good result, XXXX be reshaped continue the we more an we everyone. products phenomenal success. year No commerce delivered down barriers, a to every for off and losing an commerce, a Carrie, and entrepreneurship fuel Thanks, look corner as flatter, fast, Shopify. of you morning, never it make quarter address better incredible sight moved year for business, was way amazing growth. agile fourth built be break we at Commerce our accelerate the to of and to everyone. our merchants, moves of matter merchant to to of and our finish power channels And or We faster. company mission which
to From businesses all a choose of merchant Shopify. sizes perspective, continue more
XX% businesses entrepreneur grow merchants Our and and powerful had growth direct from to go-to-market Compared launch to overall engine, Shopify. outside America their we grew more merchant result base from we XXXX, products a North enterprise, of the on have built.
businesses signed verticals, channels. roster merchants, geographies have of bringing on We added across more diverse to and incredible our and
Oscar a Guthy-Renker, Running Authentic Shave [ Republic few. Everlane and name Hortons, On Brands Tim Nike de Carrier, Dollar Renta, Strength, Home, like Banana la Brands Bye-bye Baby ], to Group, Club,
constructed feature possible. making and launch are platform brands commerce at designed aimed create grow Every every and the Our has enable meticulously easy everything heart scale and we else developer unified we Shopify. on tool to been to start, and things
we be crafted as to what business easier merchants strong to momentum are by them intuitive for matters manage our and bolstered was made In to of to it run simple our on foundation most that their product. XXXX, a tools focus enable and even using
management, expense like launched services Tax within sales Pay allows tax Shopify taxes, now platform to things and managing Shopify's tax the existing for enterprise-grade manage streamlining For Bill we end-to-end Shopify compliance infrastructure.
merchant our even our rolled checkout checkout upgrade more out expanded the We checkout make allow customization, back-office to solutions greater sensibility to and to best One-page world's countries converting faster.
app. We are generally the the pro connectivity and wherever unlock continue at Shopify Shop and enterprise Pay a sell Installments point-of-sale, into to Collective Marketplace of We platform Connect the the U.S. markets to terminal products made integrated like buyers with in for point-of-sale available rolled
discover merchants We to engage with made it and easier customers. our for
and including merchants platform Cash shop and growth relationships. We of new Shop the into continue TikTok, thrive can and with in CAC discover so any to We App the and Criteo. for features, expanded the Snap, our to of journey. Shop merchants refined while We've to Pinterest has Shopify partners on advertising stage shown the for increasing reductions other, audiences, include buyers their on-ramps connect build algorithms which XX% up to further easily web, more build each at
new In ways to just year, enabled we last X Shopify. the for choose merchants
other the full of across note, stack, velocity build software headless. dozens ahead Shopify. further we leader brands retail placing either components the companies. looking by MarketScape And for the Earlier who with year, this a the providing composable highest expanded plan. IDC enterprises, composability retailers of enables the And commerce for volume recently in plan operate or that optionality took for our in XXXX mid-market to them larger physical assessment Shopify locations, category For primarily enterprise
for Enterprise, as leader recognized being Magic ability the execute. also in while our highest this of placing Gartner to All us Quadrant the by as
We signed IBM deeper ecosystem with We with enable and commercial to include partners integration Flexport Prime Cognizant. agreement ecosystem our with integrators like a for also Amazon bring of app and expanded Shopify, a partner Enterprise. into systems deepened Buy to launched the and our Build for Adyen
we without AI of Shopify us we AI. thousands is and streamline further What App enabling of to administrative saved known faster that more cannot day more on within merchants finally, hours productivity and suite to AI tools merchants X Shopify known when AI-powered our successful, launched of We ship And our at talk is tools that decisions our quicker. Shopify are and our XXXX have our make Shop about team as great assistant an Magic, have increase Shopify work, and from mentioning successful. tasks shopping embedded
single billion, year grew XX% with year-over-year, profit in of in billion QX hit billion with the up a gross $X.X Gross $X the surpassing Revenue quarter XX% for ever. first single free a first profit history. every dollars $X time flow cash hitting flow and margin for XXXX. of million generated finally, successfully throughout cash free Shopify's And year, sequentially free cash the quarter both the time for and each growing in we quarter flow for dollars QX $XXX
have profitability. of with we to we deliver XXX-year best place want in we to becoming entrepreneurship our growth thrive, merchants the strong right be to to where positioned with are are on a both we journey combination and discipline company. place, The short, to we put have well for as operational a compelling trust In our combined built the continue
$X.X in I accomplishments Black made a year. growth the day incredible Friday-Cyber sale their million go their touch further Monday into on Black our into prior representing before billion channels results merchants international. and XX,XXX quickly unified key with period our Starting our detail position of for on the to on that ever and first we the let's highest merchants worldwide generated brands the Friday-Cyber more X-day merchants the So selling demonstrates diving XX in Shopify. quarter Monday. from XX,XXX In progress by on products, sales, will powered as making Shopify, first had our success alone, over XX% commerce. purchased merchants are over our Approximately collectively more consumers that than leader strengthen
