Shopify Inc.

(NASDAQ:SHOP) on Tuesday increased its share repurchase authorization by $3 billion, bringing the total buyback program to $5 billion.

Chief Financial Officer Jeff Hoffmeister said the move reflects confidence in the company's business outlook, supported by consistent operating cash flow, a strong balance sheet, and continued quarterly performance.

As of June 1, 2026, Shopify had repurchased about $1.45 billion of shares under its existing authorization.

The company said it will continue buying back shares through pre-arranged algorithmic trading programs, with purchases subject to market conditions and regulatory requirements.