We present the quasar luminosity function (LF) at z = 7, measured with 35 spectroscopically confirmed quasars at 6.55 < z < 7.15. The sample of 22 quasars from the Subaru High-z Exploration of Low-Luminosity Quasars (SHELLQs) project, combined with 13 brighter quasars in the literature, covers an unprecedentedly wide range of rest-frame ultraviolet magnitudes over −28 < M
1450 < −23. We found that the binned LF flattens significantly toward the faint end populated by the SHELLQs quasars. A maximum likelihood fit to a double power-law model has a break magnitude
M
1450
*
=
−
25.60
−
0.30
+
0.40
, a characteristic density
Φ
*
=
1.35
−
0.30
+
0.47
Gpc−3 mag−1, and a bright-end slope
β
=
−
3.34
−
0.57
+
0.49
, when the faint-end slope is fixed to α = −1.2 as observed at z ≤ 6. The overall LF shape remains remarkably similar from z = 4 to 7, while the amplitude decreases substantially toward higher redshifts, with a clear indication of an accelerating decline at z ≥ 6. The estimated ionizing photon density, 1048.2±0.1 s−1 Mpc−3, is less than 1% of the critical rate to keep the intergalactic medium ionized at z = 7, and thus indicates that quasars are not a major contributor to cosmic reionization.