Commerce.com (CMRC) Reports Q3 2026 Results with Increased GMV and Improved Operating Margins
Commerce.com (CMRC) reported third-quarter 2026 financial results characterized by a divergence between revenue and transaction volume. While total revenue fell 2.1% year-over-year to $84.2 million, Gross Merchandise Volume (GMV) saw a robust 14% increase to $9 billion. The company achieved a non-GAAP operating margin of 9.5%, slightly up from the previous year, despite facing pressure from AI-related infrastructure costs and strategic shifts in partner revenue. The company is currently undergoing a restructuring process aimed at achieving annual cost reductions between $60 million and $80 million by mid-2027. While net revenue retention saw a slight sequential decline to 94.7%, BigCommerce Payments adoption grew significantly, with live stores using the PayPal-powered solution increasing by 65% sequentially. Management maintained its full-year revenue guidance while raising the midpoint of its non-GAAP operating income outlook.
Topics: gross merchandise volume guidance net revenue retention operating income revenue