Shopify (SHOP) Intangibles (2014 - 2026)
Shopify (SHOP) recorded Intangibles of $27 million in Q2 2026, down 25.0% from $36 million a year earlier and down 3.6% from the prior quarter.
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Analysis
Shopify (SHOP) Intangibles (2014 - 2026) Analysis & Trends
At the end of FY2025, Shopify reported Intangibles of $30 million, up 36.4% from FY2024.
- Annual Intangibles has a five-year compound annual growth rate of -26.1% (FY2020 to FY2025).
- Across earlier years, Intangibles came in at $22 million in FY2024 (-24.1%), $29 million in FY2023 (-92.6%), $390 million in FY2022 (+181.6%) and $138.5 million in FY2021 (+2.1%).
- The Q2 2026 figure is the lowest quarterly Intangibles since Q4 2024.
- On a year-over-year basis, Intangibles rose in 1 of the last four quarters, with an average decline of 10.2%.
- Per Business Quant, the preceding three quarters came in at $28 million (Q1 2026), $30 million (Q4 2025) and $33 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn | 9.11 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn | - |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn | - |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn | 2.46 Bn |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn | 27.00 Mn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn | 1.13 Bn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - | 852.00 Mn |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn | 2.00 Mn |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn | 41.12 Mn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn | - |
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 |
API Access
Shopify Intangibles 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=intangibles&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();