Shopify (SHOP) Capital Expenditures (2024 - 2026)

Shopify's (SHOP) quarterly Capital Expenditures came in at $5.0 million in Q1 2026, up 25.0% year-on-year from $4.0 million in Q1 2025, and down 50.0% quarter-over-quarter from $10.0 million in Q4 2025.

Shopify (SHOP) Capital Expenditures (2024 - 2026) Analysis & Trends

Shopify's Capital Expenditures history runs 3 years deep, the most recent figure standing at $5.0 million for Q1 2026.

  • On a quarterly basis, Capital Expenditures rose 25.0% year-over-year to $5.0 million in Q1 2026; TTM through Mar 2026 was $27.0 million, a 58.82% increase from a year earlier, with the FY2025 full-year figure at $26.0 million, up 36.84% from the prior year.
  • Capital Expenditures declined to $5.0 million in Q1 2026 per SHOP's latest filing, from $10.0 million in the prior quarter.
  • Across five years, Capital Expenditures topped out at $10.0 million in Q4 2025 and bottomed at $2.0 million in Q3 2024.
  • The 3-year median for Capital Expenditures is $6.0 million (2024), against an average of $5.6 million.
  • Biggest YoY gain for Capital Expenditures was 200.0% in 2025; the steepest drop was 33.33% in 2025.
  • Year by year, Capital Expenditures stood at $4.0 million in 2024, then jumped by 150.0% to $10.0 million in 2025, then sank by 50.0% to $5.0 million in 2026.
  • Per Business Quant, the three latest SHOP Capital Expenditures figures stand at $5.0 million (Q1 2026), $10.0 million (Q4 2025), and $6.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -278.64 Mn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -9.88 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 5.00 Mn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 65.00 Mn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 145.00 Mn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 114.00 Mn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 50.60 Mn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 10.45 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 48.82 Mn
10 Datadog 86.34 Bn 81.58 Bn 797.20 Mn 11.36 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 5.00 Mn
Mar 31, 2026 5.00 Mn
Dec 31, 2025 10.00 Mn
Dec 31, 2025 10.00 Mn
Sep 30, 2025 6.00 Mn
Sep 30, 2025 6.00 Mn
Jun 30, 2025 6.00 Mn
Jun 30, 2025 6.00 Mn
Mar 31, 2025 4.00 Mn
Mar 31, 2025 4.00 Mn
Dec 31, 2024 4.00 Mn
Dec 31, 2024 4.00 Mn
Sep 30, 2024 2.00 Mn
Sep 30, 2024 2.00 Mn
Jun 30, 2024 7.00 Mn
Jun 30, 2024 7.00 Mn
Mar 31, 2024 6.00 Mn
Mar 31, 2024 6.00 Mn