Shopify (SHOP) Asset Utilization Ratio (2025 - 2026)
Shopify (SHOP) posted Asset Utilization Ratio of 0.93 for Q2 2026, up 10.0% on a QoQ basis from 0.84 in Q1 2026, and up 29.58% year-over-year from 0.72 in Q2 2025.
Powered by 
Analysis
Shopify (SHOP) Asset Utilization Ratio (2025 - 2026) Analysis & Trends
Shopify has reported Asset Utilization Ratio for 2 years, with the latest figure at 0.93 in Q2 2026.
- On a quarterly basis, Asset Utilization Ratio rose 29.58% year-over-year to 0.93 in Q2 2026; TTM through Jun 2026 was 0.93, a 29.58% increase from a year earlier, with the FY2025 full-year figure at 0.79, up 12.75% from the prior year.
- Asset Utilization Ratio was 0.93 for Q2 2026 at Shopify, up from 0.84 in the prior quarter.
- The five-year high for Asset Utilization Ratio was 0.93 in Q2 2026, with the low at 0.69 in Q1 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn | 0.55 |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn | 0.54 |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn | 0.81 |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn | 0.53 |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn | 0.93 |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn | 0.88 |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - | 0.98 |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn | 0.68 |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn | 1.35 |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn | 0.85 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.93 |
| Mar 31, 2026 | 0.84 |
| Dec 31, 2025 | 0.76 |
| Sep 30, 2025 | 0.72 |
| Jun 30, 2025 | 0.72 |
| Mar 31, 2025 | 0.69 |
API Access
Shopify Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();