SHOP•Shopify reported third-quarter revenue of $3.74 billion, up 32% year over year, adjusted EPS of $0.49 and GMV of $119.15 billion. It expects fourth-quarter revenue growth at a low-thirties percentage rate year over year.
Shopify's third-quarter revenue increased 32% year over year to $3.74 billion, while adjusted earnings per share were $0.49. Gross merchandise volume reached $119.15 billion, and free cash flow margin was 22%.
Shopify expects fourth-quarter revenue to grow at a low-thirties percentage rate year over year and gross profit dollars to rise at a high-twenties rate. It expects operating expenses to be 29% to 30% of revenue. Merchant solutions revenue rose 35% and subscription solutions revenue increased 20% in the third quarter.
