Non-Current Assets
Accumulated Depreciation
Shopify Accumulated Depreciation increased by 4.0% to $78.00M in Q3 2025 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ3 2015
Last reportedQ4 2025
Parent metricPP&E (Net)
How to read this metric
A rising balance relative to gross assets suggests an aging infrastructure, potentially signaling a need for future capital expenditure to replace equipment.
Detailed definition
This is the cumulative amount of depreciation expense charged against the company's tangible assets since their acquisit...
Peer comparison
Commonly found in the balance sheet or notes for all companies with significant physical property, plant, and equipment.
Metric ID:
ppe_accumulated_depreciationHistorical Data
4 periods
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|
| Value | $69.00M | $72.00M | $75.00M | $78.00M |
| QoQ Change | — | +4.3% | +4.2% | +4.0% |
| % of PP&E (Net) | 146.8% | 156.5% | 163.0% | 152.9% |
| Share Change | — | +9.7pp | +6.5pp | -10.1pp |
Range$69.00M – $78.00M
Current Streak3+ quarters growth
Accumulated Depreciation at Other Companies
Frequently Asked Questions
- What is Shopify's accumulated depreciation?
- Shopify (SHOP) reported accumulated depreciation of $78.00M in Q3 2025.
- What does accumulated depreciation mean?
- The total amount of depreciation recorded against physical assets over time.