Shopify (SHOP) Return on Capital Employed (2025 - 2026)
Shopify's (SHOP) quarterly Return on Capital Employed came in at 12.4% in Q1 2026, up 217.0% year-on-year from 3.91% in Q1 2025, and up 15.89% quarter-over-quarter from 10.7% in Q4 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.
- On a quarterly basis, Return on Capital Employed rose 217.0% year-over-year to 12.4% in Q1 2026; TTM through Mar 2026 was 12.4%, a 217.0% increase from a year earlier, with the FY2025 full-year figure at 11.15%, up 106.0% from the prior year.
- Return on Capital Employed rose to 12.4% in Q1 2026 per SHOP's latest filing, from 10.7% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 12.4% in Q1 2026 and bottomed at 10.23% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 40.19% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | 9.52% |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 12.40% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 12.81% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 10.65% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 10.59% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -7.29% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -25.94% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 17.43% |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | -0.48% |
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% |