in All platform commerce. XXX,XXX requests resiliency modern just than million a hindered and that minute, traffic years the platform XX per more This the is and XX% is our of per as peak ago. same staggering testament scalability the X higher which our nearly requests powers more our second, of to of a this
which Turning and to to to Oxygen expanding that in to head over needs Shopify and them launched path, of offering is more shifting X customers, solutions years go about why faster. a merchants iterating, Hydrogen helping they're meet choice, wanted product. little get to constantly market give their development we and preferences is ago, of list the merchants all to easier
$X toolkit billion QX in GMV react-based our alone. in Hydrogen, surpassed
commerce. For commerce was as GMV headless partner position year, for Shopify's a Xx the than what more we the reinforcing reliable XXXX, in achieved of all
We are XXXX. seeing new Tecovas ButcherBox this joining Hydrogen more to launching and continue brands Shopify into and expect like momentum and
We created comes know across we our to a in king are is that making we all XXXX, And sale. made checkouts platform know not equal. it when conversion because significant improvements
for merchants year, better seconds faster our than converts is X friction our everybody features best their ever average, we everything This that. like shopping up and by progress to reducing Our fact. we experience checkout when customers One-page seamlessly on with team in and of world, We've faster shop checkout in make validation made XXXX, introducing in substantial the before, now together and have wins. the works got to better, felt and because always that the converting signing checkout
to all of X buyer even consulting at versus And by big a by is other showing And XX%. showed study presence when the a used conversion surpassed is external results and that others. not in XX% rate data Pay as XX% it results. conversion higher overall company can than by an checkout, X%. up much April, when competition higher lift mere accelerated In The is checkouts by that average guest our Shopify's it's XX% conversion Shop on in confirmed also the least up it used, as by outpacing
choice as the possible. friction launch a as of with continues It other which and now become ] its XXXX to little converting we XXX billion Shop For GMV, XX% committee to billion checkout Shop all buyers year-over-year the all the also merchants checkout wallet surpassed reached $XX in Internet. staggering up, looking best over XXXX. consumers across buy as of go-to has for million make look the signed on of has Pay since It up $XXX leading XX% Internet and [ the with securely Pay, Shopify a and the facilitated to for quarter, for accelerated quickly, is
business technological becomes creation. merchants era capitalizing on the immense the AI. powerful to sidekick most for Shop this is to in support AI where new Transitioning Pay our opportunity
Our their product simplifying discussed AI is to merchants begin process versus towards as expand concept businesses more and particularly the to strategy This we the involves landscape. for of VP Investor integrating of heart software Coates, ever core a that shift Glen the platform, at relevant at adapt our to iterative, Day. declarative evolving commerce our
made a dozen descriptions In first market through tools its AI-generated AI-enabled first solid our we assistant. We're Magic Sidekick, suite. product product AI-enabled bring and one a towards of the XXXX, brought nearly to kind to platforms Shopify progress building commerce of
time. create and image professional generative how to Magic, XXXX, suite our only of new edits advantages to or Shopify of us keywords, the ahead we AI and introduced Capitalizing Shopify and established the and scale our cost These simplify we've a to leverage significant image market AI get unlock merchants as few enormous Cash of such data as Shopify excited Shopify our in trust of we in Offerings admin.
With Shopify new tools. merchants Shopify. we features weeks storefronts. enhance can And if millions seize modalities ago, of on time, saving on to power you in the are this Shopify offer product to continue a we with images in stunning editor truly image development to something for Shopify editing directly from illustrate to part AI the we advancements product you in on platform given XXXX. and within Capital, the unique Magic Collective, merchants opportunity few winter use Shop text can As clicks and new capabilities power global that just differentiated our Audiences, to offers, now our product are introduce and with tools edition AI the plan over
incredibly this other on opportunity merchants optimize elevating the to success stories merchants its forces who succeed. connecting humbling of Take help independent Book brands Shopify in summer Mattel, in this [ Drake-related, editions Reese's Collective, Users from celebrity to like ], Spoons Club our range brands iconic Reiter to product launched hear It's more join even Drakes, July. each and together. which cachet and like from
Road merchant need because their renewal gain we're seeing Shopify need the aiding a QX X our momentum. for And scale years their more financial the support the the Nomad, helps attainable Porter to support in XX%, role particularly This our access know few our to ambitions product get we in their has them over merchants of clicks. they funding to and funding often ahead shopping funding Capital, brands capital a holiday growth businesses, season. continues sale This help including grow help that's merchants key been run they to for repeat of growth businesses. effective we because crucial the merchants product to need making able get a a ChocZero rate are we like times, over a they growth, plays testament ability and key been
that new Shop of great via example the App is XXXX. product acquire Cash power harnessing platform build launched new ways in Shop of summer newer just for to merchants A a to the of customers.
