Shopify Announces US$3-Billion Increase to Existing Share Repurchase Program
The program has no fixed expiration date and repurchases may be made on Nasdaq, subject to market and legal conditions.
- On Tuesday, June 2, 2026, the Shopify Board of Directors approved an additional $3 billion share buyback program, bringing the company's total repurchase authorization to $5 billion.
- CFO Jeff Hoffmeister said the move reflects confidence in business durability, citing "consistent operating cash flow" and a strong balance sheet that enable capital returns during market volatility.
- Shopify's shares have faced pressure this year amid a software selloff driven by artificial intelligence concerns, losing over 27% in 2026 as of the last close.
- Following the announcement, Shopify's U.S.-listed shares rose about 1.5% in extended trading; the company has already repurchased approximately $1.45 billion under its current authorization.
- Shopify will execute the program using pre-arranged algorithmic trading instructions with no fixed expiration date, capping repurchases at 5% of issued and outstanding Class A subordinate voting shares.
16 Articles
16 Articles
Cambridge Times
Shopify Announces $3 Billion Increase to Share Repurchase Program
Internet, Everywhere, June 02, 2026 (GLOBE NEWSWIRE) -- Shopify Inc. (NASDAQ, TSX: SHOP) today announced that its Board of Directors has authorized an additional $3 billion for the repurchase of Class A subordinate voting shares, bringing its aggregate repurchase authorization…
Shopify ups share buyback program as activist investors question AI policies
Shopify has authorized itself to buy up to $5 billion USD ($6.9 billion CAD) of its own shares, as it deals with a declining stock price and an activist investor proposal ahead of its annual general meeting later this month. The Ottawa-based e-commerce giant announced on Tuesday evening that its board of directors increased the $2 billion repurchase program it launched in February by another $3 billion. Shopify said it had used up almost three-…
Shopify Adds $3 Billion to Buyback Plan Amid Price Weakness
Shopify (TSX: SHOP) is putting more muscle behind its commitment to return cash to shareholders. The e-commerce company said its board has authorized an additional $3 billion for buying back Class A subordinate voting shares, lifting the total program to $5 billion. Shopify has already been active under the existing plan, repurchasing approximately $1.45 billion […]
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