- Shopify total merchant base grew 15% YoY in Q3
- Shopify Plus merchants grew 24% YoY in Q3, fastest since late 2021
- Rival ecommerce platforms saw active merchant counts fall 14% on average
- U.S. ecommerce sales rose 8.2% YoY in August-September period
- RBC analyst Paul Treiber cited data from Store Leads and U.S. Census showing Shopify's merchant base grew 15% YoY in Q3, with Shopify Plus merchants accelerating to 24% growth, the fastest since late 2021. Rival platforms saw active merchant counts fall 14% on average.
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