acquisition. Netflix, move offers suite App a Caraway into Shop creating tool called during quarter, launched the and their have signed paid first broader of in XXXX, like highly campaigns. Nike new giving qualified will for Brands a we up cash buyers Shop campaigns millions the and part of already them a become access shop Shop and customer Strength As product to
we the But days, to and merchants for early the easier product know know that, start. online Encouraged very it of the that are a Shopify still only that's excited across our potential for making in momentum by most of with our we about we offerings, While this our is product customers. store. engage merchants, discover
evolve, to have gone the engagement came and has retail commerce brand beyond online As source. far traditional transactions or
their are and customers to new and be and of coming ones, discover to channel. existing sizes order our need own And Shopify off-line future. In to this with merchants in deeper to everywhere offline connections why online, is all build between. our build you of with one superpowers, Starting
continue that to Our offering resonate go-to-market both presences. efforts, combined more and with with online product off-line operate merchants to enhancements our
was year-over-year, our our merchants driven quarter, offline up the of of expansion growth locations by the combined GMV by In XX% the base. with merchant
success is all of avenues of off-line Our the across broad-based growth.
online today, retail brands integrated sale already FIGS, to location physical to point-of-sale terminal to retail we there wait XX over existing to physical next. in native they functionality first over the digitally of the and and on For over back migrate chose their store support like capability Natural features we point cannot of their into including Shopify. Canada, were and to be stores. when locations part the Shopify, in launched Thanks they is seamlessly now Sage wherever Or which offer, L.A. X,XXX go
like and primarily into come tech on-ramps for with stack or whether come that system merchants for Shopify, online, off-line our Akira In between. further to cutting-edge off-line our Evereve entry into their our the modernize addition, anywhere point-of-sale. substantiate role Multi-store platform. or sell us unified as brands merchants seeing points operating to These commerce in we're to want Shopify they
subscriptions was revenue this the was important payments, off-line million, ago and includes from as than more Xx hardware. of off-line This our what our to is speaks which point-of-sale $XXX revenue years growing channel Shopify. and year, the off-line For X a on-ramp into strength just revenue
offline expect driver billion, barely and the be over for XXXX. have we key surface TAM to estimated the With growth BXB this $XXX opportunity in a of and it scratched
needs the us. commerce, our we for we tech off-line. remains a off-line simplifying unique offering the into while offer the additional and remain of offline represents the into all even more especially for to for bring will bringing further merchants on flywheel. invest we focused customers capabilities As as pathways stack that big Shopify This to opportunity online
a Shopify. big and exciting into for opportunity Diving BXB, growth
both continually additional growth this investing enhancing offering, driver. and go-to-market the our We are product in support to the strategies
our year-over-year retail. business During off-line in the BXB quarter, total nearly doubling GMV fourth with to XXX% was XXXX. Similar up
reach New customers to more their and channels like BXB allow broaden merchants visibility. our brand
While has new we some Lulu stemmed company, adopting fashion our Carrier, accessories jewelry in merchants opportunity didn't signed of we've and Georgia; in QX, Home door like from serve. BXB, a XXXX furnishing and opening secured and existing which growth Decor like previously primarily and BXB-only company, merchants industries whole the BaubleBar, to also
by transactions focus growing they In on XXXX, we will offering. businesses continue to who to differentiated BXB were conduct BXB base our a only merchant catering
their We as with BXB BXB merchants in platform to are as building commerce. a reps offering we sales customers on commerce our a headless commitment offering, our to and among the from help for unified to look others, BXB our sell to support establish leader all including upgrades of in single admin, storefronts,
to merchant online via checkouts is year made more over into With and of Shopify's commerce it in XX% customers. platforms for mobile vital a the devices, their effectively integrate to engage discover
and millions QX, for of an Shop buyers GMV become to instant merchants. feature merchants, Shop channel the month, a built continues Our value powerful underscoring App offers in our audience App, the the in new Shopify. storefront mobile are that if In you nearly free an only investment in which to we immense available $XXX can million a single on our is bring a of reached
quarter, to We've fans that providing a our top last Apple's gift Beast App. to ways request million to iOS of Shopify to shock the from merchants for successful invited drive thousands the doorstep. chart helped XXX with genuine a their web consumers We has collaboration continued on foster our the merchants of from viewers Mr. use in into app This merchants. hundreds to our Drake partnered spot views. Shop Beast experience, maintain app for of relationships. and Shop with with Mr. X holiday After their in a also a Shopify than to brought more apps more we gifts new shipped free participated video unlock customer through touch with points include attracted connections to Shop brands thousands
