Share-Based Payment Expense Adj. Operating Income: $269 $79M $150M $130M $248 $228 $224 $220 $216 $214 $128 $189 $109 $179 $96 $94 $91 $115 $107 $96 $11 $10 $100 $10 $9 $9 $10 $10 $9 $9 $27 $9 $27 $5 $10 $20 $9 $20 $9 $20 $7 $12 $9 $20 $5 $13 $9 $12 $94 $93 $93 $87 $84 $82 $71 $64 $53 FY Q1'23 FY Q2'23 FY Q3'23 FY Q4'23 FY Q1'24 FY Q2'24 FY Q3'24 FY Q4'24 FY Q1'25 Employee Stock-Based Compensation CEO Value Creation Award Shopify Commercial Agreement Asset Amortization Amazon Commercial Agreement Asset Amortization Amazon Enterprise Warrant Vesting Notes: 1. Metrics are unaudited 40 2. Dollars in millions 3. Amounts above are included in Operating Expenses