Shopify (SHOP) Return on Capital Employed (2025 - 2026)
Shopify (SHOP) recorded quarterly Return on Capital Employed of 12.4% in Q1 2026, up 15.89% quarter-over-quarter from 10.7% in Q4 2025, and up 217.0% on a YoY basis from 3.91% in Q1 2025.
Shopify (SHOP) Return on Capital Employed (2025 - 2026) Analysis & Trends
Shopify's Return on Capital Employed history runs 2 years deep, the most recent figure standing at 12.4% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 217.0% year-over-year to 12.4%; the TTM figure through Mar 2026 stood at 12.4% (up 217.0% YoY), while the FY2025 annual figure was 11.15%, up 106.0% from the prior year.
- Return on Capital Employed was 12.4% for Q1 2026 at Shopify, up from 10.7% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 12.4% in Q1 2026 to a low of 10.23% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 40.19% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | 9.54% |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 12.81% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.40% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 10.65% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 17.43% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.32% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -20.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 51.24% |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | -25.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.40% |
| Dec 31, 2025 | 10.70% |
| Sep 30, 2025 | 10.34% |
| Jun 30, 2025 | 10.43% |
| Mar 31, 2025 | 10.23% |