Quarterly Gross Merchandise Volume of Shopify 2020-2024

Published by Daniela Coppola, Dec 2, 2024

In the third quarter 2024, Shopify's Gross Merchandise Volume (GMV) reached 69.7 billion U.S. dollars, increasing by 24 percent from the same quarter of 2023.

According to information disclosed by the company, GMV indicates the value of orders placed through Shopify, including apps and channels for which a revenue-sharing arrangement is active. Orders net of refunds and inclusive of shipping and handling, duty, and value-added taxes.

Gross Merchandise Volume (GMV) of Shopify worldwide from 1st quarter 2020 to 3rd quarter 2024 (in billion U.S. dollars)

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Release date

2024

Region

Worldwide

Survey time period

Q1 2020 to Q3 2024

Supplementary notes

Data prior to the third quarter 2022 is taken from previous press releases.

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