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Tobias Lütke received $150.0M in total compensation as Chief Executive Officer of SHOPIFY INC. in FY2024. The largest component was $112.5M in option awards. That’s up 650% from FY2023. Source: SEC 20-F.
In fiscal year 2024, Tobias Lütke, Chief Executive Officer of SHOPIFY INC. (SHOP), received total compensation of $150.0 million.
Tobias Lütke's compensation breakdown includes: base salary of $1, stock awards valued at $37.5 million, option awards of $112.5 million,.
Compared to fiscal year 2023, Tobias Lütke's total compensation increased 650% from $20.0 million to $150.0 million.
SHOPIFY INC.'s top 5 named executive officers received combined total compensation of $196.9 million in fiscal year 2024.
The named executive officers disclosed in SHOPIFY INC.'s 2024 proxy statement are:Tobias Lütke (Chief Executive Officer) with total compensation of $150.0 million, Jeff Hoffmeister (CFO) with total compensation of $19.7 million, Jessica Hertz (General Counsel) with total compensation of $13.4 million, Harley Finkelstein (President) with total compensation of $12.8 million, and Kasra Nejatian (COO & VP Product) with total compensation of $1.0 million.
Chief Executive Officer
100% equity
Based on 20-F filed 2025-04-29 · FY2024
Team view
5 executives
Chief Executive Officer
Total PayFY2024
$150.0M
CFO
Total PayFY2024
$19.7M
General Counsel
Total PayFY2024
$13.4M
President
Total PayFY2024
$12.8M
COO & VP Product
Total PayFY2024
$1.0M
FY2024 total compensation breakdown
$150.0M total compensation
Tobias Lütke earned $150.0M in FY2024 — here's how that breaks down.
$112.5M
75% of total
$37.5M
25% of total
$1
0% of total
We need at least two years of pay and stock data to show the trend.
Pay changes vs. stock performance
1 year of data
Recent insider trades by officers and directors
~143 trades
For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2024 | Tobias Lütke Chief Executive Officer | $0.00M | $0.00M | $37.5M | $112.5M | $0.00M | $150.0M |
| 2023 | Tobias Lütke Chief Executive Officer | $0.00M | $0.00M | $0.00M | $20.0M | $0.00M | $20.0M |
| 2022 | Tobias Lütke Chief Executive Officer | $0.00M | $0.00M | $0.00M | $20.0M | $0.00M | $20.0M |
| 2015 | Tobias Lütke Chief Executive Officer | $0.31M | $0.01M | $0.00M | $0.43M | $0.33M | $1.08M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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