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business / news / 2026-06-03 / Bnn Bloomberg

Shopify Inc. is boosting its ongoing share buyback program by US$3 billion.

Shopify increased its share buyback program by US$3 billion, totaling US$5 billion authorized.

KEY POINTS

As of June 1, Shopify has already repurchased about US$1.45 billion in shares.
The expanded buyback covers only Class A subordinate voting shares.
There are no fixed quarterly or annual repurchase minimums in Shopify’s program.

Shopify Inc. is boosting its ongoing share buyback program by US$3 billion. The company says the increase is for the repurchase of Class A subordinate voting shares and brings its aggregate repurchase authorization to US$5 billion. As of June 1, Shopify says it has repurchased around US$1.45 billion under its current share repurchase authorization. The Ottawa-based e-commerce company says it will continue to execute its share repurchase program with no set quarterly or annual minimums. Jeff Hoffmeister, Shopify’s chief financial officer, says the announcement showcases confidence in the durability of the business. Shopify trades on both the TSX and Nasdaq and keeps its books in U.S. dollars.

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