Shopify Increases Share Repurchase Program to $5 Billion

By Chris Stiles • Wednesday, June 03 13:20 • Permanent Link

Shopify has added $3 billion to its share repurchase program, lifting the total authorization to $5 billion from $2 billion previously.

As of June 1, 2026, the company had already repurchased about $1.45 billion under the existing program, leaving roughly $3.55 billion of authorization still available after the new increase.

The latest move comes after Shopify said it had been executing buybacks through pre-arranged algorithmic trading instructions, with no set quarterly or annual minimums. The company said repurchases can be made in the open market, through privately negotiated transactions, or by other means.

Chief Financial Officer Jeff Hoffmeister pointed to “consistent operating cash flow” and a “balance sheet built for the long-term” as reasons the company can both invest in products and return capital to shareholders. The market has reacted to these announcements by moving the company's shares -2.49% to a price of $114.0951. If you want to know more, read the company's complete 8-K report here.

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