Carrie, Thanks, good morning, and everyone.
Shopify's reflect growth our globe. latest quarterly to are businesses and We to empowering which commitment here discuss results, continued around the
indicator should our us Our taken ready QX results be agile more to as for making a Shopify, clear profitable growth. of reshape sustained and ability faster,
margin up XX%. of we was Shopify's up put, the position as XX%. QX, up executed commerce. to Gross extremely was global are well XX%, in business solidify results merchant-first Revenue progress power XX%. cash the was we that reflect making leader in Simply was GMV and flow model delivering our profit and the free further
In small is increasing corporations, to scale, them macroeconomic the opportunities navigate us retailers more I've need At combined the they the any rapidly to global DNA merchants greater learn, past of commerce face our trust greater platform growing success. to It's tools operating in helping and our heights large to Shopify embedded us and for inspires merchants. to changing months, how Shopify landscape The and our even with and discipline our deliver and in we achieve better power everyone. built highlights commerce to have merchants, how to even deliver From value X we this, the more innovate environment. local excel make talked with of products to our adapted about change. Shopify, is the ensure of wider continually gives has have efficiency with
continue always. anywhere enterprise, key has SMB every to domestic has, massive in-person, accomplishments merchants online No as sizes anyone, platform in product. or wholesale, ahead, direct-to-consumer facet execute with supercharging all into the we of or commerce and or the opportunity Starting quarter or it's for of global. whether to dive like Shopify let's the built So other on sell to
We to are moving from and our to help to success, Shop quickly also barriers commerce only multidimensional for unified remove AI platform expand to to but thrive Pay. them checkout not merchant
easy and We things possible. everything are making the hard else
We've the AI we unblocking capabilities for of unique Shopify your work a and the are data Us in and and power the better of own it collection. personalized make instantly page a your success Shopify is content whether business. Magic, And Magic and and At sizes to merchants across our and productivity latest voice suite free it's our enabling be showcase of all custom or an entirety everyone, Shopify, to integrated building generation About page tone its product workflows. embedded products with make can a brand already like available should finding and page for features, in Shopify across believe merchant's creativity. them, crafting captured AI-enabled
most: We workflow operations focus are business. their daily so with enhance growing more they what streamline to equipping and on businesses can matters ways their
Moving on Checkout. to Shopify
loads merchants more our Shopify with customize Since and invest most is those It ] for efficient the Supreme. one-click new world's release. Its to to way optimizations never across is completely on like Pay, it the sellers improvements upgrade-safe, better. miss and to approach And have the for features Designed Checkout compatible we all fully converts to customized checkout seen secure first seamless, and checkout. ideal so base. the latest volumes, merchants. building adaptable, Extensibility, it is flash launching [ to our Shop the merchant year, brand, we've extensibility last Checkout world's handle faster out continue We experience making largest into customizations high iconic our are
Extensibility Extensibility, to thousands Thrive our exponentially capabilities favorite suite in using and and have now Extensibility. transitioning with performance leverage of MrBeast we've like using XXX more enhanced more and components and Store its flexibility, brands capabilities. checkout the every supports apps our over Checkout expanded others Ruggable, and launch, seen over brands App of consumers' that We Throughout day. Cosmetics quarter, APIs, the Since Checkout Checkout are Shopify
months, our that Checkout September, but already In to for sales we're potential our new not completion the X more leading to experience that achievement also up higher creating fast significant acquisition, underscores commitment to ultimately change streamlined, enjoyable only by the of an experience X-page is X is we brand launched an a In a That time and buyer, checkout buyer huge X-page checkout, its and seconds. to customer speed seeing just conversion. boost loyalty. considering average
