Shopify (SHOP) Current Leases (2018 - 2026)
Shopify (SHOP) posted quarterly Current Leases of $16.0 million for Q1 2026, down 15.79% year-over-year from $19.0 million in Q1 2025, and down 5.88% quarter-over-quarter from $17.0 million in Q4 2025.
Shopify (SHOP) Current Leases (2018 - 2026) Analysis & Trends
Shopify's Current Leases history runs 9 years deep, the most recent figure standing at $16.0 million for Q1 2026.
- In Q1 2026, Current Leases fell 15.79% year-over-year to $16.0 million; the TTM figure through Mar 2026 stood at $16.0 million (down 15.79% YoY), while the FY2025 annual figure was $17.0 million, down 5.56% from the prior year.
- Current Leases for Q1 2026 stood at $16.0 million, down from $17.0 million in the prior quarter.
- The five-year high for Current Leases was $20.0 million in Q2 2025, with the low at $16.0 million in Q1 2026.
- The 5-year median for Current Leases is $18.0 million (2022), against an average of $18.0 million.
- The sharpest annual moves came in 2022 and 2026: Current Leases increased 14.3% in 2022, then retreated 15.79% in 2026.
- Shopify's Current Leases stood at $18.0 million in 2022, then dropped by 5.56% to $17.0 million in 2023, then advanced by 5.88% to $18.0 million in 2024, then dropped by 5.56% to $17.0 million in 2025, then slipped by 5.88% to $16.0 million in 2026.
- Business Quant data shows SHOP's Current Leases at $16.0 million in Q1 2026, $17.0 million in Q4 2025, and $19.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | - |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 10.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 557.00 Mn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 178.00 Mn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 114.00 Mn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 55.78 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | - |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 91.00 Mn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | - |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 44.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.00 Mn |
| Mar 31, 2026 | 16.00 Mn |
| Dec 31, 2025 | 17.00 Mn |
| Sep 30, 2025 | 19.00 Mn |
| Jun 30, 2025 | 20.00 Mn |
| Mar 31, 2025 | 19.00 Mn |
| Dec 31, 2024 | 18.00 Mn |
| Dec 31, 2023 | 17.00 Mn |
| Dec 31, 2022 | 18.00 Mn |
| Dec 31, 2021 | 15.75 Mn |
| Dec 31, 2020 | 10.05 Mn |
| Dec 31, 2019 | 9.07 Mn |
| Dec 31, 2018 | 2.55 Mn |