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.

• On a quarterly basis, Intangibles fell 28.21% year-over-year to $28.0 million in Q1 2026; TTM through Mar 2026 was $28.0 million, a 28.21% decrease from a year earlier, with the FY2025 full-year figure at $30.0 million, up 36.36% from the prior year.
• Intangibles eased to $28.0 million in Q1 2026 per SHOP's latest filing, from $30.0 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.
• The 5-year median for Intangibles is $31.5 million (2025), against an average of $75.9 million.
• Across the five-year window, Intangibles jumped 181.6% in 2022 and plunged 92.56% in 2023, its largest moves.
• Year by year, Intangibles stood at $390.0 million in 2022, then plunged 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.
• Per Business Quant, the three latest SHOP Intangibles figures stand at $28.0 million (Q1 2026), $30.0 million (Q4 2025), and $33.0 million (Q3 2025).