Other
Depreciation
Shopify Depreciation remained flat by 0.0% to $4.50M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 18.2%, from $5.50M to $4.50M. Over 3 years (FY 2022 to FY 2025), Depreciation shows a downward trend with a -20.6% CAGR.
Analysis
StatementIncome Statement
SectionOther
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2022
Last reportedQ4 2025Feb 11, 2026
How to read this metric
High depreciation relative to revenue may indicate a capital-intensive business model or significant recent investment in infrastructure.
Detailed definition
The systematic allocation of the cost of tangible assets over their useful lives. This non-cash expense reflects the wea...
Peer comparison
Standard accounting metric across all capital-intensive industries.
Metric ID:
other_depreciationHistorical Data
4 years
| FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|
| Value | $36.00M | $28.00M | $22.00M | $18.00M |
| YoY Change | — | -22.2% | -21.4% | -18.2% |
Range$18.00M – $36.00M
CAGR-20.6%
Avg YoY Growth-20.6%
Median YoY Growth-21.4%
Current Streak3+ years decline
Depreciation at Other Companies
Frequently Asked Questions
- What is Shopify's depreciation?
- Shopify (SHOP) reported depreciation of $4.50M in Q4 2025.
- How has Shopify's depreciation changed year-over-year?
- Shopify's depreciation decreased by 18.2% year-over-year, from $5.50M to $4.50M.
- What is the long-term trend for Shopify's depreciation?
- Over 3 years (2022 to 2025), Shopify's depreciation has grown at a -20.6% compound annual growth rate (CAGR), from $36.00M to $18.00M.
- What does depreciation mean?
- The annual expense representing the aging and usage of physical assets.