SHOPIFY INC.

Shopify Inc. (NASDAQ: SHOP) operates as a leading provider of essential internet infrastructure for commerce through its all-in-one platform designed to help merchants start, run, and grow their businesses. The company's website is located at www.shopify.com.

The platform enables merchants of all sizes—from aspirational entrepreneurs to large-scale direct-to-consumer and business-to-business operations—to manage sales across multiple channels including online storefronts, physical retail spaces, social media, and artificial intelligence platforms. As of December 31, 2025, Shopify serves millions of merchants from more than 175 countries, with geographic distribution of 44 percent in the United States, 31 percent in Europe, the Middle East and Africa, 16 percent in Asia Pacific, Australia and China, 5 percent in Canada, and 5 percent in Latin America.

Shopify's business model comprises two primary revenue components: subscription solutions and merchant solutions. Subscription solutions include platform subscriptions, Point of Sale Pro offerings, apps, domain name registrations, and themes. Merchant solutions encompass payment processing through Shopify Payments, lending services, shipping label sales, point of sale hardware, and advertising offerings including Shop Campaigns for buyer acquisition.

The company maintains a robust ecosystem of more than 21,000 apps available through the Shopify App Store, developed by third-party developers, theme designers, and service professionals that extend platform functionality. The platform is built on cloud-based architecture engineered for scalability, reliability, and performance, utilizing open source technology including Ruby on Rails.

Shopify employs approximately 7,600 people worldwide and operates with a remote-first work environment supplemented by periodic in-person gatherings and local access points in select cities. The company emphasizes merchant-first innovation and has invested in artificial intelligence capabilities including Sidekick, an AI-enabled commerce assistant, and Agentic Storefronts for agent-assisted product discovery. Shopify also maintains a Sustainability Fund focused on carbon-removal and reduction technologies and serves as a founding member of Frontier, a collective purchasing initiative for permanent carbon removal.