Shopify Board Authorizes $3 Billion Share Repurchase Program

Shopify Inc. announced on Tuesday that its board of directors authorized an additional $3 billion for the company’s share repurchase program. This move expands the e-commerce platform’s existing capital allocation strategy, allowing the company to buy back its Class A subordinate voting shares and Class B multiple voting shares from time to time.

The company plans to execute these repurchases through open market transactions on the New York Stock Exchange and the Toronto Stock Exchange, or through other methods permitted by securities regulators. Shopify intends to fund these acquisitions using its existing cash reserves. The timing and total volume of the repurchases depend on market conditions, the company’s stock price, and other corporate requirements. Shopify retains the authority to suspend or discontinue the program at any time without prior notice.

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Date: June 2, 2026

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GOAI