EXHIBIT 99.1

Shopify Announces Second-Quarter 2015 Financial Results

Revenues Increase 90% Year on Year

Number of Merchants Surpasses 175,000

Gross Merchandise Volume Grows 100% Year on Year

Shopify reports in U.S. dollars and in accordance with U.S. GAAP

Ottawa, Canada – July 30, 2015 – Shopify Inc. (“Shopify”) (NYSE:SHOP)(TSX:SH), a leading cloud-based, multichannel commerce platform, today announced strong financial results for the quarter ended June 30, 2015.

“It’s been a great year not only for Shopify, but for our merchants as well,” commented Tobi Lütke, Shopify’s Chief Executive Officer. “We completed our initial public offering, announced buy buttons with some of the most important social media companies and closed out our fifth Build a Business Competition, our biggest yet. All of this creates momentum toward our main goal, which is to continue to build a really great platform that makes commerce better for everyone.”

“We are extremely pleased with our second-quarter performance,” stated Russ Jones, Chief Financial Officer. “Merchant count has now surpassed 175,000, resulting in strong growth in Subscription Solutions revenue. In addition, we saw excellent growth in Merchant Solutions revenue which is tied to our merchants’ success, as measured by their GMV.”

Second-Quarter Financial Highlights

• Total revenue for the second quarter of 2015 was $44.9 million, a 90% increase from the second quarter of 2014. Within this, Subscription Solutions revenue grew 64% to $25.5 million, driven by an increase in the number of merchants using our platform as reflected in the Monthly Recurring Revenue¹ (“MRR”); and Merchant Solutions revenue grew 140% to $19.5 million, driven primarily by an increase in revenue from Shopify Payments.

• MRR as of June 30, 2015 was $8.5 million, up 67% compared with $5.1 million on June 30, 2014.

• Gross Merchandise Volume² (“GMV”) for the second quarter was $1.6 billion, a 100% increase from the second quarter of 2014. Cumulative GMV to date has now surpassed $10 billion.

• Gross profit grew 76% year on year to $25.3 million for the second quarter of 2015, versus $14.3 million for the second quarter of 2014.

• Operating loss for the second quarter of 2015 was $3.5 million, compared with an operating loss of $7.0 million for the second quarter of 2014.

• Adjusted operating loss³ for the second quarter of 2015 was $1.9 million, compared with $6.1 million for the second quarter of 2014.

¹  MRR is calculated by multiplying the number of merchants by the average monthly subscription plan fee in effect on the last day of that period and is used by management as a directional indicator of subscription solutions revenue going forward assuming merchants maintain their subscription plan the following month.

²  GMV represents the total dollar value of orders processed on the Shopify platform in the period.

³  Please refer to “Non-GAAP Financial Measures” in this press release.

• Net loss for the second quarter of 2015 was $3.3 million, or $0.06 per share, compared with a net loss of $6.9 million, or $0.18 per share, for the second quarter of 2014.

• Adjusted net loss³ for the second quarter of 2015 was $1.7 million, or $0.03 per share, compared with an adjusted net loss of $5.9 million, or $0.15 per share, for the second quarter of 2014.

• At June 30, 2015, Shopify had $198.8 million in cash, cash equivalents and short-term investments, compared with $59.7 million on December 31, 2014.

Second-Quarter Business Highlights

• Shopify completed an initial public offering of 8,855,000 Class A subordinate voting shares at an initial offering price of $17 per share. Shopify intends to use the net proceeds of $136.3 million from the offering to strengthen its balance sheet, providing the flexibility to fund the company’s growth strategies.

• Shopify launched easy-to-use Buy Buttons, enabling merchants to add ecommerce to any blog or website.

• Shopify launched Mobile Buy SDK, enabling merchants to add buy buttons to their mobile apps for the sale of physical products. Buyers can select to pay via credit card or Apple Pay.

• In partnership with Pinterest, Shopify became the first commerce platform to offer Buyable Pins to small and medium-sized businesses. The new offering allows Shopify merchants to sell their products directly on Pinterest.

