Shopify (SHOP) Depreciation & Amortization (CF) (2014 - 2026)
Shopify's Depreciation & Amortization (CF) was $7 million in Q3 2026, down 12.5% from $8 million a year earlier and unchanged from the prior quarter.
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Analysis
Shopify (SHOP) Depreciation & Amortization (CF) (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Shopify's Depreciation & Amortization (CF) was $28 million through Sep 30, 2026, down 12.5% year-over-year; for FY2025, it was $31 million, down 13.9% from FY2024.
- Depreciation & Amortization (CF) has now declined for three consecutive years, with a five-year compound annual growth rate of -15.0% (FY2020 to FY2025).
- In earlier years, Depreciation & Amortization (CF) was $36 million in FY2024 (-48.6%), $70 million in FY2023 (-24.7%), $93 million in FY2022 (+40.3%) and $66.31 million in FY2021 (-5.4%).
- Quarterly Depreciation & Amortization (CF) has moved between $7 million (Q4 2025) and $10 million (Q2 2024) over five years.
- Compared with a year earlier, Depreciation & Amortization (CF) has declined for four straight quarters, with an average decline of 12.9% over the last seven quarters.
- Per Business Quant data, SHOP's Depreciation & Amortization (CF) in the three quarters before Q3 2026 was $7 million (Q2 2026), $7 million (Q1 2026) and $7 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Amort. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,522.13 Bn | 3,257.03 Bn | 76.16 Bn | 8.37 Bn |
| 2 | Meta Platforms | 1,639.39 Bn | 1,303.91 Bn | 51.23 Bn | 7.15 Bn |
| 3 | Netflix | 259.77 Bn | 221.06 Bn | 6.80 Bn | 107.10 Mn |
| 4 | Alibaba Group Holding | 238.46 Bn | 60.53 Bn | 15.16 Bn | - |
| 5 | Shopify | 188.67 Bn | 173.82 Bn | 1.78 Bn | 7.00 Mn |
| 6 | Uber Technologies | 142.87 Bn | 114.08 Bn | 6.42 Bn | 218.00 Mn |
| 7 | AppLovin | 131.04 Bn | 119.57 Bn | 1.94 Bn | 34.19 Mn |
| 8 | Spotify Technology | 124.73 Bn | 81.65 Bn | 1.89 Bn | 31.06 Mn |
| 9 | Booking Holdings | 119.44 Bn | 53.19 Bn | - | 183.00 Mn |
| 10 | PDD Holdings | 113.02 Bn | -131.03 Bn | 9.48 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.00 Mn |
| Jun 30, 2026 | 7.00 Mn |
| Mar 31, 2026 | 7.00 Mn |
| Dec 31, 2025 | 7.00 Mn |
| Sep 30, 2025 | 8.00 Mn |
| Jun 30, 2025 | 8.00 Mn |
| Mar 31, 2025 | 8.00 Mn |
| Dec 31, 2024 | 8.00 Mn |
| Sep 30, 2024 | 8.00 Mn |
| Jun 30, 2024 | 10.00 Mn |
| Mar 31, 2024 | 10.00 Mn |
| Dec 31, 2023 | 10.00 Mn |
| Sep 30, 2023 | 13.00 Mn |
| Jun 30, 2023 | 17.00 Mn |
| Mar 31, 2023 | 30.00 Mn |
| Dec 31, 2022 | 30.00 Mn |
| Sep 30, 2022 | 29.00 Mn |
| Jun 30, 2022 | 16.00 Mn |
| Mar 31, 2022 | 17.00 Mn |
| Dec 31, 2021 | 22.24 Mn |
API Access
Shopify Depreciation & Amortization (CF) 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=depreciation-and-amortization-cf&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-amortization-cf", "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=depreciation-and-amortization-cf&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();