![]() ![]() GMV for the second quarter was $13.8 billion, an increase of $4.6 billion, or 51%, over the second quarter of 2018.Merchant Solutions revenue grew 56%, to $208.9 million.Subscription Solutions revenue grew 38% to $153.0 million.Total revenue in the second quarter was $362.0 million, a 48% increase from the comparable quarter in 2018.Every announcement we made at Unite, especially the Shopify Fulfillment Network, is designed to democratize commerce and make it easier for our merchants to reach for independence.” “Our job is to keep innovating on behalf of entrepreneurs so they can compete in an ever-changing retail landscape. “It should be easier than ever to start a business, but entrepreneurship is still too hard,” said Tobi Lütke, Shopify’s CEO. Transaction-based gross profit was $285 million, up 24% year over year.Transaction-based revenue was $776 million in the second quarter, up 24% year over year.Gross Payment Volume (GPV) was also up 25% at $26.8 billion.The company reported a gross profit of $466 million – up 48% year-over-year and accounted for 40% of the total net revenue.Adjusted revenue was also up 46% at $563 million. ![]()
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