Shopify (SHOP) Capital Expenditures (2024 - 2026)
Shopify (SHOP) posted quarterly Capital Expenditures of $5.0 million for Q1 2026, up 25.0% year-over-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.
- In Q1 2026, Capital Expenditures rose 25.0% year-over-year to $5.0 million; the TTM figure through Mar 2026 stood at $27.0 million (up 58.82% YoY), while the FY2025 annual figure was $26.0 million, up 36.84% from the prior year.
- Capital Expenditures for Q1 2026 stood at $5.0 million, down from $10.0 million in the prior quarter.
- The five-year high for Capital Expenditures was $10.0 million in Q4 2025, with the low 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.
- Peak annual rise in Capital Expenditures reached 200.0% in 2025, while the deepest fall reached 33.33% in 2025.
- Shopify's Capital Expenditures stood at $4.0 million in 2024, then soared by 150.0% to $10.0 million in 2025, then slumped by 50.0% to $5.0 million in 2026.
- Business Quant data shows SHOP's Capital Expenditures at $5.0 million in Q1 2026, $10.0 million in Q4 2025, and $6.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -411.48 Mn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 4.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 145.00 Mn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 70.00 Mn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 114.00 Mn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 10.45 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 72.80 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 58.00 Mn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 64.00 Mn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 27.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.00 Mn |
| Jun 30, 2026 | 4.00 Mn |
| 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 |