<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<headerData>
<submissionType>144</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001666546</cik>
<ccc>XXXXXXXX</ccc>
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</filer>
<liveTestFlag>LIVE</liveTestFlag>
</filerInfo>
</headerData>
<formData>
<issuerInfo>
<issuerCik>0001594805</issuerCik>
<issuerName>Shopify Inc.</issuerName>
<secFileNumber>001-37400</secFileNumber>
<issuerAddress>
<street1 xmlns="http://www.sec.gov/edgar/common">151 O'Connor St.</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Ground Floor</street2>
<city xmlns="http://www.sec.gov/edgar/common">Ottawa</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A6</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">K2P 2L8</zipCode>
</issuerAddress>
<issuerContactPhone>613-2412828</issuerContactPhone>
<nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Tobias Lutke</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
<relationshipsToIssuer>
<relationshipToIssuer>Officer</relationshipToIssuer>
<relationshipToIssuer>Director</relationshipToIssuer>
</relationshipsToIssuer>
</issuerInfo>
<securitiesInformation>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<brokerOrMarketmakerDetails>
<name>Solium Capital ULC</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">1500 </street1>
<street2 xmlns="http://www.sec.gov/edgar/common">600-3rd Ave., SW</street2>
<city xmlns="http://www.sec.gov/edgar/common">Calgary</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A0</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">T2P 0G5</zipCode>
</address>
</brokerOrMarketmakerDetails>
<noOfUnitsSold>24000</noOfUnitsSold>
<aggregateMarketValue>2849040</aggregateMarketValue>
<noOfUnitsOutstanding>1219581025</noOfUnitsOutstanding>
<approxSaleDate>06/08/2026</approxSaleDate>
<securitiesExchangeName>NASDAQ</securitiesExchangeName>
</securitiesInformation>
<securitiesInformation>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<brokerOrMarketmakerDetails>
<name>PWL Capital Inc.</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">3400 de Maisonneuve W</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Suite 1501</street2>
<city xmlns="http://www.sec.gov/edgar/common">Montreal</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A8</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">H3Z 3B8</zipCode>
</address>
</brokerOrMarketmakerDetails>
<noOfUnitsSold>111000</noOfUnitsSold>
<aggregateMarketValue>13176810</aggregateMarketValue>
<noOfUnitsOutstanding>1219581025</noOfUnitsOutstanding>
<approxSaleDate>06/08/2026</approxSaleDate>
<securitiesExchangeName>NASDAQ</securitiesExchangeName>
</securitiesInformation>
<securitiesInformation>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<brokerOrMarketmakerDetails>
<name>PWL Capital Inc.</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">3400 de Maisonneuve W</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Suite 1501</street2>
<city xmlns="http://www.sec.gov/edgar/common">Montreal</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A8</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">H3Z 3B8</zipCode>
</address>
</brokerOrMarketmakerDetails>
<noOfUnitsSold>555000</noOfUnitsSold>
<aggregateMarketValue>65884050</aggregateMarketValue>
<noOfUnitsOutstanding>1219581025</noOfUnitsOutstanding>
<approxSaleDate>06/08/2026</approxSaleDate>
<securitiesExchangeName>NASDAQ</securitiesExchangeName>
</securitiesInformation>
<securitiesToBeSold>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<acquiredDate>06/08/2026</acquiredDate>
<natureOfAcquisitionTransaction>Vesting of RSUs</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>46758</amountOfSecuritiesAcquired>
<paymentDate>06/08/2026</paymentDate>
<natureOfPayment>Vesting of RSUs</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<acquiredDate>12/10/2025</acquiredDate>
<natureOfAcquisitionTransaction>Gift</natureOfAcquisitionTransaction>
<isGiftTransaction>Y</isGiftTransaction>
<donarAcquiredDate>05/10/2022</donarAcquiredDate>
<amountOfSecuritiesAcquired>111000</amountOfSecuritiesAcquired>
<natureOfPayment>N/A (gift)</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<acquiredDate>12/12/2025</acquiredDate>
<natureOfAcquisitionTransaction>Conversion of Class B Multiple Voting Shares</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>555000</amountOfSecuritiesAcquired>
<paymentDate>12/12/2025</paymentDate>
<natureOfPayment>N/A (conversion)</natureOfPayment>
</securitiesToBeSold>
<nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Tobias Lutke</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">151 O'Connor St.</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Ground Floor</street2>
<city xmlns="http://www.sec.gov/edgar/common">Ottawa</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A6</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">K2P 2L8</zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<saleDate>03/18/2026</saleDate>
<amountOfSecuritiesSold>95817</amountOfSecuritiesSold>
<grossProceeds>12189384.62</grossProceeds>
</securitiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Tobias Lutke</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">151 O'Connor St.</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Ground Floor</street2>
<city xmlns="http://www.sec.gov/edgar/common">Ottawa</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A6</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">K2P 2L8</zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<saleDate>03/25/2026</saleDate>
<amountOfSecuritiesSold>18000</amountOfSecuritiesSold>
<grossProceeds>2126907</grossProceeds>
</securitiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Tobias Lutke</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">151 O'Connor St.</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Ground Floor</street2>