• Shopify announced its beta test enabling a select group of merchants to advertise and sell their products using Facebook’s “Buy” call-to-action button, which allows their consumers to purchase products they discover in their News Feed or on Pages without having to leave Facebook.

Since the close of the second quarter, Shopify announced the winners of its Build a Business Competition, which encouraged the creation of tens of thousands of new online businesses. These businesses generated over $250 million in sales, more than twice the amount from last year’s contest.

Financial Outlook

The financial outlook that follows constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of risks. Actual results could vary materially as a result of numerous factors, including certain risk factors, many of which are beyond Shopify’s control. Please see section below, “Forward-looking Statements”.

In addition to the other assumptions and factors described elsewhere in this press release, Shopify’s outlook assumes the continuation of growth trends in our industry, our ability to manage our growth effectively and the absence of material changes in our industry or the global economy. All numbers provided in this section are approximate.

For the third quarter of 2015, Shopify currently expects:

• Revenues in the range of $47.0 million to $48.0 million

• GAAP operating loss in the range of $6.5 million to $7.5 million

• Adjusted operating loss³ in the range of $4.0 million to $5.0 million, which excludes share-based compensation expenses of $2.5 million

For the full year 2015, Shopify currently expects:

• Revenues in the range of $181 million to $183 million

• GAAP operating loss in the range of $21 million to $23 million

• Adjusted operating loss³ in the range of $12 million to $14 million, which excludes share-based compensation expenses of $8.4 million and non-recurring sales and use tax of $0.6 million

Quarterly Conference Call

Shopify’s management team will hold a conference call to discuss its second-quarter results today, July 30, 2015, at 8:30 a.m. ET. The second-quarter 2015 conference call will be webcast on the investor relations section of Shopify’s website at http://investors.shopify.com/events/Events-Presentations/default.aspx. An archived replay of the webcast will be available following the conclusion of the call.

Shopify’s Second-Quarter 2015 Interim Unaudited Consolidated Financial Statements and Notes and its Second Quarter 2015 Management’s Discussion and Analysis are available on Shopify’s website at Shopify.com, and will be filed on SEDAR at www.Sedar.com and on EDGAR at www.sec.gov.

About Shopify

Shopify is a leading cloud-based commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up and manage their stores across multiple sales channels, including web, mobile, social media, brick-and-mortar locations, and pop-up shops. The platform also provides a merchant with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, using enterprise-level technology made available to businesses of all sizes. Shopify currently powers over 175,000 businesses in approximately 150 countries, including: Tesla Motors, Budweiser, Wikipedia, LA Lakers, the New York Stock Exchange, GoldieBlox, and many more.

Non-GAAP Financial Measures

To supplement its consolidated financial statements, which are prepared and presented in accordance with United States generally accepted accounting principles (GAAP), Shopify uses certain non-GAAP financial measures to provide additional information in order to assist investors in understanding its financial and operating performance.

Adjusted operating loss, adjusted net loss and adjusted net loss per share are non-GAAP financial measures that exclude the effect of share-based compensation expenses and non-recurring sales and use tax.

Management uses non-GAAP financial measures internally for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Shopify believes that these non-GAAP measures provide useful information about operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making. Non-GAAP financial measures are not recognized measures for financial statement presentation under US GAAP and do not have standardized meanings, and may not be comparable to similar measures presented by other public companies. Such non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. See the financial tables below for a reconciliation of the non-GAAP measures.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws, including statements regarding Shopify’s financial outlook and future financial performance. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements.

