Shopify (SHOP) Non-Current Assets (2014 - 2026)
Shopify's Non-Current Assets came in at $6.88 billion for Q3 2026, up 8.6% from $6.33 billion a year earlier and up 3.4% from the prior quarter.
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Analysis
Shopify (SHOP) Non-Current Assets (2014 - 2026) Analysis & Trends
At the end of FY2025, Shopify's Non-Current Assets was $6.89 billion, up 3.3% from FY2024.
- Non-Current Assets has increased in each of the last three years, with a five-year compound annual growth rate of 50.8% (FY2020 to FY2025).
- Going back by year, Non-Current Assets was $6.67 billion in FY2024 (+32.8%), $5.02 billion in FY2023 (+6.7%), $4.71 billion in FY2022 (-2.0%) and $4.8 billion in FY2021 (+442.4%).
- The five-year range for quarterly Non-Current Assets is $4.71 billion (Q4 2022) to $6.89 billion (Q4 2025).
- Year-over-year, Non-Current Assets increased in four of the last five quarters, with growth averaging 8.1%.
- The fastest year-over-year change in Non-Current Assets over five years came in Q4 2021 (growth of 442.4%), and the weakest in Q1 2026 (a decline of 5.5%).
- Business Quant data shows SHOP's Non-Current Assets at $6.65 billion (Q2 2026), $5.63 billion (Q1 2026) and $6.89 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Assets (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 628.65 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 358.94 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 45.46 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 182.35 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 6.88 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 53.20 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 2.88 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | - |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 6.67 Bn |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 806.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.88 Bn |
| Jun 30, 2026 | 6.65 Bn |
| Mar 31, 2026 | 5.63 Bn |
| Dec 31, 2025 | 6.89 Bn |
| Sep 30, 2025 | 6.33 Bn |
| Jun 30, 2025 | 6.56 Bn |
| Mar 31, 2025 | 5.96 Bn |
| Dec 31, 2024 | 6.67 Bn |
| Dec 31, 2023 | 5.02 Bn |
| Dec 31, 2022 | 4.71 Bn |
| Dec 31, 2021 | 4.80 Bn |
| Dec 31, 2020 | 885.15 Mn |
| Dec 31, 2019 | 747.25 Mn |
| Dec 31, 2018 | 125.70 Mn |
| Dec 31, 2017 | 87.89 Mn |
| Dec 31, 2016 | 67.66 Mn |
| Dec 31, 2015 | 41.25 Mn |
| Dec 31, 2014 | 26.81 Mn |
API Access
Shopify Non-Current Assets API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-assets&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-assets", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-assets&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();