$XXX significant XX% more tool using on-platform getting choice the up will off, in quarter, guest Extensibility Shopify's others. is In a since average, compatible than checkout the for given Shop over making one-click method it credit retailers, as Pay checkout completely increasingly seek was and mark It's Shop cards. Pay Pay an the its world's in XXX of to rate facilitated to already preferred team, launch by XX% outpaced Shop Checkout over sights earlier, mentioned year-over-year and fully it's billion Pay, the and small, further achievement on and conversion XX% popularity million for on increase on have the $XXX establishing billion a out, across commerce. GMV, Surpassing Shop XXXX. accelerated that but continue cumulative $XX consumers, our I and become As with Shop With buyers billion set the large customizable first competition the Pay, we checkout. go-to overall
Pro for of just only not wide but of sell into AI expanding easier is the XX% optimizing GMV the snapshot merchants was approximately we U.S., ways solutions, these array quarter. globally. have Shop the so to general in time-consuming availability a stressful offering. in merchants our Pro embedding most locally, our in total and of Pay, transactions attracting product Shopify don't elements For to to GMV this to Cross-border availability Markets checkout, the to thousands And late international making the it of merchants launched on to. new Markets takes of are of successfully September,
markets. top As built solution, a fully of is record integrated it merchant of on
international Markets to of the wait Pro is having countries or to to for cannot international quickly rollout, its merchants and while best-in-class merchant a options fastest-growing scale with fraud tax the beyond the we has accessibility record product looking option to Since providers, in X prepaid duties. become the navigate other new tapping shipping U.S. into countries without expand to compliance XXXX. of e-commerce the great
guidance for things market. primary in shipping Our tools like and remains translations across launching them centered This privacy marketing focus language and merchants, capabilities enhance App experiments through on Shopify's extending Shopify AI-backed to various every products international localization localization guidance, streamlined bringing includes and navigating merchant experience the for channels Store. to initiating the
from with markets partners, growing greater else. the We turn eBay growth click with Instagram and GMV of markets we larger QX, And increasing connect like is via us customers of GMV France Walmart, that wholesale channels channels of in and With Collective and giving marketplaces can ways and growing for to merchants considerable of on markets platform In It products this done for ease. can X,XXX scale the and brands even the a to surfaces. anywhere, integrated centralized similar more can Xx offer of tools, data than that network with reach reach single, are TikTok, and and always. increasing sync social YouTube year, delivered international optionality our working. our it's place Connect X customers through like the the first new our growing key scalable any Germany, GMV geographies. in like to European retail with all and app. a Shopify, locations, button, base cross-border U.K., And multiple with time merchant to our and their to and or half solution, Shopify merchants an these all this within everybody other Marketplace separates BXB in be open a And ecosystem agile we offer and physical expand on Amazon
increased Within came that was XX%. onto more go-to-market X/X up results Nearly our powerful in retail, GMV fueled indicators our the quarter, world-class is Off-line subscriber primarily All to even driven Plus XX% platform. stronger go-to-market merchants. QX by Point-of-Sale Point-of-Sale larger merchants and by strong yield year-over-year results. GMV efforts continue bringing an in delivering that product our from Shopify is the base the joining of retailers point-of-sale platform. And Pro
Polly Republic retail our of retailers scalability and draw and platform Kings. commerce major Banana continues unified our Princess in the like omnichannel of strength Sacramento The channel to Home,
functionality of ability and retailers larger to merchants and their professional giving and greater Shopify worked We of consistently point-of-sale brought Sale view and have to quarter. these we the management customizable payment Point-of-Sale them powerful U.K. that products are to business features to clearer Go, larger the out of build which the relationships. personalized like in require, Ireland using the devices customer build multi-location a streamline permissions, new Many innovative operations, their Point of staff remote our including the
medium-sized the established Shopify capabilities, large wholesale is This newly marketplace. businesses. [ for remain evident as offering our partnership as commerce a making ] and use Even with more them best ongoing and brands with partnership more our small as commerce well our Intuit Faire, for recommended unified on we
