Shopify Inc (SHOP) — Tangible Net Worth Ratio
Shopify Inc (SHOP) has a Tangible Net Worth Ratio of 99.8% as of June 2026. This metric is calculated by deducting intangible assets (CA$27.00 Million) from net assets (CA$12.68 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Shopify Inc annual equity growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Shopify Inc Tangible Net Worth Ratio (2013–2025)
This chart shows how Shopify Inc's Tangible Net Worth Ratio has changed across 13 annual periods from 2013 to 2025. As of June 2026, the ratio stands at 99.8%, reflecting net assets of CA$12.68 Billion with intangible assets of CA$27.00 Million CAD. For live market cap and overall valuation, see SHOP market cap overview.
Annual Tangible Net Worth Ratio for Shopify Inc (2013–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Shopify Inc from 2013 to 2025, covering 13 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore capital reinvestment ratio of Shopify Inc to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.8% | CA$13.45 Billion | CA$29.95 Million | CA$15.16 Billion | ▼ 0.0 pp |
| 2024 | 99.8% | CA$11.56 Billion | CA$22.00 Million | CA$13.92 Billion | ▲ +0.1 pp |
| 2023 | 99.7% | CA$9.07 Billion | CA$29.00 Million | CA$11.30 Billion | ▲ +4.4 pp |
| 2022 | 95.3% | CA$8.24 Billion | CA$390.15 Million | CA$10.76 Billion | ▼ -3.5 pp |
| 2021 | 98.8% | CA$11.13 Billion | CA$138.50 Million | CA$13.34 Billion | ▲ +0.9 pp |
| 2020 | 97.9% | CA$6.40 Billion | CA$135.68 Million | CA$7.76 Billion | ▲ +3.4 pp |
| 2019 | 94.5% | CA$3.02 Billion | CA$167.28 Million | CA$3.49 Billion | ▼ -4.3 pp |
| 2018 | 98.8% | CA$2.09 Billion | CA$26.07 Million | CA$2.25 Billion | ▲ +0.5 pp |
| 2017 | 98.3% | CA$1.00 Billion | CA$17.21 Million | CA$1.11 Billion | ▼ -0.2 pp |
| 2016 | 98.4% | CA$410.48 Million | CA$6.44 Million | CA$490.56 Million | ▲ +1.4 pp |
| 2015 | 97.0% | CA$195.32 Million | CA$5.83 Million | CA$243.71 Million | ▲ +1.0 pp |
| 2014 | 96.0% | CA$67.73 Million | CA$2.71 Million | CA$95.19 Million | ▼ -2.9 pp |
| 2013 | 98.9% | CA$85.38 Million | CA$926.00K | CA$95.79 Million | — |