Shopify announces US$3-billion increase to existing share repurchase program
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
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.
This report by The Canadian Press was first published June 2, 2026.
Companies in this story: (TSX:SHOP)