gross merchandise volume

USAGE SUMMARY

"gross merchandise volume" is a correct and usable term in written English.
It is typically used in business to refer to the total amount of merchandise sold by a company during a given period of time. For example, "The company reported a gross merchandise volume of $10 million for the first quarter of the year."

✓ Grammatically correct

Formal & Business

News & Media

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

EBay's mobile sites and applications had $600 million of gross merchandise volume.

The New York Times - Tech

Suning's in-store sales will count towards Alibaba's total gross merchandise volume, as long as they go through final processing online, an Alibaba spokesman said.

The Guardian - Business

The company said gross merchandise volume, which measures the value of all goods sold on eBay, excluding vehicles, increased 6 percent, to $15 billion.

The New York Times - Tech

The total of all transactions except for cars, a metric that eBay calls gross merchandise volume, increased 24 percent, to $14.2 billion, from the same quarter last year.

The New York Times - Tech

Alibaba likes to promote its staggering numbers—$547 billion in gross merchandise volume, 1.5 billion product listings but those figures cut both ways.

MIT Technology Review

Alibaba.com – an online retailer serving businesses and more recently consumers, too – is bigger than Amazon and Ebay combined, in terms of gross merchandise volume.

MIT Technology Review

Gross merchandise volume is growing even faster.

Forbes

Gross merchandise volume (GMV) grew 21%.

Forbes

Gross merchandise volume (GMV) is the total value of merchandise sold to customers through a marketplace.

Forbes

"Gross merchandise volume and sold items accelerated for the third consecutive quarter.

Forbes

To be clear, we're not talking revenues here but gross merchandise volume.

TechCrunch

Expert writing Tips

Best practice

When reporting "gross merchandise volume", specify the period (e.g., quarterly, annually) and any exclusions (e.g., vehicles) for clarity.

Common error

Don't use "gross merchandise volume" interchangeably with revenue. GMV represents the total sales value, while revenue is the actual income the company receives after deductions.

Linguistic Context

The phrase "gross merchandise volume" functions as a noun phrase that serves as a metric in business and finance. It typically acts as the subject or object of a sentence when discussing a company's sales performance, as Ludwig's examples demonstrate.

Expression frequency: Very common

Frequent in

News & Media

50%

Formal & Business

40%

Science

10%

Less common in

Wiki

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "gross merchandise volume" (GMV) is a frequently used metric in business to express total sales value over a given period. Ludwig AI confirms its correctness in written English. Primarily found in business and news contexts, GMV is essential for assessing the scale of a company's activities, but shouldn't be confused with actual revenue. Understanding its proper usage, as well as potential misinterpretations, is crucial for effective communication in financial discussions. Common alternative phrases are "total sales value" and "aggregate sales revenue".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

total sales value

A more general term that encompasses the overall monetary worth of sales.

total transaction value

Focuses on the value of transactions processed, similar to GMV.

aggregate sales revenue

A more formal term emphasizing the revenue generated from sales.

total revenue from sales

Describes revenue specifically derived from sales activities.

total value of goods sold

Emphasizes the value of the physical goods that were sold.

gross sales figures

Refers to the unfiltered data regarding sales without deductions.

combined sales amount

Suggests that different sales figures are being added together.

overall sales performance

Indicates how well sales are doing, but less specific about the actual monetary value.

total volume of transactions

Emphasizes the quantity of transactions rather than their monetary value.

total commerce throughput

Highlights the rate at which goods are being sold.

FAQs

How do you calculate "gross merchandise volume"?

Gross merchandise volume is calculated by summing up the total sales value of all merchandise sold through a particular platform over a specific period, before any deductions for fees or expenses.

What's the difference between "gross merchandise volume" and revenue?

While "gross merchandise volume" represents the total sales before any deductions, revenue is the actual amount of money a company keeps after subtracting costs such as returns, discounts, and commissions. Consider exploring "aggregate sales revenue".

Why is "gross merchandise volume" an important metric?

"Gross merchandise volume" provides insight into the scale and activity of a marketplace or e-commerce platform. It shows the total value of transactions processed, indicating the potential for revenue generation, and can be a key performance indicator.

What are some factors that can influence "gross merchandise volume"?

Factors like marketing campaigns, seasonal trends, changes in pricing strategies, and the introduction of new products or services can significantly impact the "gross merchandise volume". Consider the impact of "total transaction value" too.