Latest period
$27.13M
YoY change
+36.8%
5Y CAGR
-9.1%
Peak year (2019)
$62.40M
Cumulative CapEx
$436.48M
CapEx history chart for Shopify (SHOP) from 2012 to 2025
Latest: $26.00M
CapEx growth chart for Shopify (SHOP) from 2012 to 2025
Latest: +36.8%
CapEx history table for Shopify (SHOP) from 2012 to 2025
| 2025 | $26.00M | +36.8% | +$7.00M | ||
| 2024 | $19.00M | -51.3% | −$20.00M | ||
| 2023 | $39.00M | -22.0% | −$11.00M | ||
| 2022 | $50.00M | -1.6% | −$788.00K | ||
| 2021 | $50.79M | +20.9% | +$8.79M | ||
| 2020 | $41.99M | -32.7% | −$20.40M | ||
| 2019 | $62.40M | +50.2% | +$20.85M | ||
| 2018 | $41.55M | +71.2% | +$17.28M | ||
| 2017 | $24.26M | -7.5% | −$1.97M | ||
| 2016 | $26.24M | +24.7% | +$5.20M | ||
| 2015 | $21.04M | -7.3% | −$1.66M | ||
| 2014 | $22.70M | +404.0% | +$18.20M | ||
| 2013 | $4.50M | +123.4% | +$2.49M | ||
| 2012 | $2.02M | — | — |
- 2025$26.00M+36.8%
- 2024$19.00M-51.3%
- 2023$39.00M-22.0%
- 2022$50.00M-1.6%
- 2021$50.79M+20.9%
- 2020$41.99M-32.7%
- 2019$62.40M+50.2%
- 2018$41.55M+71.2%
- 2017$24.26M-7.5%
- 2016$26.24M+24.7%
- 2015$21.04M-7.3%
- 2014$22.70M+404.0%
- 2013$4.50M+123.4%
- 2012$2.02M—
CapEx values are taken from Shopify's reported cash flow statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Shopify (SHOP)
According to Shopify's latest reported financial statements, the company's current CapEx (TTM) is $27.13M. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Shopify (SHOP) most recent annual CapEx stands at $26.00M (2025) – surged 36.8% year-over-year.
Across 2020–2025 (5 years), Shopify CapEx produced a CAGR of -9.1% – with a net decline across the window.
Shopify CapEx plunged from $62.40M in 2019 to $26.00M in 2025, a 58.3% drawdown.
The record annual CapEx stands at $62.40M, reached in 2019; the historical low of $2.02M was recorded in 2012.
Shopify Capital Expenditures by Year
Shopify Capital Expenditures 2025: $26.00M
Shopify CapEx in 2025 was $26.00M, surged 36.8% from 2024.
Shopify Capital Expenditures 2024: $19.00M
2024's CapEx for Shopify came in at $19.00M, plunged 51.3% below 2023.
Shopify Capital Expenditures 2023: $39.00M
Shopify posted CapEx of $39.00M in 2023, declined 22.0% below 2022.
Shopify Capital Expenditures 2022: $50.00M
In 2022, Shopify reported CapEx of $50.00M, edged down 1.6% below 2021.
Shopify Capital Expenditures 2021: $50.79M
Shopify CapEx in 2021 was $50.79M.
See more financial history for Shopify (SHOP).
Sector peers by CapEx
Technology peers of Shopify (SHOP), ranked by their latest CapEx
| $64.55B | |
| $41.45B | |
| $15.86B | |
| $12.71B | |
| $6.04B | |
| $1.76B | |
| $974.00M | |
| $623.00M |
- $64.55B
- $41.45B
- $15.86B
- $12.71B
- $6.04B
- $1.76B
- $974.00M
- $623.00M
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