Shopify's Merchant Solutions Revenues up 21%, Underpinned by Shopify Payments

Shopify saw continued acceleration in Shop Pay and faster checkout, and growth in its merchant base as a strong holiday shopping season drove results.But investors fled the stock Tuesday morning on the heels of guidance that pointed to rising operating costs. They sent the stock lower by as much as 8% at the opening of trading on Tuesday (Feb. 13).Drilling down into the numbers, gross merchandise volume (GMV) was up 23% to $875.2 billion. Merchant Solutions revenue increased 21% to $1.6 billion, which manag ...