Shopify Growth Overview

Strong Adjusted Gross Profit* Growth Powerful Business Model that Focuses on Gross Profit Dollar Growth $384.6M $879.4M +46% $603.6M +57% $1,568.5M +78% $2,509.2M +60% 2017 2018 2019 2020 2021 $510.6M $700.6M +37% Q4 2020 Q4 2021 *Excludes the effect of stock-based compensation (SBC) expenses and related payroll taxes, and amortization of acquired intangibles. Adjusted Gross Profit is a non-GAAP measure, see Appendix for reconciliation. 23

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