Shopify (SHOP) Invested Capital (2014 - 2026)
Shopify's quarterly Invested Capital came in at $12.5 billion in Q1 2026, up 4.44% year-on-year from $12.0 billion in Q1 2025, and down 7.21% quarter-over-quarter from $13.5 billion in Q4 2025.
Shopify has reported Invested Capital for 12 years, with the latest figure at $12.5 billion in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital rose 4.44% year-over-year to $12.5 billion; the trailing twelve-month figure through Mar 2026 stood at $12.5 billion (up 4.44% YoY), and the FY2025 full-year result was $13.5 billion, up 7.99% from the prior year.
- Invested Capital for Q1 2026 stood at $12.5 billion, down from $13.5 billion in the prior quarter.
- The five-year high for Invested Capital was $13.5 billion in Q4 2025, with the low at $6.1 billion in Q4 2022.
- Average Invested Capital over 4 years is $10.2 billion, with a median of $10.1 billion recorded in 2024.
- Year-over-year, Invested Capital slumped 32.44% in 2022 and jumped 42.2% in 2025.
- Tracing SHOP's Invested Capital over 4 years: stood at $6.1 billion in 2022, then jumped by 105.55% to $12.5 billion in 2024, then gained by 7.99% to $13.5 billion in 2025, then declined 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 53.11 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 73.58 Bn |
| 3 | Uber Technologies | 147.39 Bn | 146.35 Bn | 11.88 Bn | 24.75 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 12.50 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 11.73 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 6.99 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 16.81 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 6.35 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 26.79 Bn |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 3.99 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.50 Bn |
| Dec 31, 2025 | 13.47 Bn |
| Sep 30, 2025 | 13.43 Bn |
| Jun 30, 2025 | 13.04 Bn |
| Mar 31, 2025 | 11.97 Bn |
| Dec 31, 2024 | 12.48 Bn |
| Sep 30, 2024 | 10.12 Bn |
| Jun 30, 2024 | 9.17 Bn |
| Mar 31, 2024 | 8.89 Bn |
| Dec 31, 2022 | 6.07 Bn |
| Sep 30, 2022 | 6.67 Bn |
| Jun 30, 2022 | 6.84 Bn |
| Mar 31, 2022 | 7.73 Bn |
| Dec 31, 2021 | 8.83 Bn |
| Sep 30, 2021 | 9.03 Bn |
| Jun 30, 2021 | 10.12 Bn |
| Mar 31, 2021 | 7.22 Bn |
| Dec 31, 2020 | 4.91 Bn |
| Sep 30, 2020 | 4.64 Bn |
| Jun 30, 2020 | 3.34 Bn |
| Mar 31, 2020 | 2.27 Bn |
| Dec 31, 2019 | 2.28 Bn |
| Sep 30, 2019 | 2.14 Bn |
| Jun 30, 2019 | 1.62 Bn |
| Mar 31, 2019 | 1.60 Bn |
| Dec 31, 2018 | 1.58 Bn |
| Sep 30, 2018 | 1.28 Bn |
| Jun 30, 2018 | 1.28 Bn |
| Mar 31, 2018 | 1.31 Bn |
| Dec 31, 2017 | 788.01 Mn |
| Sep 30, 2017 | 787.78 Mn |
| Jun 30, 2017 | 977.44 Mn |
| Mar 31, 2017 | 410.86 Mn |
| Dec 31, 2016 | 307.73 Mn |
| Sep 30, 2016 | 411.52 Mn |
| Jun 30, 2016 | 188.75 Mn |
| Mar 31, 2016 | 190.98 Mn |
| Dec 31, 2015 | 195.32 Mn |
| Sep 30, 2015 | 197.31 Mn |
| Jun 30, 2015 | 199.55 Mn |
| Dec 31, 2014 | 67.73 Mn |