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Shopify Results Presentation Deck

S $135M Stock-based compensation ↑from $118M in Q1 2022 * Excludes the effect of stock-based compensation (SBC) expenses and related payroll taxes, employee severance, expense related to legal contingencies, real estate-related impairment charges and amortization of acquired intangibles. ($31M) Adjusted operating loss* from $32M in Q1 2022 30

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