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Shopify reports Q2 adjusted EPS 14c, consensus 5c

Reports Q2 revenue $1.7B, consensus $1.62B. Gross Merchandise Volume, or GMV, increased 17% to $55.0B, an increase of $8.2B over the second quarter of 2022, up 18% on a constant currency basis. Gross Payments Volume, or GPV, grew to $31.7B, representing 58% of GMV processed in the quarter, versus $24.9B, or 53%, for the second quarter of 2022.

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