Shopify, which makes tools for businesses to build and manage their online stores, posted a 32 32 per cent jump in revenue in the third quarter. Photo by Gabby Jones/Bloomberg
E-commerce giant Shopify Inc. continued its growth streak in the third quarter, posting double-digit increases in revenue and gross merchandise value in results released Tuesday.
Ottawa-headquartered Shopify, which makes tools for businesses to build and manage their online stores, recorded US$2.84 billion in revenue in the quarter, an increase of 32 per cent from the year before. The company’s gross merchandise volume (GMV), which tracks the total value of goods sold through its platform, jumped 32 per cent to US$92.01 billion.
“Q3 was a standout quarter with revenue growth and free cash-flow margins both sur

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