Shopify (SHOP) Leases (2019 - 2026)

Shopify has reported Leases for 8 years, with the latest figure at $84.0 million in Q1 2026.

• For the quarter ending Q1 2026, Leases fell 20.0% year-over-year to $84.0 million; the trailing twelve-month figure through Mar 2026 stood at $84.0 million (down 20.0% YoY), and the FY2025 full-year result was $88.0 million, down 5.38% from the prior year.
• Leases for Q1 2026 stood at $84.0 million, down from $88.0 million in the prior quarter.
• The five-year high for Leases was $268.2 million in Q3 2022, with the low at -$66.3 million in Q4 2022.
• Average Leases over 5 years is $102.1 million, with a median of $94.0 million recorded in 2025.
• Year-over-year, Leases slumped 142.56% in 2022 and jumped 536.59% in 2024.
• Tracing SHOP's Leases over 5 years: stood at -$66.3 million in 2022, then soared by 67.87% to -$21.3 million in 2023, then jumped by 536.59% to $93.0 million in 2024, then dropped by 5.38% to $88.0 million in 2025, then dropped by 4.55% to $84.0 million in 2026.
• The last three Leases figures came in at $84.0 million (Q1 2026), $88.0 million (Q4 2025), and $94.0 million (Q3 2025), per Business Quant data.

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