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Shopify reports Q3 revenue $2.84B, consensus $2.76B

Reports Q3 GMV $92.01B and MRR $193M. Harley Finkelstein, President of Shopify (SHOP) said, “We build. We ship. We grow. That’s the model – and it’s running at full speed. From entrepreneurs making their very first sale on Shopify every 26 seconds, to global icons like Estee Lauder, we’re powering growth across the full spectrum of commerce. That scale fuels relentless momentum: GMV up 32%, revenue up 32%, free cash flow margin at 18%. Retail’s busiest season is here, and, as always, Shopify merchants are built for it.” “Our third quarter results show what’s possible when merchant ambition and success meet Shopify’s disciplined execution,” said Jeff Hoffmeister, Chief Financial Officer of Shopify. “We’re not just growing-we’re delivering consistent growth and profitability, quarter after quarter. Q3 was a standout quarter with revenue growth and free cash flow margins both surpassing our robust Q2 performance.”

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