Historical operating KPI

Shopify GMV History

Name: Shopify Gross Merchandise Volume quarterly history
Creator: VizualStocks

Latest reported: $115.57B
Period: Q2 2026
QoQ: +14.7%
YoY: +31.6%

Metric ID: grossMerchandiseVolume
Frequency: quarterly
Status: active

About this KPI

Why it matters

Gross merchandise volume measures the value of orders facilitated through Shopify, providing a direct view of the commercial activity supported by its platform.

Why investors follow it

The history helps investors compare merchant sales growth with payments penetration, subscription growth and Shopify's ability to monetize commerce activity.

What it does not tell you

GMV is not Shopify revenue and does not show take rate, product mix, cancellations, returns, merchant concentration, payment penetration or profitability.

Maintained history, without the manual work

Pull this maintained history through the VizualStocks API instead of rebuilding it from filings every quarter.

Use this in your productUse in your productView API documentationView API docs

GET/v1/companies/SHOP/metrics/grossMerchandiseVolume?order=asc