Shopify (SHOP) Intangibles (2014 - 2026)
Shopify (SHOP) posted Intangibles of $27.0 million for Q2 2026, down 3.57% on a QoQ basis from $28.0 million in Q1 2026, and down 25.0% year-over-year from $36.0 million in Q2 2025.
Analysis
Shopify (SHOP) Intangibles (2014 - 2026) Analysis & Trends
Shopify has reported Intangibles for 13 years, with the latest figure at $27.0 million in Q2 2026.
- On a quarterly basis, Intangibles fell 25.0% year-over-year to $27.0 million in Q2 2026; TTM through Jun 2026 was $27.0 million, a 25.0% decrease from a year earlier, with the FY2025 full-year figure at $30.0 million, up 36.36% from the prior year.
- Intangibles was $27.0 million for Q2 2026 at Shopify, down from $28.0 million in the prior quarter.
- The five-year high for Intangibles was $390.0 million in Q4 2022, with the low at $22.0 million in Q4 2024.
- Average Intangibles over 5 years is $70.4 million, with a median of $30.0 million recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Intangibles soared 181.6% in 2022, then tumbled 92.56% in 2023.
- Over 5 years, Intangibles stood at $390.0 million in 2022, then sank by 92.56% to $29.0 million in 2023, then retreated by 24.14% to $22.0 million in 2024, then surged by 36.36% to $30.0 million in 2025, then retreated by 10.0% to $27.0 million in 2026.
- The last three Intangibles figures came in at $27.0 million (Q2 2026), $28.0 million (Q1 2026), and $30.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Shopify | 187.92 Bn | 182.98 Bn | 1.71 Bn | 27.00 Mn |
| 2 | Global-E Online | 6.49 Bn | 6.13 Bn | 131.87 Mn | 40.43 Mn |
| 3 | Vtex | 624.51 Mn | 438.62 Mn | 51.71 Mn | 7.11 Mn |
| 4 | Rezolve Ai | 359.91 Mn | 248.80 Mn | - | 103,000.00 |
| 5 | Commerce.com | 212.95 Mn | 56.62 Mn | 63.53 Mn | 8.30 Mn |
| 6 | Baozun | 154.04 Mn | -65.26 Mn | 302.56 Mn | 45.67 Mn |
| 7 | BeLive Holdings | 23.36 Mn | 16.74 Mn | - | 302,868.27 |
| 8 | Paid | 20.26 Mn | 19.18 Mn | 1.22 Mn | 1.79 Mn |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - | 165,860.00 |
| 10 | My Size | 1.36 Mn | 650,132.45 | 973,000.00 | 1.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.00 Mn |
| Mar 31, 2026 | 28.00 Mn |
| Dec 31, 2025 | 30.00 Mn |
| Sep 30, 2025 | 33.00 Mn |
| Jun 30, 2025 | 36.00 Mn |
| Mar 31, 2025 | 39.00 Mn |
| Dec 31, 2024 | 22.00 Mn |
| Dec 31, 2023 | 29.00 Mn |
| Dec 31, 2022 | 390.00 Mn |
| Dec 31, 2021 | 138.50 Mn |
| Dec 31, 2020 | 135.68 Mn |
| Dec 31, 2019 | 167.28 Mn |
| Dec 31, 2018 | 26.07 Mn |
| Dec 31, 2017 | 17.21 Mn |
| Dec 31, 2016 | 6.44 Mn |
| Dec 31, 2015 | 5.83 Mn |
| Dec 31, 2014 | 2.71 Mn |