Shopify (SHOP) Invested Capital (2014 - 2026)

Shopify's Invested Capital history runs 13 years deep, the most recent figure standing at $12.5 billion for Q1 2026.

• In Q1 2026, Invested Capital rose 4.44% year-over-year to $12.5 billion; the TTM figure through Mar 2026 stood at $12.5 billion (up 4.44% YoY), while the FY2025 annual figure was $13.5 billion, up 7.99% from the prior year.
• Invested Capital was $12.5 billion for Q1 2026 at Shopify, down from $13.5 billion in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $13.5 billion in Q4 2025 to a low of $8.2 billion in Q4 2022.
• Historically, Invested Capital has averaged $11.1 billion across 5 years, with a median of $12.0 billion in 2025.
• The sharpest annual moves came in 2022 and 2025: Invested Capital decreased 25.99% in 2022, then surged 42.2% in 2025.
• A 5-year view of Invested Capital shows it stood at $8.2 billion in 2022, then rose by 10.04% to $9.1 billion in 2023, then jumped by 37.61% to $12.5 billion in 2024, then rose by 7.99% to $13.5 billion in 2025, then dropped by 7.21% to $12.5 billion in 2026.
• The last three Invested Capital figures came in at $12.5 billion (Q1 2026), $13.5 billion (Q4 2025), and $13.4 billion (Q3 2025), per Business Quant data.