These forward-looking statements are based on Shopify’s current projections and expectations about future events and financial trends that management believes might affect its financial condition, results of operations, business strategy and financial needs, and on certain assumptions and analysis made by Shopify in light of the

experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate. These projections, expectations, assumptions and analyses are subject to known and unknown risks, uncertainties, assumptions and other factors that could cause actual results, performance, events and achievements to differ materially from those anticipated in these forward-looking statements. Although Shopify believes that the assumptions underlying these forward-looking statements are reasonable, they may prove to be incorrect, and readers cannot be assured that actual results will be consistent with these forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of numerous factors, including certain risk factors, many of which are beyond Shopify’s control, including but not limited to: (i) merchant acquisition and retention; (ii) managing our growth; (iii) our history of losses; (iv) our limited operating history; (v) our ability to innovate; (vi) payments processed through Shopify Payments; (vii) our reliance on a single supplier to provide the technology we offer through Shopify Payments; (viii) serious software errors or defects; (ix) a disruption of service; (x) achieving or maintaining data transmission capacity; (xi) exchange rate fluctuations; and (xii) other one-time events and other important factors disclosed previously and from time to time in Shopify’s filings with the U.S. Securities and Exchange Commission and the securities commissions or similar securities regulatory authorities in each of the provinces or territories of Canada. The forward-looking statements contained in this news release represent Shopify’s expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. Shopify undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

CONTACT:

INVESTORS:

Katie Keita

Director, Investor Relations

613-241-2828

IR@shopify.com

MEDIA:

Janet Park

Public Relations Manager

416-238-6705 x 1021

press@shopify.com

SOURCE: Shopify

Shopify Inc.

Condensed Consolidated Statements of Operations and Comprehensive Loss

(Expressed in US $000’s, except share and per share amounts; unaudited)

	Three months ended						Six months ended
	June 30, 2015 $			June 30, 2014 $			June 30, 2015 $			June 30, 2014 $
Revenues
Subscription solutions		25,459			15,567			47,811			28,620
Merchant solutions		19,467			8,113			34,463			13,870
		44,926			23,680			82,274			42,490
Cost of revenues
Subscription solutions		5,422			3,842			10,455			7,126
Merchant solutions		14,252			5,523			25,001			9,421
		19,674			9,365			35,456			16,547
Gross profit		25,252			14,315			46,818			25,943
Operating expenses
Sales and marketing		16,091			12,569			29,631			22,287
Research and development, net of refundable tax credits of nil and $296 (2014 - $240 and $480)		8,800			6,647			16,113			12,733
General and administrative		3,822			2,138			8,011			3,934
Total operating expenses		28,713			21,354			53,755			38,954
Loss from operations		(3,461	)		(7,039	)		(6,937	)		(13,011	)
Other income (expenses)
Interest income, net		30			13			41			23
Foreign exchange gain (loss)		135			146			(930	)		(257	)
		165			159			(889	)		(234	)
Net Loss and comprehensive loss		(3,296	)		(6,880	)		(7,826	)		(13,245	)
Basic and diluted net loss per share attributable to shareholders	$	(0.06	)	$	(0.18	)	$	(0.17	)	$	(0.34	)
Weighted average shares used to compute net loss per share attributable to shareholders		53,040,539			38,866,937			46,230,413			38,755,733

Shopify Inc.

Condensed Consolidated Balance Sheets

(Expressed in US $000’s except share amounts; unaudited)

	As at
	June 30, 2015 $			December 31, 2014 $
Assets
Current Assets
Cash and cash equivalents		146,668			41,953
Short-term investments		52,161			17,709
Trade and other receivables		3,293			7,227
Other current assets		2,954			1,495
		205,076			68,384
Long term assets
Property and equipment		25,600			21,728
Intangible assets		3,831			2,708
Goodwill		2,373			2,373
		31,804			26,809
Total assets		236,880			95,193
Liabilities and shareholders’ equity
Current liabilities
Accounts payable and accrued liabilities		17,800			12,514
Current portion of deferred revenue		9,601			6,775
Current portion of lease incentives		774			485
		28,175			19,774
Long term liabilities
Deferred revenue		550			394
Lease incentives		8,604			7,293
		9,154			7,687
Shareholders’ equity
Convertible preferred shares		—			87,056
Common shares		—			4,055
Common stock		227,964			—
Additional paid-in capital		8,477			5,685
Accumulated deficit		(36,890	)		(29,064	)
Total shareholders’ equity		199,551			67,732
Total liabilities and shareholders’ equity		236,880			95,193

Shopify Inc.

