Shopify Investor Presentation Deck

Sustained gross profit dollar growth balanced with disciplined approach to investments $798M 46.0% Gross Margin Q4 2022 $717M 47.5% Gross Margin Q1 2023 $835M 49.3% Gross Margin Q2 2023 Gross Profit $901 M 52.6% Gross Margin Q3 2023 $62M Q4 2022 ($31M) Q1 2023 $146M *Adjusted Operating Income is a non-GAAP financial measure. See "Non-GAAP and Other Financial Measures" in the Appendix for more information. Q2 2023 $271 M Q3 2023 Adjusted Operating Income/(Loss)* 30

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