Shopify Investor Presentation Deck

Reconciliation of GAAP to Non-GAAP figures Expressed in US$000s GAAP Gross profit add: SBC and SBC-related payroll taxes add: Amortization of acquired intangibles Non-GAAP Gross profit % of Revenue GAAP Sales and marketing less: Sales and marketing SBC and SBC-related payroll taxes less: Amortization of acquired intangibles Non-GAAP Sales and marketing % of Revenue 2019 865,643 4,090 9,624 879,357 56% 472,841 38,167 283 434,391 28% 2020 1,541,520 7,472 19,488 1,568,480 54% 602,048 46,390 1,548 554,110 19% 2021 2,481,144 7,642 20,399 2,509,185 54% 901,557 47,283 1,544 852,730 18% Q1'21 558,716 1,851 4,531 565,098 57% 186,223 10,885 386 174,952 18% Q1'22 637,637 2,183 6,234 646,054 54% 303,371 15,203 386 287,782 24%

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