Growth Metrics

Shopify (SHOP) Leases (2019 - 2026)

Shopify (SHOP) has disclosed Leases for 7 consecutive years, with $88.0 million as the latest value for Q4 2025.

  • For Q4 2025, Leases fell 5.38% year-over-year to $88.0 million; the TTM value through Dec 2025 reached $88.0 million, down 5.38%, while the annual FY2025 figure was $88.0 million, 5.38% down from the prior year.
  • Leases hit $88.0 million in Q4 2025 for Shopify, down from $94.0 million in the prior quarter.
  • Across five years, Leases topped out at $355.0 million in Q4 2022 and bottomed at $88.0 million in Q4 2025.
  • Average Leases over 5 years is $140.8 million, with a median of $97.5 million recorded in 2023.
  • Year-over-year, Leases surged 80.76% in 2022 and then tumbled 72.39% in 2023.
  • Shopify's Leases stood at $196.4 million in 2021, then soared by 80.76% to $355.0 million in 2022, then crashed by 72.39% to $98.0 million in 2023, then decreased by 5.1% to $93.0 million in 2024, then dropped by 5.38% to $88.0 million in 2025.
  • According to Business Quant data, Leases over the past three periods came in at $88.0 million, $94.0 million, and $97.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.