# Shopify authorized an additional $3 billion in share repurchases, bringing its total buyback authorization to $5 billion.

*business · news · 2026-06-02 · MarketScreener*

## Key points

- Shopify increased its share buyback authorization by $3 billion, totaling $5 billion approved.
- As of June 1, Shopify had repurchased about $1.45 billion worth of its shares.
- Shopify's buyback program uses pre-arranged algorithmic trading guidelines without fixed periodic minimums.
- The new buyback authorization signals Shopify's increased confidence in its business outlook.

By Kelly Cloonan Shopify authorized an additional $3 billion in share repurchases, bringing its total buyback authorization to $5 billion. The e-commerce company said Tuesday the move reflects its confidence in its business and opportunity ahead. As of June 1, Shopify has repurchased about $1.45 billion under its current authorization. The company said it will continue to execute the program using pre-arranged algorithmic trading guidelines with no set quarterly or annual minimums. Write to Kelly Cloonan at kelly.cloonan@wsj.com (END) Dow Jones Newswires 06-02-26 1730ET

**Companies:** Shopify
**Countries:** Canada

[Read the full story on MarketScreener](https://www.marketscreener.com/news/shopify-adds-3-billion-to-share-buyback-authorization-ce7f5dded18eff26)

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