<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <!-- Generated by Workiva -->
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0002079746</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001594805</issuerCik>
      <issuerName>Shopify Inc.</issuerName>
      <secFileNumber>001-37400</secFileNumber>
      <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>K2P 2L8</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>6132412828</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Joseph Natale</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Solium Capital Inc.</name>
        <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>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>1365</noOfUnitsSold>
      <aggregateMarketValue>167806.28</aggregateMarketValue>
      <noOfUnitsOutstanding>1226037779</noOfUnitsOutstanding>
      <approxSaleDate>03/23/2026</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <acquiredDate>03/23/2026</acquiredDate>
      <natureOfAcquisitionTransaction>Vesting of RSUs</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2355</amountOfSecuritiesAcquired>
      <paymentDate>03/23/2026</paymentDate>
      <natureOfPayment>Vesting of RSUs</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <remarks>Aggregate market value calculated using March 13, 2026 closing price of $122.96 per share. Number of shares outstanding as of February 6, 2026. Sales to be made cover taxes and fees resulting from the vesting of RSUs. Dates of sale reflect a three month period starting on March 21, 2026.</remarks>
    <noticeSignature>
      <noticeDate>03/20/2026</noticeDate>
      <signature>Joseph Natale</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
