Capital Expenditures for Shopify (SHOP)
According to Shopify's latest reported financial statements, the company's current capital expenditures (TTM) is $26.13M USD. 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 .
SHOP
Currently viewingCapital ExpendituresSwitch metric
Latest period
$26.13M
YoY change
+36.8%
5Y CAGR
-9.1%
Peak year (2019)
$62.40M
Cumulative capital expenditures
$431.48M
CapEx history chart for Shopify (SHOP) from 2012 to 2025
CapEx history table for Shopify (SHOP) from 2012 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Shopify (SHOP) most recent annual capital expenditures stands at $26.00M (2025) – surged 36.8% year-over-year.
Across 2020–2025 (5 years), Shopify capital expenditures produced a CAGR of -9.1% – with a net decline across the window.
Shopify capital expenditures plunged from $62.40M in 2019 to $26.00M in 2025, a 58.3% drawdown.
The dataset's maximum capital expenditures sits at $62.40M (2019); the minimum reading of $2.02M dates to 2012.
Among 8 Technology peers, Shopify (SHOP) ranks 9th; the peer median for capital expenditures is $9.38B.
Shopify Capital Expenditures by Year
Shopify Capital Expenditures 2025: $26.00M
Shopify capital expenditures in 2025 was $26.00M, surged 36.8% from 2024.
Shopify Capital Expenditures 2024: $19.00M
Shopify capital expenditures in 2024 was $19.00M, plunged 51.3% below 2023.
Shopify Capital Expenditures 2023: $39.00M
Shopify capital expenditures in 2023 was $39.00M, declined 22.0% below 2022.
Shopify Capital Expenditures 2022: $50.00M
Shopify capital expenditures in 2022 was $50.00M, edged down 1.6% below 2021.
Shopify Capital Expenditures 2021: $50.79M
Shopify capital expenditures in 2021 was $50.79M.
See more financial history for Shopify (SHOP).
Sector peers — CapEx
Companies in the same sector as Shopify, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.29T | Technology |
| Microsoft Corporation (MSFT) | $64.55B | Technology |
| Micron Technology, Inc. (MU) | $15.86B | Technology |
| Apple Inc. (AAPL) | $12.71B | Technology |
| NVIDIA Corporation (NVDA) | $6.04B | Technology |
| ASML Holding N.V. (ASML) | $1.51B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $974.00M | Technology |
| Broadcom Inc. (AVGO) | $623.00M | Technology |
Frequently asked questions
What is Shopify's capital expenditures?
- Latest reported capital expenditures for Shopify (SHOP) is $26.13M (period ending December 31, 2025).
How has Shopify capital expenditures changed year-over-year?
- Shopify (SHOP) capital expenditures changed +36.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Shopify capital expenditures?
- Shopify (SHOP) capital expenditures compound annual growth rate is -9.1% over the most recent 5 years available.
When did Shopify capital expenditures hit its highest annual value?
- Shopify capital expenditures reached its highest annual value of $62.40M in 2019.
What was Shopify capital expenditures in 2024?
- Shopify (SHOP) capital expenditures in 2024 was $19.00M.
What was Shopify capital expenditures in 2025?
- Shopify (SHOP) capital expenditures in 2025 was $26.00M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
SHOP Overview
Company profile, financial tools, and key metrics
SHOP Revenue Counter
Earns $366.44 every second. See per minute, hour, and day.
SHOP Earnings Counter
Earns $39.03 per second net profit. See per minute, hour, and day.
SHOP Economic Scale
Exceeds Malawi's GDP. Compare with world economies.
SHOP What If Invested
What if you had invested $1,000? See historical returns from any date.
SHOP How It Makes Money
Discover visual breakdown of $11.56B in revenue — where it comes from and where it goes.
SHOP Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
SHOP Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
SHOP Daily Price Character
Explosive · 52.5% historical win rate (green days). Streaks & record days.
SHOP Buybacks
See repurchase history & metrics. Shareholder yield & SBC comparison.
SHOP Stock Split History
1 split on record. Dates, ratios, and cumulative multiple.