Shopify authorizes $2 billion share buyback, effective February 17

Shopify's board authorized a share repurchase program of up to $2 billion, announced alongside fourth-quarter results. The program took effect on February 17, 2026 and has no fixed expiration. The authorization caps repurchases at 5% of outstanding Class A shares and gives the company room to buy back stock while the shares trade well below their December 2025 peak.

• Authorization: up to $2 billion of Class A subordinate voting shares
• Program effective February 17, 2026, with no fixed expiration date
• Repurchases capped at 5% of outstanding Class A shares
• Shopify bought back $491M of common stock in Q1 2026 under this program