Shopify SHOP Return on invested capital
Return on invested capital at other companies
Other financials
Where this comes from
Calculated from Shopify’s reported figures.
Based on trailing twelve months.
The official record: Shopify’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Shopify's return on invested capital?
- Shopify (SHOP) reported return on invested capital of 15.2% in Q1 2026.
- What does return on invested capital mean?
- The after-tax return the business earns on all the capital — debt and equity — invested in it.
- How do you interpret return on invested capital?
- The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
- How does return on invested capital compare across companies?
- Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.