What is Shopify's D&A?

Shopify (SHOP) reported D&A of $7M in Q1 2026.

How has Shopify's D&A changed year-over-year?

Shopify's D&A decreased by 12.5% year-over-year, from $8M to $7M.

What is the long-term trend for Shopify's D&A?

Over 3 years (2022 to 2025), Shopify's D&A has grown at a -30.7% compound annual growth rate (CAGR), from $93M to $31M.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

Shopify SHOP D&A

D&A at other companies

AdobeADBE

$193M-7.7%

eBayEBAY

$93M+78.8%

SalesforceCRM

$985M+16.8%

Global PaymentsGPN

$117.6M-4.3%

EtsyETSY

$15.32M-10.9%

BlockXYZ

$95.98M+7.9%

Other financials

Income statement

See full

Revenue$3.2B+34.3%

Gross profit$1.5B+32.2%

Operating income$382.0M+88.2%

Net income-$581.0M+14.8%

EPS (diluted)-$0.45+15.1%

Balance sheet

See full

Cash & equivalents$1.8B+41.2%

Total debt$179.0M-84.3%

Total equity$12.5B+13.1%

Total assets$14.1B+5.4%

Cash flow

See full

Operating cash flow$481.0M+31.1%

CapEx$5.0M+25.0%

Free cash flow$476.0M+31.1%

Valuation

See full

Market cap$151.64B+2.2%

Enterprise value$149.97B+1.3%

P/E113.9×+50.5×

P/S12.3×-2.6×

Profitability

See full

Gross margin48%-2.0pp

Operating margin13.3%+0.6pp

Net margin10.8%-6.4pp

FCF margin17.1%-1.3pp

Returns & leverage

See full

Return on equity11.3%-4.8pp

Debt / equity0×-0.1×

Current ratio6.2×+2.5×

Where this comes from

Reported directly by Shopify in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The official record: Shopify’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

Ask your AI about Shopify's d&a.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Shopify's D&A?: Shopify (SHOP) reported D&A of $7M in Q1 2026.
How has Shopify's D&A changed year-over-year?: Shopify's D&A decreased by 12.5% year-over-year, from $8M to $7M.
What is the long-term trend for Shopify's D&A?: Over 3 years (2022 to 2025), Shopify's D&A has grown at a -30.7% compound annual growth rate (CAGR), from $93M to $31M.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.