provider robustness XX partnership, of offering which retail stay merchant the the shops the at forefront of part of point-of-sale This retailers of of further for partnership commerce. countries. is experiences As also exceptional recommends their preferred in as our Shopify reinforces thousands for delivering the Faire to to hundreds aiming base,
in platform for consumers leverage plan. run also primarily local Since and this plan their Retail their Plan. we online of subscribing our our brick-and-mortar a interact and As for We strength for who Retail retailers it our spent retailers stores. locations a month, growth expect in past to physical $XX to desire manage can but help August, retail-first from presence. developing them a launch merchants Shopify Tailored XX% the its in through businesses of Point-of-Sale come locations, has call shops early to Pro person, year increasingly operate with both online favorite simple the
is driving are thereby points While Plan Shopify, flywheel. our it's the platform, we facilitating Retail the expand still uniquely days, just in through more to another Shopify positioning commerce way ourselves the early into entry which
continues to retail our business accelerate. channel, to addition in momentum In BXB our success the in the
we During already that indicators have strong no for entire our year-over-year. And we And for BXB quarter, our features third making the slowing GMV to had These of nearly efforts August, surpassed BXB advanced are down. intention XXXX. our an all by business doubled are of impact. develop
establish and staff features our development for large easier as enterprise industry additional for leaders, ourselves sales. are such merchants, To muscle permissions extensible and drive sales to as reps we product particularly innovation wholesale leveraging to to discounts make it rapid bring
like continue to we As to more engagement consumer bareMinerals adopt tap into our support our potential brands in favorite and existing of channel. enhance product, and Shopify, platform Laura merchants this on with immense this our them Mercier growing our
everyone. merchant conduct massive fundamentally huge commerce BXB who is in BXB existing of continue our opportunity an we a believe entirely exclusively for and growth cater verticals serving make our new transform Shopify efforts Beyond tap to that for It new better to a can to is cohort we to transactions. into industry base, merchants
As we leader flexibility look market matter. further in strengthen a presence expand choice to commerce, and and our as
at have ecosystems both of best the not ends the is companies serving market. both on you the especially mutually We large X have that planet and when deliver start-ups to of proven exclusive,
cultivated Our platform partners The partner of world, we partners partnerships Deloitte, expanded more more largest the recently community IBM ecosystem as that than with technology is and apps announced are and company, the developers than advertising in And our of the over top and integrators largest ones the like to with and like includes well like Xx ecosystem Flexport commerce our we partnership years partners partnerships Stripe, system multinational that have in extended global dedicated the next as commerce, commerce globally, ecosystem with building as Store, as newer Adient. strong provider. well WPP. App XX,XXX are our and
tries world-class for creating that This commerce to win-win a greatest the with and company companies Shopify's are actually proud of strengths and that is product that One to incredibly we are both have central flywheel parties. is of. cultivate every partnerships
across This and Our is the succeed we've success business. all ecosystem important exciting is it's dimensions If had succeed. And happening the of succeed, things merchants. our by few critically partners. some our and for to of Shopify our happening in we design our and partners past months, merchants our
audiences, Pinterest. our ad product integrations For Meta, channel TikTok, with including roster advertising announced joining partners, we of Snap, Credeo, existing recently Google and
the which team demonstrates partner, Klaviyo to launched officially our on app On achievement. ecosystem long-term our IPO-ed, Shopify success. has app of entire helping who App their successfully partners Shopify's huge find Klaviyo, in the in back Store in the this side, the Congratulations XXXX, strength
have Prime Flexport. our add it their merchants partnership Amazon, use all announced will to U.S.-based will Shopify's an who the with into giving with Payments. processed finally, which app signed Shopify Shopify we option We This of release Buy be check-in. the in agreement by ecosystem merchants with commercial offer Shopify their give new and network with Prime app the weeks, in checkout, Amazon's fulfillment to our And coming directly within choice app will Buy
we preferred our logistics provider, to affordable with and partnering As to look forward offerings bring Flexport to our fast, logistics merchants. reliable
