What is Shopify's total non-current assets?

Shopify (SHOP) reported total non-current assets of $6.89B in Q4 2025.

How has Shopify's total non-current assets changed year-over-year?

Shopify's total non-current assets increased by 3.3% year-over-year, from $6.67B to $6.89B.

What is the long-term trend for Shopify's total non-current assets?

Over 2 years (2023 to 2025), Shopify's total non-current assets has grown at a 17.1% compound annual growth rate (CAGR), from $5.02B to $6.89B.

What does total non-current assets mean?

The total value of all long-term investments and physical property that the company intends to keep for more than a year.

Non-Current Assets

Total Non-Current Assets

Shopify Total Non-Current Assets increased by 8.8% to $6.89B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.3%, from $6.67B to $6.89B. Over 2 years (FY 2023 to FY 2025), Total Non-Current Assets shows an upward trend with a 17.1% CAGR.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryCapital Allocation

SignalContext dependent

VolatilityStable

First reportedQ3 2017

Last reportedQ4 2025

How to read this metric

An increasing trend reflects long-term growth investments and the expansion of the company's permanent operational foundation.

Detailed definition

The aggregate value of all assets that are not expected to be realized in cash or consumed within the next year. This in...

Peer comparison

Growth-oriented technology firms often have significant non-current assets in the form of data centers and intellectual property.

Metric ID: total_noncurrent_assets

Historical Data

6 periods

	Q4 '23	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25
Value	$5.02B	$6.67B	$5.96B	$6.56B	$6.33B	$6.89B
QoQ Change	—	+32.8%	-10.7%	+10.2%	-3.4%	+8.8%
YoY Change	—	+32.8%	—	—	—	+3.3%

Range$5.02B – $6.89B

CAGR+28.8%

Avg YoY Growth+18.1%

Median YoY Growth+18.1%