Shopify (SHOP) Invested Capital (2023 - 2025)

Shopify has reported Invested Capital for 3 years, with the latest figure at $13.5 billion in Q4 2025.

• On a quarterly basis, Invested Capital rose 7.99% year-over-year to $13.5 billion in Q4 2025; TTM through Dec 2025 was $13.5 billion, a 7.99% increase from a year earlier, with the FY2025 full-year figure at $13.5 billion, up 7.99% from the prior year.
• Invested Capital was $13.5 billion for Q4 2025 at Shopify, roughly flat from $13.4 billion in the prior quarter.
• The five-year high for Invested Capital was $13.5 billion in Q4 2025, with the low at $9.1 billion in Q4 2023.
• Average Invested Capital over 3 years is $12.2 billion, with a median of $12.8 billion recorded in 2024.
• The sharpest annual moves came in 2024 and 2025: Invested Capital surged 37.61% in 2024, then advanced 7.99% in 2025.
• Over 3 years, Invested Capital stood at $9.1 billion in 2023, then surged by 37.61% to $12.5 billion in 2024, then gained by 7.99% to $13.5 billion in 2025.
• The last three Invested Capital figures came in at $13.5 billion (Q4 2025), $13.4 billion (Q3 2025), and $13.0 billion (Q2 2025), per Business Quant data.