Shopify (SHOP) Intangibles (2014 - 2026)

Shopify's Intangibles history runs 13 years deep, the most recent figure standing at $28.0 million for Q1 2026.

• In Q1 2026, Intangibles fell 28.21% year-over-year to $28.0 million; the TTM figure through Mar 2026 stood at $28.0 million (down 28.21% YoY), while the FY2025 annual figure was $30.0 million, up 36.36% from the prior year.
• Intangibles was $28.0 million for Q1 2026 at Shopify, down from $30.0 million in the prior quarter.
• In the past five years, Intangibles ranged from a high of $390.0 million in Q4 2022 to a low of $22.0 million in Q4 2024.
• Historically, Intangibles has averaged $75.9 million across 5 years, with a median of $31.5 million in 2025.
• The sharpest annual moves came in 2022 and 2023: Intangibles surged 181.6% in 2022, then plunged 92.56% in 2023.
• A 5-year view of Intangibles shows it stood at $390.0 million in 2022, then slumped by 92.56% to $29.0 million in 2023, then fell by 24.14% to $22.0 million in 2024, then jumped by 36.36% to $30.0 million in 2025, then dropped by 6.67% to $28.0 million in 2026.
• The last three Intangibles figures came in at $28.0 million (Q1 2026), $30.0 million (Q4 2025), and $33.0 million (Q3 2025), per Business Quant data.