, poor post-purchase experience, or lack of retention marketing.

Too few new customers

Suggests acquisition efforts need improvement or market saturation in current channels.

Taking Action on Data

Data is only valuable if it leads to action. Here's how to turn insights into improvements.

Weekly Review Routine

  1. 1
    Check top-level metrics

    Compare sales, sessions, and conversion rate to the previous week and same week last year.

  2. 2
    Identify anomalies

    Any significant increases or decreases? Investigate the cause.

  3. 3
    Review traffic sources

    Which channels performed best? Where should you increase investment?

  4. 4
    Check inventory levels

    Are top sellers in stock? Any products close to selling out?

Need Analytics Help?

Our team can set up custom reports, create dashboards, and help you interpret your data to make better business decisions.