<?xml version="1.0" encoding="UTF-8"?><own:edgarSubmission xmlns:own="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <!-- Generated by Workiva -->
  <own:headerData>
    <own:submissionType>144</own:submissionType>
    <own:filerInfo>
      <own:filer>
        <own:filerCredentials>
          <own:cik>0001412645</own:cik>
          <own:ccc>XXXXXXXX</own:ccc>
        </own:filerCredentials>
      </own:filer>
      <own:liveTestFlag>LIVE</own:liveTestFlag>



    </own:filerInfo>
  </own:headerData>
  <own:formData>
    <own:issuerInfo>
      <own:issuerCik>0001594805</own:issuerCik>
      <own:issuerName>Shopify Inc.</own:issuerName>
      <own:issuerAddress>
        <com:street1>151 O'Connor St.</com:street1>
        <com:street2>Ground Floor</com:street2>
        <com:city>Ottawa</com:city>
        <com:stateOrCountry>A6</com:stateOrCountry>
        <com:zipCode>K2P2L8</com:zipCode>
      </own:issuerAddress>
      <own:issuerContactPhone>6132412828</own:issuerContactPhone>
      <own:nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Gail Goodman</own:nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <own:relationshipsToIssuer>
        <own:relationshipToIssuer>Director</own:relationshipToIssuer>
      </own:relationshipsToIssuer>
    </own:issuerInfo>
    <own:securitiesInformation>
      <own:securitiesClassTitle>Class A Subordinate Voting Shares</own:securitiesClassTitle>
      <own:brokerOrMarketmakerDetails>
        <own:name>Solium Capital Inc.</own:name>
        <own:address>
          <com:street1>Suite 1500</com:street1>
          <com:street2>600-3rd Ave., SW</com:street2>
          <com:city>Calgary</com:city>
          <com:stateOrCountry>A0</com:stateOrCountry>
          <com:zipCode>T2P 0G5</com:zipCode>
        </own:address>
      </own:brokerOrMarketmakerDetails>
      <own:noOfUnitsSold>1000</own:noOfUnitsSold>
      <own:aggregateMarketValue>114210</own:aggregateMarketValue>
      <own:noOfUnitsOutstanding>1219581025</own:noOfUnitsOutstanding>
      <own:approxSaleDate>06/30/2026</own:approxSaleDate>
      <own:securitiesExchangeName>NASDAQ</own:securitiesExchangeName>
    </own:securitiesInformation>
    <own:securitiesToBeSold>
      <own:securitiesClassTitle>Class A Subordinate Voting Shares</own:securitiesClassTitle>
      <own:acquiredDate>06/30/2026</own:acquiredDate>
      <own:natureOfAcquisitionTransaction>Exercise of Options</own:natureOfAcquisitionTransaction>
      <own:nameOfPersonfromWhomAcquired>Issuer</own:nameOfPersonfromWhomAcquired>
      <own:isGiftTransaction>N</own:isGiftTransaction>
      <own:amountOfSecuritiesAcquired>1000</own:amountOfSecuritiesAcquired>
      <own:paymentDate>06/30/2026</own:paymentDate>
      <own:natureOfPayment>Exercise of Options</own:natureOfPayment>
    </own:securitiesToBeSold>
    <own:nothingToReportFlagOnSecuritiesSoldInPast3Months>N</own:nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <own:securitiesSoldInPast3Months>
      <own:sellerDetails>
        <own:name>Gail Goodman</own:name>
        <own:address>
          <com:street1>151 O'Connor St.</com:street1>
          <com:street2>Ground Floor</com:street2>
          <com:city>Ottawa</com:city>
          <com:stateOrCountry>A6</com:stateOrCountry>
          <com:zipCode>K2P 2L8</com:zipCode>
        </own:address>
      </own:sellerDetails>
      <own:securitiesClassTitle>Class A Subordinate Voting Shares</own:securitiesClassTitle>
      <own:saleDate>04/06/2026</own:saleDate>
      <own:amountOfSecuritiesSold>1200</own:amountOfSecuritiesSold>
      <own:grossProceeds>140964</own:grossProceeds>
    </own:securitiesSoldInPast3Months>
    <own:securitiesSoldInPast3Months>
      <own:sellerDetails>
        <own:name>Gail Goodman</own:name>
        <own:address>
          <com:street1>151 O'Connor St.</com:street1>
          <com:street2>Ground Floor</com:street2>
          <com:city>Ottawa</com:city>
          <com:stateOrCountry>A6</com:stateOrCountry>
          <com:zipCode>K2P 2L8</com:zipCode>
        </own:address>
      </own:sellerDetails>
      <own:securitiesClassTitle>Class A Subordinate Voting Shares</own:securitiesClassTitle>
      <own:saleDate>05/05/2026</own:saleDate>
      <own:amountOfSecuritiesSold>1200</own:amountOfSecuritiesSold>
      <own:grossProceeds>138504</own:grossProceeds>
    </own:securitiesSoldInPast3Months>
    <own:remarks>Aggregate market value calculated using June 29, 2026 closing price of $114.21 per share. Number of shares outstanding as of May 1, 2026.</own:remarks>
    <own:noticeSignature>
      <own:noticeDate>06/30/2026</own:noticeDate>
      <own:signature>Gail Goodman</own:signature>
    </own:noticeSignature>
  </own:formData>
</own:edgarSubmission>
