Shopify Results Presentation Deck

With a track record of profitability Delivering gross profit dollar growth balanced with disciplined investment to fuel innovation and enable our flywheel $596M 2018 $866M 2019 $1.5B 2020 Gross Profit $2.5B 2021 $2.8B 2022 $12M 2018 $46M 2019 $437M 2020 $718M 2021 Adjusted Operating Income* $6M 2022 *Adjusted Operating Income excludes the effect of stock-based compensation expenses and related payroll taxes, accelerated stock-based compensation, amortization of acquired intangibles, severance related costs, and impairment on sales of Shopify's logistics businesses. Adjusted Operating Income is a non-GAAP measure, see Appendix for reconciliation. 25

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