Shopify announced its Board of Directors has authorized an additional $3.0 billion for its share repurchase program. This increase brings the total authorized amount for repurchasing its Class A subordinate voting shares to an aggregate of $5.0 billion.
Key Details
- New Authorization: The board approved an additional $3.0 billion, increasing the total program size to $5.0 billion.
- Program Status: As of June 1, 2026, Shopify had already repurchased approximately $1.45 billion of shares under its previous authorization.
- Execution: Repurchases under the increased program will commence on June 8, 2026, and may be made in the open market or through other transactions. The program has no fixed expiration date.