Gross merchandise volume grew 32% YoY to $115.6 billion, while free cash flow reached $654 million, up from $422 million a year earlier, producing an 18% free cash flow margin. "This was a monster quarter: more than 30% growth in GMV AND revenue AND gross profit AND free cash flow," said Harley Finkelstein, President of Shopify. Free cash flow margin is expected to be in the high-teens to low-twenties range. "Alongside this momentum, we continue to drive operating leverage, which flowed through to 18% free cash flow margins." Related articlesShopify soars on strong revenue beat, robust guidanceEuropean stocks trade near peaks as corporate earnings boost risk appetiteTelecom stocks fall after SpaceX signals push into mobile service