Shopify raises buyback authorization by $3B to $5B total

Shopify's board added $3 billion to its share repurchase program, bringing total authorization to $5 billion. About $1.45 billion had been bought back under the prior authorization as of June 1, and purchases under the increase began June 8. Repurchases remain capped at 5% of outstanding Class A shares, executed through pre-arranged algorithmic instructions with no minimum amount.

• Additional $3 billion; aggregate authorization $5 billion (about $6.9 billion CAD)
• About $1.45 billion repurchased under the prior authorization as of June 1, 2026
• Increased program began June 8, 2026
• Repurchases capped at 5% of outstanding Class A shares; no fixed expiration