Non-Current Assets
PP&E (Net)
Shopify PP&E (Net) increased by 3.9% to $53.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.8%, from $47.00M to $53.00M. 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 reportedQ3 2015
Last reportedQ4 2025
How to read this metric
An increase indicates investment in future capacity or infrastructure, while a decrease suggests asset aging or a shift toward an asset-light model.
Detailed definition
The book value of long-term physical assets such as manufacturing facilities, data centers, and retail stores, net of ac...
Peer comparison
Varies significantly based on whether a company owns its manufacturing plants or outsources production to third-party partners.
Metric ID:
property_plant_equipment_netHistorical Data
6 periods
| Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|
| Value | $49.00M | $47.00M | $46.00M | $46.00M | $51.00M | $53.00M |
| QoQ Change | — | -4.1% | -2.1% | +0.0% | +10.9% | +3.9% |
| YoY Change | — | -4.1% | — | — | — | +12.8% |
Range$46.00M – $53.00M
CAGR+6.5%
Avg YoY Growth+4.3%
Median YoY Growth+4.3%
Current Streak3 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 $53.00M in Q4 2025.
- How has Shopify's pp&e (net) changed year-over-year?
- Shopify's pp&e (net) increased by 12.8% year-over-year, from $47.00M to $53.00M.
- 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 value of the company's physical buildings, machinery, and equipment after accounting for wear and tear.