Shopify (SHOP) Capital Expenditures (2024 - 2026)
Shopify (SHOP) posted Capital Expenditures of $4.0 million for Q2 2026, down 20.0% on a QoQ basis from $5.0 million in Q1 2026, and down 33.33% year-over-year from $6.0 million in Q2 2025.
Analysis
Shopify (SHOP) Capital Expenditures (2024 - 2026) Analysis & Trends
Shopify has reported Capital Expenditures for 3 years, with the latest figure at $4.0 million in Q2 2026.
- On a quarterly basis, Capital Expenditures fell 33.33% year-over-year to $4.0 million in Q2 2026; TTM through Jun 2026 was $25.0 million, a 56.25% increase from a year earlier, with the FY2025 full-year figure at $26.0 million, up 36.84% from the prior year.
- Capital Expenditures was $4.0 million for Q2 2026 at Shopify, down from $5.0 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.
- Average Capital Expenditures over 3 years is $5.4 million, with a median of $5.5 million recorded in 2024.
- The largest YoY upside for Capital Expenditures was 200.0% in 2025 against a maximum downside of 33.33% in 2025.
- Over 3 years, Capital Expenditures stood at $4.0 million in 2024, then surged by 150.0% to $10.0 million in 2025, then slumped by 60.0% to $4.0 million in 2026.
- The last three Capital Expenditures figures came in at $4.0 million (Q2 2026), $5.0 million (Q1 2026), and $10.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Shopify | 187.92 Bn | 182.98 Bn | 1.71 Bn | 4.00 Mn |
| 2 | Global-E Online | 6.49 Bn | 6.13 Bn | 131.87 Mn | -452,000.00 |
| 3 | Vtex | 624.51 Mn | 438.62 Mn | 51.71 Mn | -244,000.00 |
| 4 | Rezolve Ai | 359.91 Mn | 248.80 Mn | - | - |
| 5 | Commerce.com | 212.95 Mn | 56.62 Mn | 63.53 Mn | 5.04 Mn |
| 6 | Baozun | 154.04 Mn | -65.26 Mn | 302.56 Mn | - |
| 7 | BeLive Holdings | 23.36 Mn | 16.74 Mn | - | - |
| 8 | Paid | 20.26 Mn | 19.18 Mn | 1.22 Mn | 1,127.00 |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - | - |
| 10 | My Size | 1.36 Mn | 650,132.45 | 973,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.00 Mn |
| Mar 31, 2026 | 5.00 Mn |
| Dec 31, 2025 | 10.00 Mn |
| Sep 30, 2025 | 6.00 Mn |
| Jun 30, 2025 | 6.00 Mn |
| Mar 31, 2025 | 4.00 Mn |
| Dec 31, 2024 | 4.00 Mn |
| Sep 30, 2024 | 2.00 Mn |
| Jun 30, 2024 | 7.00 Mn |
| Mar 31, 2024 | 6.00 Mn |