👀🔥👉Shopify Reports $2.84 Billion Revenue in Q3 2025, Surpasses Analyst Expectations
Shopify (SHOP) reported its third-quarter 2025 earnings with revenue of $2.84 billion, surpassing the estimated $2.76 billion. Monthly recurring revenue was $193 million, slightly below the estimated $195 million. Merchant Solutions revenue reached $2.15 billion, beating the estimate of $2.06 billion, while subscription revenue met expectations at $699 million. The company posted an operating income of $343 million, above the estimated $311.4 million, with total operating expenses in line with projections at $1.05 billion. Gross merchandise volume (GMV) was $92.01billion, higher than the estimated $88.87 billion. Analysts remain positive with 32 buy ratings, 20 hold ratings, and no sell ratings for Shopify.
The company continues to see strong growth and solid performance in merchant solutions and GMV, indicating ongoing momentum in its core e-commerce platform business for Q3 2025.