Non-Current Assets
PP&E (Net)
Shopify PP&E (Net) increased by 1.9% to $54.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.4%, from $46.00M to $54.00M. Over 2 years (FY 2023 to FY 2025), PP&E (Net) shows relatively stable performance with a 4.0% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2023
Last reportedQ1 2026May 5, 2026
How to read this metric
An increase indicates ongoing investment in physical capacity, whereas a decline may suggest aging assets or a strategy of asset-light operations.
Detailed definition
This metric represents the book value of tangible assets after subtracting accumulated depreciation from the total histo...
Peer comparison
Standard line item for all manufacturing and industrial companies; directly comparable across peers.
Metric ID:
property_plant_equipment_netHistorical Data
7 periods
| Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|
| Value | $49.00M | $47.00M | $46.00M | $46.00M | $51.00M | $53.00M | $54.00M |
| QoQ Change | — | -4.1% | -2.1% | +0.0% | +10.9% | +3.9% | +1.9% |
| YoY Change | — | -4.1% | — | — | — | +12.8% | +17.4% |
Range$46.00M – $54.00M
CAGR+6.7%
Avg YoY Growth+8.7%
Median YoY Growth+12.8%
Current Streak4 quarters growth
PP&E (Net) at Other Companies
Frequently Asked Questions
- What is Shopify's pp&e (net)?
- Shopify (SHOP) reported pp&e (net) of $54.00M in Q1 2026.
- How has Shopify's pp&e (net) changed year-over-year?
- Shopify's pp&e (net) increased by 17.4% year-over-year, from $46.00M to $54.00M.
- What is the long-term trend for Shopify's pp&e (net)?
- Over 2 years (2023 to 2025), Shopify's pp&e (net) has grown at a 4.0% compound annual growth rate (CAGR), from $49.00M to $53.00M.
- What does pp&e (net) mean?
- The current book value of physical assets after accounting for wear and tear.