Shake Shack (SHAK) Rent Expense (2014 - 2026)

Shake Shack (SHAK) has 13 years of Rent Expense data on file, last reported at $28.7 million in Q2 2026.

• Quarterly Rent Expense rose 16.33% year-over-year to $28.7 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $110.7 million (up 15.85% YoY) and the FY2025 annual result came in at $106.6 million, up 14.57% from the prior year.
• Rent Expense fell to $28.7 million in Q2 2026 per SHAK's latest filing, from $29.4 million in the prior quarter.
• Across five years, Rent Expense topped out at $29.4 million in Q4 2025 and bottomed at $16.3 million in Q1 2022.
• The 5-year median for Rent Expense is $22.2 million (2024), against an average of $22.2 million.
• Peak annual rise in Rent Expense reached 22.31% in 2025, while the deepest fall reached 10.19% in 2025.
• Tracing SHAK's Rent Expense over 5 years: stood at $18.2 million in 2022, then advanced by 16.03% to $21.2 million in 2023, then advanced by 13.63% to $24.0 million in 2024, then grew by 22.31% to $29.4 million in 2025, then decreased by 2.58% to $28.7 million in 2026.
• Per Business Quant, the three latest SHAK Rent Expense figures stand at $28.7 million (Q2 2026), $29.4 million (Q4 2025), and $27.0 million (Q3 2025).

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