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Shopify (SHOP) Intangibles (2016 - 2026)

Shopify (SHOP) has disclosed Intangibles for 12 consecutive years, with $30.0 million as the latest value for Q4 2025.

  • For Q4 2025, Intangibles rose 36.36% year-over-year to $30.0 million; the TTM value through Dec 2025 reached $30.0 million, up 36.36%, while the annual FY2025 figure was $30.0 million, 36.36% up from the prior year.
  • Intangibles hit $30.0 million in Q4 2025 for Shopify, down from $33.0 million in the prior quarter.
  • Across five years, Intangibles topped out at $390.0 million in Q4 2022 and bottomed at $22.0 million in Q4 2024.
  • Average Intangibles over 5 years is $89.7 million, with a median of $34.5 million recorded in 2025.
  • Year-over-year, Intangibles soared 181.6% in 2022 and then plummeted 92.56% in 2023.
  • Shopify's Intangibles stood at $138.5 million in 2021, then skyrocketed by 181.6% to $390.0 million in 2022, then tumbled by 92.56% to $29.0 million in 2023, then dropped by 24.14% to $22.0 million in 2024, then surged by 36.36% to $30.0 million in 2025.
  • According to Business Quant data, Intangibles over the past three periods came in at $30.0 million, $33.0 million, and $36.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.