Shopify (SHOP) Invested Capital (2024 - 2025)

Shopify's (SHOP) quarterly Invested Capital came in at $920.0 million in Q3 2025, little changed quarter-over-quarter from $919.0 million in Q2 2025.

Shopify (SHOP) Invested Capital (2024 - 2025) Analysis & Trends

Shopify's Invested Capital history runs 2 years deep, the most recent figure standing at $920.0 million for Q3 2025.

On a quarterly basis, Invested Capital changed N/A year-over-year to $920.0 million in Q3 2025; TTM through Mar 2026 was $1.8 billion, a 0.11% change from a year earlier, with the FY2024 full-year figure at $918.0 million, changed N/A from the prior year.
Invested Capital steadied at $920.0 million in Q3 2025 per SHOP's latest filing, from $919.0 million in the prior quarter.
Across five years, Invested Capital topped out at $920.0 million in Q3 2025 and bottomed at $918.0 million in Q4 2024.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Invested Cap. (Qtr)
1	Sap Se	208.91 Bn	189.27 Bn	8.16 Bn	7.05 Bn
2	Full Truck Alliance	188.77 Bn	186.13 Bn	-	4.25 Mn
3	Shopify	145.98 Bn	140.23 Bn	1.55 Bn	-
4	Uber Technologies	141.48 Bn	140.44 Bn	5.95 Bn	-
5	Salesforce	128.51 Bn	116.67 Bn	8.56 Bn	-
6	ServiceNow	98.38 Bn	93.20 Bn	2.82 Bn	2.08 Bn
7	Automatic Data Processing	97.56 Bn	94.34 Bn	2.87 Bn	-
8	Snowflake	91.55 Bn	88.59 Bn	926.45 Mn	-
9	Cadence Design Systems	89.91 Bn	88.50 Bn	1.41 Bn	425.00 Mn
10	Datadog	86.34 Bn	81.58 Bn	797.20 Mn	-

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