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Shopify (SHOP) capital expenditures by quarter

Shopify's capital expenditures were $2.0M in Q3 2026 (third quarter 2026), -50% from Q2 2026. Over the last 7 quarters it ranged from $2.0M (Q3 2026) to $10.0M (Q4 2025).

Shopify capital expenditures by quarterShopify capital expenditures by quarter$4.0MQ1 2025$6.0MQ2 2025$6.0MQ3 2025$10.0MQ4 2025$5.0MQ1 2026$4.0MQ2 2026$2.0MQ3 2026
QuarterCapital expendituresQ/QY/Y
Q3 2026$2.0M-50%-67%
Q2 2026$4.0M-20%-33%
Q1 2026$5.0M-50%+25%
Q4 2025$10.0M+67%—
Q3 2025$6.0M0%—
Q2 2025$6.0M+50%—
Q1 2025$4.0M——

Q3 2026 at a glance

Shopify, Q3 2026: revenue $3.7B (+32% year over year), operating margin 15.2%, net earnings $462M, operating cash flow $818M. The chart follows the revenue to costs, profit and cash.

Questions

What is Shopify's capital expenditures?

Shopify's capital expenditures were $2.0M in Q3 2026 (third quarter 2026), -50% from Q2 2026.

How has Shopify's capital expenditures changed?

Over the last 7 quarters it ranged from $2.0M (Q3 2026) to $10.0M (Q4 2025).

Q3 2026 results → · How Shopify makes money →