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        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001962729</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>
                <ns2:street1>151 O Connor Street</ns2:street1>
                <ns2:city>Ottawa</ns2:city>
                <ns2:stateOrCountry>A6</ns2:stateOrCountry>
                <ns2:zipCode>K2P 2L8</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>6132412828</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>KASRA NEJATIAN</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>50000</noOfUnitsSold>
            <aggregateMarketValue>6040485.00</aggregateMarketValue>
            <noOfUnitsOutstanding>1215528049</noOfUnitsOutstanding>
            <approxSaleDate>02/12/2025</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>12/14/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted stock vesting under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>28937</amountOfSecuritiesAcquired>
            <paymentDate>12/14/2024</paymentDate>
            <natureOfPayment>Services Rendered</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>12/09/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted stock vesting under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>17644</amountOfSecuritiesAcquired>
            <paymentDate>12/09/2024</paymentDate>
            <natureOfPayment>Services Rendered</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>10/31/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted stock vesting under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>241</amountOfSecuritiesAcquired>
            <paymentDate>10/31/2024</paymentDate>
            <natureOfPayment>Services Rendered</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>11/30/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted stock vesting under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>241</amountOfSecuritiesAcquired>
            <paymentDate>11/30/2024</paymentDate>
            <natureOfPayment>Services Rendered</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>11/15/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted stock vesting under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>2670</amountOfSecuritiesAcquired>
            <paymentDate>11/15/2024</paymentDate>
            <natureOfPayment>Services Rendered</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>09/30/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted stock vesting under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>267</amountOfSecuritiesAcquired>
            <paymentDate>09/30/2024</paymentDate>
            <natureOfPayment>Services Rendered</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>KASRA NEJATIAN</name>
                <address>
                    <ns2:street1>151 O Connor Street</ns2:street1>
                    <ns2:city>Ottawa</ns2:city>
                    <ns2:stateOrCountry>A6</ns2:stateOrCountry>
                    <ns2:zipCode>K2P 2L8</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/14/2024</saleDate>
            <amountOfSecuritiesSold>31250</amountOfSecuritiesSold>
            <grossProceeds>3437018.75</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>KASRA NEJATIAN</name>
                <address>
                    <ns2:street1>151 O Connor Street</ns2:street1>
                    <ns2:city>Ottawa</ns2:city>
                    <ns2:stateOrCountry>A6</ns2:stateOrCountry>
                    <ns2:zipCode>K2P 2L8</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/13/2024</saleDate>
            <amountOfSecuritiesSold>31250</amountOfSecuritiesSold>
            <grossProceeds>3353946.88</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>02/12/2025</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Kasra Nejatian</signature>
        </noticeSignature>
    </formData>
</edgarSubmission>
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144
0001962729
XXXXXXXX
LIVE
0001594805
SHOPIFY INC.
001-37400
151 O Connor Street
Ottawa
A6
K2P 2L8
6132412828
KASRA NEJATIAN
Officer
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York
NY
10004
50000
6040485.00
1215528049
02/12/2025
NYSE
Common
12/14/2024
Restricted stock vesting under a registered plan
Issuer
N
28937
12/14/2024
Services Rendered
Common
12/09/2024
Restricted stock vesting under a registered plan
Issuer
N
17644
12/09/2024
Services Rendered
Common
10/31/2024
Restricted stock vesting under a registered plan
Issuer
N
241
10/31/2024
Services Rendered
Common
11/30/2024
Restricted stock vesting under a registered plan
Issuer
N
241
11/30/2024
Services Rendered
Common
11/15/2024
Restricted stock vesting under a registered plan
Issuer
N
2670
11/15/2024
Services Rendered
Common
09/30/2024
Restricted stock vesting under a registered plan
Issuer
N
267
09/30/2024
Services Rendered
N
KASRA NEJATIAN
151 O Connor Street
Ottawa
A6
K2P 2L8
Common
11/14/2024
31250
3437018.75
KASRA NEJATIAN
151 O Connor Street
Ottawa
A6
K2P 2L8
Common
11/13/2024
31250
3353946.88
02/12/2025
/s/ Kasra Nejatian