Shopify Reports Q3 Revenue Growth of 32% and Projects Low 30s Growth for Q4
Shopify reported strong third-quarter results, characterized by a 32% increase in revenue to $3.7 billion and Gross Merchandise Volume (GMV) rising 29.5% to $119 billion. The company maintained a healthy free cash flow margin of 22%, consistent with previous performance levels. Looking ahead, management provided optimistic guidance for the fourth quarter, expecting revenue growth to remain in the low 30% range. President Harley Finkelstein highlighted significant momentum within the enterprise sector as a key driver for the company's ongoing expansion.
Tickers: $SHOP
Topics: Enterprise expansion Free cash flow margin GMV growth Revenue growth
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