authentic All interact App through their with merchants build with Shopify look In relationships by drive and for refine as merchants with the and unleash way connections drive XXXX, to continue customers. of to ways engage and Shop this their powered customer customers. increase long-term engagement, customers to we is their new sales further we the
growth invest Let's of the in now of total existing revenue and products across we base, is within our capabilities to well Europe, building work merchant expanding EMEA, base our annual XX% proven of new merchants talk XX% Shopify and Cross-border additions. billion go-to-market our as $X.X over strong about And total continuing working. quarter. we've in both more and for in buyers approximately world. more now from investments are GMV as merchant in international our growth that was initiatives. that different With to see merchant parts continue GMV localization and our the efforts into representing
Our go-to-market Shopify, German or sports just a Living expanding the Westwing, active our history. brands an company, to taken clothing the teams the storm, year their have London-based had the brands largest that on our Oceans curated that by & the footwear with Berlin-based our well-known with international deal name few. in including recent Boden, and label has launched On have U.K. category signed in platform Apart, Home multinational headquartered, beverage brand, Japan athletic company Swiss Running, Suntory, incredible
offering this to in global Red Brands and in as adoption our Peppers to weekend, and Markets Pro, we're the launch packs to Z such Black cross-border. sales enable Markets to XX% more for Pro, the of increase orders product. On beyond. this cross-border merchants Markets quarter, of to past Monday were leverage Hat extend the XXXX and of the In Chili over go-to-market we continue eager thousands all Pro Friday-Cyber and countries
store merchants, and XXXX sales a traction in localization We've online drive themes, maintaining in the with our push tax more momentum just growth our include with our local to winter to more enterprise channels. on to XXXX, international integrations global point-of-sale additional editions. strong initiatives release and marketplaces carriers, markets integrating hit shipping product holiday post making key available ground launching like Shopify's in and our the of with local merchants, season, and running our platform the Our of build
of only kicked it First, last pipeline is year for up. which conference enterprise this remarkably to and off and opportunities second We our efforts. year GMV the encounter XXXX on being engagement showed the at enterprise we retail level compared our of Shopify NRF, different. was Despite attendance, the
whether stack, Our widespread enterprise composable gaining making Manhattan. also Slalom full Google our offerings, announcing established Marketplace, We with hundreds headless of brands while presence and recognition. or are Miracle, engage businesses, with partnerships felt and Cloud large
we paving for key as of entrepreneurs This player X amplify to plan pathways underscore positioning robust these our further momentum. enterprise our dropped. is our we strategic Shopify, addition and as in partnerships more ago, winter developed the ecosystem presence weeks our across Just on a year build steadily all towards we a as sector enterprise SMBs, facets and commerce. this
yet, you out really it you checked should. If haven't
across most the of span Our pillars edition and recent conversion, channels, marketing operation.
foundational of the areas that All success. a merchant are to
demonstration just make introducing building This in commitment is to features over industry. updates, commerce a a at clear XXX product X new the best in time addition better to unmatched of the fourth velocity and our each our years,
of a ideas ], over their advance innovative for solving challenger but hard, is you delights easier. millions operating at team [ mission system bringing say across mindset that Shopify their up hard to to great the A Jeff, thank game is and Building commerce make the heart our I and to want globe to things and our problems. consistently hand merchants it unified Before I wrap their
the that our from at operating in over level are people of work an history the at We work thousands incredible all the world. Shopify of unparalleled
unwavering To we you to up, XXXX. for expand for preserve and entrepreneurship Thank efforts your it our adaptability merchants delivered superpowers. and and in giving wrap
down. we For XXXX, slow not will
consumer continued building building our believe us keep and try relentless that as do, their simpler, we democratized. are to X will those ready. and to we the will technology advances nearly in for to changing the more make commerce for and and hand center unapologetic and landscape, will future craftsmanship our in be they it With foundation of of commerce at individuals continue for entrepreneurship. When decades, We more be adaptable, entrepreneurs, there Shopify have more and easier the been
let Jeff. the that, me to with turn over call And
