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.
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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 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn | 9.11 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn | - |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn | - |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn | 2.46 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn | 27.00 Mn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn | 1.13 Bn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - | 852.00 Mn |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn | 2.00 Mn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn | 41.85 Mn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn | 355.66 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 |
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();