Shopify Increases Share Buyback Authorization by $3B to $5B

Shopify's Board of Directors has authorized an additional $3 billion for its Class A subordinate voting share repurchase program, increasing the total authorization to $5 billion. This move reflects the company's confidence in its business durability, consistent operating cash flow, and strong financial position, allowing it to return capital to shareholders. As of June 1, 2026, Shopify had already repurchased approximately $1.45 billion under the previous authorization. The expanded program will commence on June 8, 2026, with no fixed expiration date.