Shopify earned $2.84 billion USD in total revenue during the third quarter, marking 32 percent growth year-over-year. That’s far ahead of the mid-to-high twenty-percent growth rate the company forecast for this period at the end of Q2.

The Ottawa-based e-commerce giant also posted an 18 percent free cash flow margin in Q3, for its ninth consecutive quarter in the double-digits by this metric (up from 16 percent during the second quarter and in line with its prior projection).

“Our third quarter results show what’s possible when merchant ambition and success meet Shopify’s disciplined execution,” Shopify CFO Jeff Hoffmeister said in a statement. “We’re not just growing—we’re delivering consistent growth and profitability, quarter after quarter. Q3 was a standout quarter with revenue growt

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