$7.15M is 22% of Monthly Recurring attributed to Shopify Plus from the quote from the earnings call. $7.15M divided by $2,000/month for the cost of a Plus subscription yields 3575 Shopify Plus Merchants.
Thanks Darthtaco. That’s good info! But the number of Shopify Plus merchants will be a bit higher because those that joined during the last quarter will have paid less than an average of $2000 per month during Q1.
Chris