Mr. Jeff Hoffmeister reports

SHOPIFY ANNOUNCES $3 BILLION INCREASE TO SHARE REPURCHASE PROGRAM

Shopify Inc.'s board of directors has authorized an additional $3-billion for the repurchase of Class A subordinate voting shares, bringing its aggregate repurchase authorization to $5-billion.

"Today's announcement shows our confidence in the durability of our business and the opportunity ahead," said Jeff Hoffmeister, chief financial officer of Shopify. "Consistent operating cash flow, a balance sheet built for the long term and strong results quarter after quarter -- these give us the ability to prioritize building products that drive merchant success while also returning capital to shareholders, especially during periods of market volatility."

As of June 1, 2026, Shopify has repurchased approximately $1.45-billion under its current authorization. Shopify will continue to execute the program using prearranged algorithmic trading instructions, with no set quarterly or annual minimums. Repurchases under the program may be made from time to time in the open market, through privately negotiated transactions, or by other means, subject to market conditions, applicable legal requirements and other factors. The program does not obligate Shopify to acquire any particular amount of shares, and may be modified, suspended or terminated at any time, subject to applicable laws.

About Shopify Inc.

Shopify provides essential Internet infrastructure for commerce. Shopify's all-in-one platform makes it easier to start, run and grow a business, powering sales on-line, in store and everywhere in between. Millions of businesses in 175-plus countries use Shopify-from entrepreneurs to brands like Aldo, BarkBox, Carrier, Meta, Vuori, SKIMS and Supreme.

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