Condensed Consolidated Statements of Cash Flows

(Expressed in US $000’s; unaudited)

	Six months ended
	June 30, 2015 $			June 30, 2014 $
Cash flows from operating activities
Net loss for the period		(7,826	)		(13,245	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Amortization and depreciation		3,125			2,063
Stock-based compensation		2,830			1,656
Vesting of restricted shares		181			428
Unrealized foreign exchange loss		1,036			39
Changes in lease incentives		1,600			2,092
Changes in deferred revenue		2,982			1,454
Changes in non-cash working capital items		6,713			2,125
Net cash provided by (used in) operating activities		10,641			(3,388	)
Cash flows from investing activities
Purchase of short-term investments		(45,686	)		—
Sale of short-term investments		11,196			—
Acquisition of property and equipment		(5,219	)		(4,922	)
Acquisition of intangible assets		(1,813	)		(946	)
Net cash used in investing activities		(41,522	)		(5,868	)
Cash flows from financing activities
Proceeds from initial public offering, net of issuance costs		136,276			—
Proceeds from the exercise of stock options		164			77
Net cash provided by financing activities		136,440			77
Effect of foreign exchange on cash and cash equivalents		(844	)		(112	)
Net increase (decrease) in cash and cash equivalents		104,715			(9,291	)
Cash and cash equivalents - Beginning of the Period		41,953			83,529
Cash and cash equivalents - End of the Period		146,668			74,238

Shopify Inc.

Reconciliation from GAAP to Non-GAAP Results

(Expressed in US $000’s, except share and per share amounts; unaudited)

	Three months ended						Six months ended
	June 30, 2015 $			June 30, 2014 $			June 30, 2015 $			June 30, 2014 $
GAAP Gross profit		25,252			14,315			46,818			25,943
% of Revenue		56	%		60	%		57	%		61	%
add: stock-based compensation		72			66			131			106
Non-GAAP Gross profit		25,324			14,381			46,949			26,049
% of Revenue		56	%		61	%		57	%		61	%
GAAP Sales and marketing		16,091			12,569			29,631			22,287
% of Revenue		36	%		53	%		36	%		52	%
less: stock-based compensation		182			157			356			290
Non-GAAP Sales and marketing		15,909			12,412			29,275			21,997
% of Revenue		35	%		52	%		36	%		52	%
GAAP Research and development		8,800			6,647			16,113			12,733
% of Revenue		20	%		28	%		20	%		30	%
less: stock-based compensation		826			628			1,605			1,497
Non-GAAP Research and development		7,974			6,019			14,508			11,236
% of Revenue		18	%		25	%		18	%		26	%
GAAP General and administrative		3,822			2,138			8,011			3,934
% of Revenue		9	%		9	%		10	%		9	%
less: stock-based compensation		491			118			919			191
less: sales and use tax		—			—			566			—
Non-GAAP General and administrative		3,331			2,020			6,526			3,743
% of Revenue		7	%		9	%		8	%		9	%
GAAP Operating loss		(3,461	)		(7,039	)		(6,937	)		(13,011	)
% of Revenue		-8	%		-30	%		-8	%		-31	%
add: stock-based compensation		1,571			969			3,011			2,084
add: sales and use tax		—			—			566			—
Non-GAAP Operating loss		(1,890	)		(6,070	)		(3,360	)		(10,927	)
% of Revenue		-4	%		-26	%		-4	%		-26	%
GAAP Net loss and comprehensive loss		(3,296	)		(6,880	)		(7,826	)		(13,245	)
% of Revenue		-7	%		-29	%		-10	%		-31	%
add: stock-based compensation		1,571			969			3,011			2,084
add: sales and use tax		—			—			566			—
Non-GAAP Net loss and comprehensive loss		(1,725	)		(5,911	)		(4,249	)		(11,161	)
% of Revenue		-4	%		-25	%		-5	%		-26	%
Non-GAAP net loss per share attributable to shareholders		(0.03	)		(0.15	)		(0.09	)		(0.29	)
Weighted average shares used to compute GAAP and non-GAAP net loss per share attributable to shareholders		53,040,539			38,866,937			46,230,413			38,755,733