Shopify’s Board of Directors authorized an additional $3 billion for its share repurchase program.
The new authorization brings the total program size to $5 billion.
Shopify repurchased approximately $1.45 billion in shares as of June 1, 2026.
CFO Jeff Hoffmeister stated the decision reflects consistent operating cash flow and a strong balance sheet.
The program returns capital to shareholders while supporting ongoing product development investments.
Shopify will execute repurchases through open market or private transactions with no fixed expiration date.