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SHOPIFY INC. Goodwill 2014-2026 | SHOP

Annual FY2014–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$491.0M

+8.6%YoY vs FY2024Source: 10-KFY2025

From $2.4M in FY2014 to $491.0M in FY2025: 206.9× in 11 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$491M0.0%Not reportedNot reportedNot reported
FY25$491M$491M$491M$491M+8.6%
FY24Not reportedNot reportedNot reported$452M+5.9%
FY23Not reportedNot reportedNot reported$427M−76.7%
FY22Not reportedNot reportedNot reported$1.8B+414.3%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date.

Key Statistics

Trend DirectionGrowing
CAGR

+9.5%

FY2020
$311.9M
FY2025
$491.0M

5 years selected · on the chart

Goodwill History

Year-over-year comparison from 10-K annual reports

  1. $491.0M
YoY changeLargest recent move+720.3%in FY19Latest +8.6%

3 older moves run past ±150% (largest +720.3%); point at, tap or drag across the bars to read one.

Goodwill, period by period

PeriodValueChangeSource
FY2025$491.0M+8.6%10-K
FY2024$452.0M+5.9%10-K
FY2023$427.0M−76.7%10-K
FY2022$1.84B+414.3%10-K
FY2021$357.0M+14.5%10-K
FY2020$311.9M0.0%flat10-K
FY2019$311.9M+720.3%10-K
FY2018$38.0M+87.1%10-K
FY2017$20.3M+31.0%10-K
FY2016$15.5M+553.4%10-K
FY2015$2.4M0.0%flat10-K
FY2014$2.4M—10-K

What is goodwill?

Goodwill represents the premium paid above fair market value in business acquisitions, reflecting intangible value such as brand recognition and customer relationships.

What is SHOPIFY INC.'s current goodwill?

SHOPIFY INC. (SHOP) annual goodwill for 2025 was $491.0M, a 8.63% increase from 2024. SHOPIFY INC. goodwill for the quarter ending March 31, 2026 was $491.0M.

What was SHOPIFY INC.'s goodwill in 2024?

SHOPIFY INC. annual goodwill for 2024 was $452.0M, a 5.85% increase from 2023.

What was SHOPIFY INC.'s goodwill in 2023?

SHOPIFY INC. annual goodwill for 2023 was $427.0M, a 76.74% decline from 2022.

What is SHOPIFY INC.'s 5-year goodwill CAGR?

SHOPIFY INC. goodwill grew at a compound annual growth rate (CAGR) of 9.50% from FY2020 to FY2025, going from $311.9M to $491.0M over 5 years.

Company
SHOPIFY INC.
Ticker
SHOP
Sector
Technology
Industry
Services-Prepackaged Software