Shopify Investor Event Presentation Deck

GMV RETENTION IS HIGH, AS SUCCESSFUL MERCHANTS REMAIN ON THE PLATFORM GMV Generated by Annual Cohorts Over Time $800M $600M $400M $200M $OM 0 24 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 2014 - 2015 - 2016 - - 2017

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