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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Shopify (SHOP) Invested Capital (2016 - 2025)

Shopify has reported Invested Capital over the past 12 years, most recently at $13.5 billion for Q4 2025.

  • Quarterly results put Invested Capital at $13.5 billion for Q4 2025, up 7.99% from a year ago — trailing twelve months through Dec 2025 was $13.5 billion (up 7.99% YoY), and the annual figure for FY2025 was $13.5 billion, up 7.99%.
  • Invested Capital for Q4 2025 was $13.5 billion at Shopify, roughly flat from $13.4 billion in the prior quarter.
  • Over the last five years, Invested Capital for SHOP hit a ceiling of $13.5 billion in Q4 2025 and a floor of $8.2 billion in Q4 2022.
  • Median Invested Capital over the past 5 years was $11.1 billion (2021), compared with a mean of $11.0 billion.
  • Biggest five-year swings in Invested Capital: soared 73.93% in 2021 and later dropped 25.99% in 2022.
  • Shopify's Invested Capital stood at $11.1 billion in 2021, then dropped by 25.99% to $8.2 billion in 2022, then grew by 10.04% to $9.1 billion in 2023, then surged by 37.61% to $12.5 billion in 2024, then grew by 7.99% to $13.5 billion in 2025.
  • The last three reported values for Invested Capital were $13.5 billion (Q4 2025), $13.4 billion (Q3 2025), and $13.0 billion (Q2 2025) per Business Quant data.