Shopify Executive Compensation (FY25)
SHOP · Executive and director compensation, fiscal 2025 only
The Shopify brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
Data as of September 10, 2026Latest filing (10-K): June 16, 2026
3 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
$1,500Get the executive brief
33 figures on this page: 31 cited to the filing that reported them, 2 calculated from figures it prints. See the citations
Shopify does not file an annual proxy statement (DEF 14A). Its executive compensation is disclosed directly in its Form 10-K (Part III), which is the filing cited throughout this document. A Form 10-K does not carry director compensation, the director fee schedule or a disclosed compensation peer group; those sections are absent from this document for that reason, not from a data gap.
Frequently asked questions
Answers drawn from the data on this page.
Who is Shopify's chief executive and what were they paid?
Tobias Lütke was paid $35,000,027 in total compensation as CEO & Head of R&D for fiscal 2025.
What was Shopify's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 81.2% support at the meeting held June 16, 2026.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Tobias Lütke CEO & Head of R&D | ◇ | — | — | ◇ | — | — | — | ◇ |
Kasra Nejatian Former COO & VP Product Departed during or after this year | ◇ | — | ◇ | ◇ | — | — | — | ◇ |
Jessica Hertz COO | ◇ | — | ◇ | ◇ | — | — | — | ◇ |
Jeff Hoffmeister CFO | ◇ | — | ◇ | ◇ | — | — | — | ◇ |
Harley Finkelstein President | ◇ | — | ◇ | ◇ | — | — | — | ◇ |
Jean Niehaus General Counsel | ◇ | — | ◇ | ◇ | — | — | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Severance and change in control
The terms as written in the agreements.
Jean Niehaus
General Counsel · Offer letter · dated May 1, 2025
| Severance base | ◇ |
| Excise tax treatment | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 16, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 17, 2025 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Shopify disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
33 figures on this page: 31 cited to the filing that reported them, 2 calculated from figures it prints.
31 cited to the filing
2 calculated from the filing
Documents cited
- 0001594805-26-0000303. Non-binding Advisory Vote on Executive Compensation
- 0001594805-26-000007EX-10.09
- 0001594805-25-0000543. Non-binding Advisory Vote on Executive Compensation
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Shopify executive compensation, FY2025.” https://intel.velarion.ai/comp/SHOP (accessed 2026).
Short form: data: Velarion
The Shopify brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
3 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
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The headline figures, each with its citation.
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}