Tobias Lütke takes a $1 salary, but SHOPIFY INC.'s 10-K/A reports $35.0M in total compensation for FY2025. The largest component was $35.0M in option awards. Most of the gap was $35.0M in option awards. That’s down 77% from FY2024. Source: SEC 10-K/A.
In fiscal year 2025, Tobias Lütke, CEO & Head of R&D of SHOPIFY INC. (SHOP), received total compensation of $35.0 million.
Tobias Lütke's compensation breakdown includes: base salary of $1, option awards of $35.0 million,.
Compared to fiscal year 2024, Tobias Lütke's total compensation decreased 77% from $150.0 million to $35.0 million.
SHOPIFY INC.'s top 6 named executive officers received combined total compensation of $82.3 million in fiscal year 2025.
The named executive officers disclosed in SHOPIFY INC.'s 2025 proxy statement are:Tobias Lütke (CEO & Head of R&D) with total compensation of $35.0 million, Kasra Nejatian (Former COO & VP Product) with total compensation of $15.8 million, Jessica Hertz (COO) with total compensation of $12.0 million, Jeff Hoffmeister (CFO) with total compensation of $10.5 million, Harley Finkelstein (President) with total compensation of $7.5 million, and Jean Niehaus (General Counsel) with total compensation of $1.5 million.
Tobias Lütke, CEO & Head of R&D of SHOPIFY INC. (SHOP), received $35,000,027 in total compensation for FY2025, down 76.7% from the prior year. Option awards of $35,000,026 were the largest component. Figures come from SHOPIFY INC.'s 10-K/A 0001594805-26-000011 filed 29 Apr 2026.
Source Filing
Executive Record
Tobias Lütke
CEO & Head of R&D
Reported Pay
$35.0MSummary compensation table total · FY2025
Read the board's pay decision against shareholder returns and current filing context.
SHOPIFY INC. (SHOP) — Key Facts
Last updated Oct 12, 2026 · 10-K/A filed Apr 29, 2026
| CEO | Tobias Lütke, CEO & Head of R&D |
|---|---|
| Fiscal year | FY2025 |
| Total compensation | $35.0M |
| Base salary | $1 |
| Year-over-year change | -77% |
| Source | 10-K/A, 2026-04-29 |
Tobias Lütke's base salary at SHOPIFY INC. was $1. Total compensation was $35,000,027 in fiscal year 2025. Most of the gap was $35,000,026 in option awards. Figures come from SHOPIFY INC.'s 10-K/A 0001594805-26-000011 filed 29 Apr 2026.
Tobias Lütke's base salary at SHOPIFY INC. is $1 per year as of fiscal year 2025. The larger reported compensation figure of $35,000,027 is mostly $35,000,026 in option awards. Figures come from SHOPIFY INC.'s 10-K/A 0001594805-26-000011 filed 29 Apr 2026.
SHOPIFY INC.'s CEO, Tobias Lütke, earned $35,000,027 in total compensation for fiscal year 2025. Base salary was $1, and most of the remaining total was $35,000,026 in option awards. Figures come from SHOPIFY INC.'s 10-K/A 0001594805-26-000011 filed 29 Apr 2026.
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