Shopify Inc. (SHOP) reported a significant 32% increase in Q3 2025 revenue, reaching $2.844 billion and surpassing the anticipated $2.76 billion. The company's gross profit rose to $1.391 billion, while maintaining a free cash flow margin of 18% for the ninth consecutive quarter. Operating income also saw an increase, reaching $343 million. Looking ahead, Shopify projects a 20% revenue growth for Q4 2025, with gross profit expected to rise between 20% and 25%. Operating expenses are forecasted to account for 30% to 31% of revenue, indicating continued strong financial performance.