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Shopify Results Presentation Deck

S $116M Monthly Recurring Revenue (MRR)* ↑ 10% vs Q1 2022 Shopify Plus penetration 34% vs 30% in Q1 2022 Factors driving Q1 More merchants converting to full-priced subscription plans from our trial experiments Continued growth in the number of Shopify Plus merchants and retail locations utilizing our POS Pro solution * Monthly Recurring Revenue, or MRR, is calculated at the end of each period by multiplying the number of merchants who have subscription plans with us at the period end date by the average monthly subscription plan fee in effect on the last day of that period, assuming they maintain their subscription plans the following month. 28

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