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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 - 2026)

Shopify (SHOP) has disclosed Invested Capital for 12 consecutive years, with $13.5 billion as the latest value for Q4 2025.

  • For Q4 2025, Invested Capital rose 7.99% year-over-year to $13.5 billion; the TTM value through Dec 2025 reached $13.5 billion, up 7.99%, while the annual FY2025 figure was $13.5 billion, 7.99% up from the prior year.
  • Invested Capital hit $13.5 billion in Q4 2025 for Shopify, roughly flat from $13.4 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $13.5 billion in Q4 2025 and bottomed at $8.2 billion in Q4 2022.
  • Average Invested Capital over 5 years is $11.0 billion, with a median of $11.1 billion recorded in 2021.
  • Year-over-year, Invested Capital surged 73.93% in 2021 and then fell 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.
  • According to Business Quant data, Invested Capital over the past three periods came in at $13.5 billion, $13.4 billion, and $13.0 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.