Shopify Growth Overview

Increased Adoption of Shopify Products Over Time Shopify Payments $19.1B 46% GMV Penetration Q4 2020 $27.7B +45% 51% GMV Penetration Q4 2021 Gross Payments Volume (GPV)* *Gross Payments Volume (GPV) is the amount of GMV processed through Shopify Payments. Shopify Capital $226.9M $323.7M +43% Q4 2020 Q4 2021 Merchant Cash Advances and Loans 22 22

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