News Summary

Shopify, the Ottawa-based e-commerce giant, reported a 32% year-over-year revenue growth in the third quarter of 2025, earning $2.84 billion USD. This growth surpasses the company’s mid-to-high twenty-percent forecast. Shopify’s gross merchandise value (GMV) also increased by 32%, reaching over $92 billion. Despite a decrease in net income to $264 million due to markdowns and increased investments in AI and marketing, Shopify maintained a strong free cash flow margin of 18%. The company’s focus on AI includes a partnership with OpenAI to integrate sales through ChatGPT, although some merchants expressed concerns over AI customer support. Shopify’s international growth remains robust, particularly in Europe, even as it faces executive turnover and slightly decreased gross margins.