<city xmlns="http://www.sec.gov/edgar/common">Ottawa</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A6</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">K2P 2L8</zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<saleDate>04/01/2026</saleDate>
<amountOfSecuritiesSold>18000</amountOfSecuritiesSold>
<grossProceeds>2155761</grossProceeds>
</securitiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Tobias Lutke</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">151 O'Connor St.</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Ground Floor</street2>
<city xmlns="http://www.sec.gov/edgar/common">Ottawa</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A6</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">K2P 2L8</zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<saleDate>04/08/2026</saleDate>
<amountOfSecuritiesSold>72000</amountOfSecuritiesSold>
<grossProceeds>8991813.6</grossProceeds>
</securitiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Tobias Lutke</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">151 O'Connor St.</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Ground Floor</street2>
<city xmlns="http://www.sec.gov/edgar/common">Ottawa</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A6</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">K2P 2L8</zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<saleDate>04/15/2026</saleDate>
<amountOfSecuritiesSold>72000</amountOfSecuritiesSold>
<grossProceeds>8806212</grossProceeds>
</securitiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Tobias Lutke</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">151 O'Connor St.</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Ground Floor</street2>
<city xmlns="http://www.sec.gov/edgar/common">Ottawa</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A6</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">K2P 2L8</zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<saleDate>04/22/2026</saleDate>
<amountOfSecuritiesSold>72000</amountOfSecuritiesSold>
<grossProceeds>9515059.2</grossProceeds>
</securitiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Tobias Lutke</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">151 O'Connor St.</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Ground Floor</street2>
<city xmlns="http://www.sec.gov/edgar/common">Ottawa</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A6</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">K2P 2L8</zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<saleDate>04/29/2026</saleDate>
<amountOfSecuritiesSold>72000</amountOfSecuritiesSold>
<grossProceeds>8717191.2</grossProceeds>
</securitiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Tobias Lutke</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">151 O'Connor St.</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Ground Floor</street2>
<city xmlns="http://www.sec.gov/edgar/common">Ottawa</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A6</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">K2P 2L8</zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<saleDate>05/07/2026</saleDate>
<amountOfSecuritiesSold>18000</amountOfSecuritiesSold>
<grossProceeds>1980144</grossProceeds>
</securitiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Tobias Lutke</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">151 O'Connor St.</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Ground Floor</street2>
<city xmlns="http://www.sec.gov/edgar/common">Ottawa</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A6</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">K2P 2L8</zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<saleDate>05/28/2026</saleDate>
<amountOfSecuritiesSold>72000</amountOfSecuritiesSold>
<grossProceeds>8196148.8</grossProceeds>
</securitiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Tobias Lutke</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">151 O'Connor St.</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Ground Floor</street2>
<city xmlns="http://www.sec.gov/edgar/common">Ottawa</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A6</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">K2P 2L8</zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<saleDate>06/02/2026</saleDate>
<amountOfSecuritiesSold>23813</amountOfSecuritiesSold>
<grossProceeds>2868623.5</grossProceeds>
</securitiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Tobias Lutke</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">151 O'Connor St.</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Ground Floor</street2>
<city xmlns="http://www.sec.gov/edgar/common">Ottawa</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">A6</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">K2P 2L8</zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
<saleDate>06/03/2026</saleDate>
<amountOfSecuritiesSold>72000</amountOfSecuritiesSold>
<grossProceeds>8174102.4</grossProceeds>
</securitiesSoldInPast3Months>
<remarks>Aggregate market value calculated using May 29, 2026 closing price of $118.71 per share. Number of shares outstanding as of May 1, 2026. Sales to be made pursuant to plans intended to comply with Rule10b5-1(c), entered into on December 8, 2025, at which time Tobias Lutke was not aware of material non-public information. Certain shares to be sold by Thistledown Foundation and 7910240 Canada Inc. each of which is controlled by Tobias Lutke. Converted Class B Multiple Voting Shares were acquired on May 27, 2015. Dates of sale reflect a three month period starting on June 8, 2026.</remarks>
<noticeSignature>
<noticeDate>06/05/2026</noticeDate>
<signature>Tobias Lutke</signature>
</noticeSignature>
</formData>
</edgarSubmission>
