Discontinued — last reported Q2 '16
Other
CapEx
Shopify CapEx increased by 66.7% to $10.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 150.0%, from $4.00M to $10.00M. Over 3 years (FY 2022 to FY 2025), CapEx shows a downward trend with a -19.6% CAGR.
Analysis
StatementIncome Statement
SectionOther
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2015
Last reportedQ2 2016
How to read this metric
High levels signal aggressive investment in future growth, while low levels may indicate a focus on cash preservation or asset-light strategy.
Detailed definition
Represents cash outflows for the acquisition or maintenance of long-term physical assets such as property, plants, and e...
Peer comparison
Standard metric for capital-intensive industries.
Metric ID:
is_anet_capital_expendituresHistorical Data
16 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $12.50M | $12.50M | $12.50M | $12.50M | $9.75M | $9.75M | $9.75M | $9.75M | $6.00M | $7.00M | $2.00M | $4.00M | $4.00M | $6.00M | $6.00M | $10.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -22.0% | +0.0% | +0.0% | +0.0% | -38.5% | +16.7% | -71.4% | +100.0% | +0.0% | +50.0% | +0.0% | +66.7% |
| YoY Change | — | — | — | — | -22.0% | -22.0% | -22.0% | -22.0% | -38.5% | -28.2% | -79.5% | -59.0% | -33.3% | -14.3% | +200.0% | +150.0% |
Range$2.00M – $12.50M
CAGR-5.8%
Avg YoY Growth+0.8%
Median YoY Growth-22.0%
Current Streak5 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Shopify's capex?
- Shopify (SHOP) reported capex of $10.00M in Q4 2025.
- How has Shopify's capex changed year-over-year?
- Shopify's capex increased by 150.0% year-over-year, from $4.00M to $10.00M.
- What is the long-term trend for Shopify's capex?
- Over 3 years (2022 to 2025), Shopify's capex has grown at a -19.6% compound annual growth rate (CAGR), from $50.00M to $26.00M.
- What does capex mean?
- Cash spent on purchasing or upgrading long-term physical assets.