Compare Substack, beehiiv, and Kit (formerly ConvertKit) fees and net paid-newsletter revenue using subscriber count, monthly and annual pricing, platform fees, processing costs, and growth.

Audience and pricing assumptions

Enter paid subscribers and billing cadence because a per-charge fee applies twelve times a year to monthly plans.

Paid newsletter

Amount in US dollars.
Amount in US dollars.
Value in percent.
Unit: years.
Value in percent.

Substack costs

Amount in US dollars.

Use the subscriber tier and feature plan you actually need.

Value in percent.
Value in percent.
Value in percent.

Keep at zero when billing is included in the displayed processing rate.

Amount in US dollars.
Amount in US dollars.

beehiiv costs

Amount in US dollars.

Use the subscriber tier and feature plan you actually need.

Value in percent.
Value in percent.
Value in percent.

Keep at zero when billing is included in the displayed processing rate.

Amount in US dollars.
Amount in US dollars.

Kit (ConvertKit) costs

Amount in US dollars.

Use the subscriber tier and feature plan you actually need.

Value in percent.
Value in percent.
Value in percent.

Keep at zero when billing is included in the displayed processing rate.

Amount in US dollars.
Amount in US dollars.

Newsletter revenue after fees

The model applies the same subscriber path and prices to every platform.

Highest projected net revenue

Kit (ConvertKit): $175,099

Modeled advantage over the next-highest net result: $652 across 3 years. Audience growth, discovery, ad revenue, recommendations, and conversion differences are not assigned a dollar value.

First-year leader

Kit (ConvertKit)

$52,900 after entered first-year fees.

Projected paid audience

605

At 10% annual growth in year 3.

Winning effective fee

5.54%

Cumulative fees divided by cumulative subscription revenue.

3-year platform comparison

PlatformGross subscription revenuePlatform and payment feesEffective feeNet revenue
Kit (ConvertKit)$185,360$10,2615.54%$175,099
beehiiv$185,360$10,9135.89%$174,447
Substack$185,360$28,98215.64%$156,378

Year-by-year net revenue

YearSubstackbeehiivKit (ConvertKit)
1$47,244$52,648$52,900
2$51,968$57,972$58,190
3$57,165$63,828$64,009

How this calculator works

Gross revenue combines monthly subscribers billed twelve times with annual subscribers billed once. Percentage platform, processing, and recurring-billing fees apply to gross revenue. The fixed fee applies to every charge, then software and other annual costs are added.

Paid subscriber count changes once per modeled year at the entered growth rate. The calculator holds pricing and platform costs constant unless you edit them; subscriber-tier upgrades and taxes must be entered from the quote that applies to your list.

Paid newsletter platform guide

Compare Substack, beehiiv, and Kit by what you keep

Newsletter platform costs combine subscription plans, platform take rates, payment processing, recurring billing, and fixed charges. A free publishing plan can still be expensive at scale when it takes a percentage of paid revenue.

The lowest fee is only one part of the choice. Each platform has different publishing, automation, recommendation, analytics, ad, commerce, and migration tools. Use the result as a financial baseline, then compare the features your newsletter actually needs.

How to use this tool

  1. Count paying subscribers

    Use current paid members or a conservative launch estimate.

  2. Split monthly and annual billing

    Annual billing creates fewer fixed processing charges and may use a discounted price.

  3. Select the needed subscriber tier

    Enter the monthly software plan required by your full active list and feature set.

  4. Test growth scenarios

    Change paid subscriber growth and projection length to see when a revenue take rate becomes material.

Why billing cadence matters

A subscriber paying monthly creates twelve card charges each year; an annual subscriber creates one. At the same gross price, per-transaction charges make annual billing less expensive to process.

Value outside direct subscription revenue

  • Built-in audience discovery and recommendation networks
  • Email automations, segmentation, and analytics
  • Advertising, sponsorship, and digital-product tools
  • Custom domains, branding removal, API access, and team seats

Platform pricing, subscriber tiers, feature access, and payment fees change. Defaults were reviewed in September 2026 and assume U.S. card pricing; replace them with the prices shown for your account and country.

Sources and further reading

Frequently asked questions

Is ConvertKit now called Kit?

Yes. The product is branded Kit, formerly ConvertKit. The calculator uses both names so existing users can recognize it.

Why does Substack have a separate billing-fee field?

Substack documents a recurring Stripe Billing fee in addition to its platform share and standard card processing. Keeping it separate makes the calculation auditable and editable.

Does beehiiv charge a percentage of paid subscriptions?

beehiiv currently advertises a 0% platform take rate on plans that support paid subscriptions, while standard payment processing still applies. Enter the paid plan for your subscriber tier.

Built for transparent, user-controlled estimates

Methodology reviewed July 2026. Inputs stay in your browser; results change only when you change an assumption.

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