Shopify (SHOP) Capital Expenditures (2014 - 2026)
Shopify's 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 has reported Capital Expenditures for 13 years, with the latest figure at $5.0 million in Q1 2026.
- For the quarter ending Q1 2026, Capital Expenditures rose 25.0% year-over-year to $5.0 million; the trailing twelve-month figure through Mar 2026 stood at $27.0 million (up 58.82% YoY), and the FY2025 full-year result 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 -$21.0 million in Q2 2023.
- Average Capital Expenditures over 5 years is -$1.8 million, with a median of $4.0 million recorded in 2024.
- Year-over-year, Capital Expenditures sank 288.87% in 2022 and jumped 200.0% in 2025.
- Tracing SHOP's Capital Expenditures over 5 years: stood at -$5.6 million in 2022, then slumped by 273.89% to -$21.0 million in 2023, then soared by 119.05% to $4.0 million in 2024, then surged by 150.0% to $10.0 million in 2025, then slumped by 50.0% to $5.0 million in 2026.
- The last three Capital Expenditures figures came in at $5.0 million (Q1 2026), $10.0 million (Q4 2025), and $6.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | - |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 141.00 Mn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 65.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 5.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 100.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 48.82 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 37.00 Mn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 50.60 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 64.00 Mn |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 11.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2023 | -21.00 Mn |
| Jun 30, 2023 | -21.00 Mn |
| Mar 31, 2023 | -14.00 Mn |
| Mar 31, 2023 | -14.00 Mn |
| Dec 31, 2022 | -5.62 Mn |
| Dec 31, 2022 | -5.62 Mn |
| Sep 30, 2022 | -10.66 Mn |
| Sep 30, 2022 | -10.66 Mn |
| Jun 30, 2022 | -9.84 Mn |
| Jun 30, 2022 | -9.84 Mn |
| Mar 31, 2022 | -15.94 Mn |
| Mar 31, 2022 | -15.94 Mn |
| Dec 31, 2021 | -20.61 Mn |
| Dec 31, 2021 | -20.61 Mn |
| Sep 30, 2021 | -9.03 Mn |
| Sep 30, 2021 | -9.03 Mn |
| Jun 30, 2021 | -6.72 Mn |
| Jun 30, 2021 | -6.72 Mn |
| Mar 31, 2021 | -4.10 Mn |
| Mar 31, 2021 | -4.10 Mn |
| Dec 31, 2020 | -4.88 Mn |
| Dec 31, 2020 | -4.88 Mn |
| Sep 30, 2020 | -7.54 Mn |
| Sep 30, 2020 | -7.54 Mn |
| Jun 30, 2020 | -6.19 Mn |
| Jun 30, 2020 | -6.19 Mn |
| Mar 31, 2020 | -12.49 Mn |
| Mar 31, 2020 | -12.49 Mn |
| Dec 31, 2019 | -10.15 Mn |
| Dec 31, 2019 | -10.15 Mn |
| Sep 30, 2019 | -9.79 Mn |
| Sep 30, 2019 | -9.79 Mn |
| Jun 30, 2019 | -15.61 Mn |
| Jun 30, 2019 | -15.61 Mn |
| Mar 31, 2019 | -7.18 Mn |
| Mar 31, 2019 | -7.18 Mn |
| Dec 31, 2018 | -5.70 Mn |
| Dec 31, 2018 | -5.70 Mn |
| Sep 30, 2018 | -4.07 Mn |
| Sep 30, 2018 | -4.07 Mn |
| Jun 30, 2018 | -7.52 Mn |
| Jun 30, 2018 | -7.52 Mn |
| Mar 31, 2018 | -4.28 Mn |
| Mar 31, 2018 | -4.28 Mn |
| Dec 31, 2017 | -8.49 Mn |
| Dec 31, 2017 | -8.49 Mn |
| Sep 30, 2017 | -3.16 Mn |
| Sep 30, 2017 | -3.16 Mn |
| Jun 30, 2017 | -1.98 Mn |
| Jun 30, 2017 | -1.98 Mn |
| Mar 31, 2017 | -1.99 Mn |
| Mar 31, 2017 | -1.99 Mn |
| Dec 31, 2016 | -6.36 Mn |
| Dec 31, 2016 | -6.36 Mn |
| Jun 30, 2016 | -7.34 Mn |
| Jun 30, 2016 | -7.34 Mn |
| Mar 31, 2016 | -2.72 Mn |
| Mar 31, 2016 | -2.72 Mn |
| Dec 31, 2015 | -5.16 Mn |
| Dec 31, 2015 | -5.16 Mn |
| Sep 30, 2015 | -6.15 Mn |
| Sep 30, 2015 | -6.15 Mn |
| Jun 30, 2015 | -2.70 Mn |
| Jun 30, 2015 | -2.70 Mn |
| Mar 31, 2015 | -2.52 Mn |
| Mar 31, 2015 | -2.52 Mn |
| Dec 31, 2014 | -9.43 Mn |
| Dec 31, 2014 | -9.43 Mn |
| Sep 30, 2014 | -6.22 Mn |
| Sep 30, 2014 | -6.22 Mn |