THE 2026 BFCM PROFIT REPORT

The anatomy of a more profitable Black Friday

We pulled apart a year of Shopify orders to understand what made BFCM profitable, what held brands back and what the numbers tell us about planning a better Black Friday. Here's what we found.

Get the 2026

BFCM Profit Report

THE 2026 BFCM PROFIT REPORT

The anatomy of a more profitable Black Friday

We pulled apart a year of Shopify orders to understand what made BFCM profitable, what held brands back and what the numbers tell us about planning a better Black Friday. Here's what we found.

Get the 2026

BFCM Profit Report

THE 2026 BFCM PROFIT REPORT

The anatomy of a more profitable Black Friday

We pulled apart a year of Shopify orders to understand what made BFCM profitable, what held brands back and what the numbers tell us about planning a better Black Friday. Here's what we found.

Get the 2026

BFCM Profit Report

INSIDE THE REPORT

The key lessons from BFCM 2025

The key lessons from BFCM 2025

From discounting decisions to customer behaviour and the sales that followed, explore five revealing patterns that shaped BFCM 2025.

-1%

Mid-range discounters didn't grow. Light and heavy discounters both did.

6 in 10

BFCM buyers had already shopped with the brand.

32%

Of Cyber Monday sales landed between 8pm and midnight.

2×

Sales grew twice as fast as ad spend.

-22%

Daily sales fell in the four weeks after the sale.

New for 2026

The customers, codes and channels behind the sale.

The customers, codes and channels behind the sale.

This year's report takes a closer look at what happens beyond the initial purchase, revealing how BFCM customers spend over time, which discount codes attract different buyers and what creator-led acquisition delivers.

BFCM chorts

2.4x

More new customers per day during BFCM

But BFCM-acquired customers spent less on repeat orders over the following year than customers acquired in October. The acquisition spike didn't necessarily translate into greater long-term value.

Discount codes

89%

Of welcome-code orders came from new customers

Welcome, loyalty and creator codes reached distinctly different audiences. Understanding who uses each code can help brands match incentives to the customers they want to reach.

Creators & loyalty

+37%

Higher average order value from TikTok-acquired customers

TikTok-acquired customers spent more per order but returned to purchase less often than customers from other major channels. A larger first order doesn't always mean greater lifetime value.

TRUSTED BY RETAILS BEST OPERATORS

“ProfitPeak gives a deep understanding of the inputs to control the outputs, unifying data so we can make rapid, informed commercial decisions.”

“ProfitPeak gives a deep understanding of the inputs to control the outputs, unifying data so we can make rapid, informed commercial decisions.”

Sam Reece

General Manager, Babyboo

FROM DATA TO DECISIONS

Inside the numbers

Inside the numbers

The complete picture of BFCM, from first click to final sale.

What happened at BFCM 2025

What happened at BFCM 2025

Explore how the sales surge unfolded, when shoppers bought and why performance varied across brands.

The economics of discounting

The economics of discounting

Understand how discount depth, product selection and promotional codes influenced sales and profitability.

Who bought and who came back

Who bought and who came back

Discover who shopped during BFCM, what those customers were worth and which channels drove lasting value.

Paid media

Paid media

See how advertising spend, marketing efficiency and rising acquisition costs shaped BFCM performance.

When the sale ends

When the sale ends

Explore what happens to sales and customer demand once the BFCM rush is over.

Looking ahead to BFCM 2026

Looking ahead to BFCM 2026

Understand the trends shaping retail in 2026, from early customer demand to AI-driven discovery.

Get the full report

Put the findings into practice with nine actionable plays for before, during and after the sale.

BFCM DATA, UP CLOSE

Get the full picture

Get the full picture

Use real sales, customer and profitability data to guide your strategy, prioritise spend and protect your margins.

Who bought at BFCM 2025

Customer purchase history across 136 Shopify stores

60%

had bought before

40%

Never purchased before

32%

Purchased within 90 days

10%

Purchased 91–180 days ago

12%

Purchased 181–365 days ago

6%

Purchased 1–2 years ago

1%

Purchased more than 2 years ago

When new customers came back

Dresses

48 days

Mid Jan

JEWELLERY

47-61 days

Mid to late Jan

TOPS & PANTS

45–66 days

Mid Jan - Early Feb

FOOTWEAR

60–67 days

Late Jan - Early Feb

ACTIVEWEAR

67–80 days

Early to mid-Feb

BEAUTY

72–77 days

Mid Feb

SUPPLEMENTS

84–88 days

Late Feb

THE 2026 BFCM PROFIT REPORT

Make this your most informed BFCM yet.

Before you commit to discounts, budgets and campaigns, see what last year's performance data reveals about the decisions that matter most.

Get the 2026

BFCM Profit Report

THE 2026 BFCM PROFIT REPORT

Make this your most informed BFCM yet.

Before you commit to discounts, budgets and campaigns, see what last year's performance data reveals about the decisions that matter most.

Get the 2026

BFCM Profit Report

AI for retails best operators

AI for retails best operators

Get the 2026

BFCM Profit Report

Get the 2026

BFCM Profit Report

Download the report