means choice are we more America small in to and North that's opportunities businesses. for building More succeed, e-commerce Shopify. longer Shopify no what is just Because at
every incredible a a and that value. solution solution platform of suite type a sizes, trust increase the more to for And and to or tools They has favorite tomorrow new with them, built every merchants and are future single today, the not fast full need, of capabilities all that build that we brands scalable every brands building for looking the whether commerce. a is to entrepreneur the stack, and find day are global help the No brands only offers right what unified have day, are every every Shopify. headless part is We which can we is for them cutting-edge the Shopify that it's for enterprise, of businesses composable, best merchant we in matter optionality of succeed. that in that all to thrive commerce us a might but of provide and coming ways are consumers' success to SMB
designer; brands Some by U.K. the of retail to and merchants artist, makeup geographies. earnings fashion Ted that luxury the house PUCCI, fashion skin Beauty, the meet Lopez, celebrity continued verticals brand; the needs makeup as brand and beauty the Baker, and LVMH; Hills, call Beverly launched French our well the since Anastasia all last Jennifer line care of JLo include by the owned across well-known highlighting our ability as
PAIGE and Our Oak brands attracting businesses we combined to because optionality their can and our with who go-to-market presences offer robust strategy, signed to Shopify in between. multidimensional commerce ], unified Brands + with everywhere power platform, is more and [ with and like off-line them offline scalability Fort established Shopify. online, Denim recently online
Estates; to Operandi; beauty to many Brands, retail Treasury BevMo!, along specialty company, brand ] with Gopuff, in to Peak, EMEA Wine the camping brand, and beverage by brand, Snow our online brands is Shopify world, operator with Writer, which ROXY, Billabong, saw enterprise-level also and Beauty; Liberated including fiscal signing marketplace, of We like yarn home brand marketplace, the brands wine Japanese-designed DC and go-to-market our Element and powered lead [ [ Shoes, Danish largest gear Moda Hobbii; AMR signing our largest Board luxury efforts company, around company, TOMS; premium e-commerce Quiksilver, date; Japan. more; deals Hair ] the footwear Austrian
because favorite channels. as and many is for we infrastructure growing flexible, across geographies Beyond offer come sign around enterprise help the them succeed. continue only these excitement brands, more the our we brands and to to scalable value others engage to And stronger consumers' Shopify best opportunity
on customers about. hand give you to Jeff, create how just I is brands quick Shopify raving a experiences update with absolutely let me unique incredible over are working that to it Before
that Over Drake. on the summer, a deal the went world. big It's all has with the it's the first Shop fans app for years time tour on X tour, gone over in so Drake his
the a with of surprise QR their Shop the It's get see to and awesome could details of and with and can with code Drake-related in of, Nike custom him different, time. sent the Fans was show. radiuses fans a app. at be took creating Hot drop products people every all for huge only be to part to geofences crafted around surprise on And code the sneakers starting after drop Shop at on shop, it special stop, and scan being shipping tour for thousands gifts. unreleased We Drake-related Champagne show, the like hype through incredible the put a every head surprise drops to at they fans his drop is something that the with are done crowd Shopify. Steps. app products QR tour These and we So his and created been
epicenter To to merchant world ways platform the rich the the authentic at commerce, new and engage around up, unleashing set of merchants provide. it future customers. and connections of drive wrap of the that us positions recognize ideally Our powerful value obsession merchants their millions solutions with of mission-critical for and we
Our is over all brands unified the system operating world. the powering backbone commerce
to can of productivity make technology possible creativity of faster latest level AI it for their new every and unlock they the wildest and beyond businesses expectations. power a continue on to the business We their owner leverage build like so Shopify
season their and them very arming accessibility are step every and with opportunity of of merchants over So or I'll the across that, partners as first the reliability the for busiest every need to channels, sale turn get they our next capture the products ready, help to we ready sale, flash year, way.
And with their shopping their speed, Jeff. them even call
