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GMV

Gross Merchandise Value — the total dollar value of all transactions processed through a marketplace or platform in a period, before the platform's commission or fee is deducted.

What it shows

GMV measures the economic activity flowing through a marketplace. It is a scale indicator, not a revenue indicator — a platform's actual revenue is a fraction of GMV determined by its take rate. Growing GMV with declining take rate signals monetisation challenges.

Formula

GMV = Total Value of All Transactions Processed on the Platform in a Period. Revenue = GMV × Take Rate. Disclosed by most marketplace companies as a primary growth metric.