Shopify Investor Presentation Deck

With a track record of profitability Delivering gross profit dollar growth balanced with disciplined investment to fuel innovation and propel our flywheel $603.6M 2018 $865.6M 2019 $1.5B 2020 Gross Profit $2.5B 2021 $2.8B 2022 $11.8M 2018 $45.8M 2019 $437.4M 2020 $718.0M 2021 Adjusted Operating Profit* $6.1M 2022 *Excludes the effect of stock-based compensation (SBC) expenses and related payroll taxes, amortization of acquired intangibles, employee severance, expense related to litigation matters, unrealized and realized gains and losses on equity and other investments, and real estate-related impairment charges. Adjusted Operating Profit is a non-GAAP measure, see Appendix for reconciliation. 25

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