Shopify annual capital expenditures (capex)
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2025
Shopify Capital Expenditures (CapEx) Growth & History (SHOP)
Shopify's capital expenditures (capex) was $26.0M for fiscal 2025.
View full Shopify company overviewShopify annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $26.0M | $7.0M | +36.84% |
| 2024 | 2024-12-31 | $19.0M | −$20.0M | −51.28% |
| 2023 | 2023-12-31 | $39.0M | −$11.0M | −22.00% |
| 2022 | 2022-12-31 | $50.0M | −$788,000 | −1.55% |
| 2021 | 2021-12-31 | $50.8M | $9.1M | +21.70% |
| 2020 | 2020-12-31 | $41.7M | −$15.0M | −26.47% |
| 2019 | 2019-12-31 | $56.8M | $28.8M | +103.07% |
| 2018 | 2018-12-31 | $27.9M | $7.9M | +39.45% |
| 2017 | 2017-12-31 | $20.0M | −$3.7M | −15.69% |
| 2016 | 2016-12-31 | $23.8M | $7.2M | +43.86% |
| 2015 | 2015-12-31 | $16.5M | −$4.0M | −19.68% |
| 2014 | 2014-12-31 | $20.6M | $17.1M | +494.25% |
| 2013 | 2013-12-31 | $3.5M | — | — |
Shopify quarterly capital expenditures (capex)
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $4.0M | −$2.0M | −33.33% |
| Q1 2026 | 2026-03-31 | $5.0M | $1.0M | +25.00% |
| Q4 2025 | 2025-12-31 | $10.0M | $6.0M | +150.00% |
| Q3 2025 | 2025-09-30 | $6.0M | $4.0M | +200.00% |
| Q2 2025 | 2025-06-30 | $6.0M | −$1.0M | −14.29% |
| Q1 2025 | 2025-03-31 | $4.0M | −$2.0M | −33.33% |
| Q4 2024 | 2024-12-31 | $4.0M | — | — |
| Q3 2024 | 2024-09-30 | $2.0M | — | — |
| Q2 2024 | 2024-06-30 | $7.0M | — | — |
| Q1 2024 | 2024-03-31 | $6.0M | — | — |
Shopify capital expenditures (capex) trends
Over the last five fiscal years, Shopify's capital expenditures (capex) decreased from $41.7M to $26.0M, a change of −$15.7M. The latest reported quarter, Q2 2026, shows $4.0M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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