Shopify Growth Overview

Large and Growing Opportunity Investment Highlights Massive market with accelerated ecommerce penetration World-class Product Multichannel commerce platform that enables merchants of all sizes to sell to anyone, anywhere Powerful Business Model Success-based business model that puts merchants first Economies of Scale Innovation and Efficiencies Millions of merchants generating transaction volumes enables economies of scale that we share with our merchants Vast Ecosystem 28 Engaged and expanding partner ecosystem that is difficult to replicate Mission Driven Product-driven team focused on making commerce better for everyone Healthy Balance Sheet Strong balance sheet with a proven, disciplined capital allocation approach Significant Opportunity Ahead Focus on investing in long-term growth while maintaining operational discipline and merchant-first orientation

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