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Shopify (SHOP) Leases (2019 - 2025)

Shopify has reported Leases over the past 7 years, most recently at $88.0 million for Q4 2025.

  • Quarterly results put Leases at $88.0 million for Q4 2025, down 5.38% from a year ago — trailing twelve months through Dec 2025 was $88.0 million (down 5.38% YoY), and the annual figure for FY2025 was $88.0 million, down 5.38%.
  • Leases for Q4 2025 was $88.0 million at Shopify, down from $94.0 million in the prior quarter.
  • Over the last five years, Leases for SHOP hit a ceiling of $355.0 million in Q4 2022 and a floor of $88.0 million in Q4 2025.
  • Median Leases over the past 5 years was $97.5 million (2023), compared with a mean of $140.8 million.
  • Biggest five-year swings in Leases: soared 80.76% in 2022 and later crashed 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.
  • The last three reported values for Leases were $88.0 million (Q4 2025), $94.0 million (Q3 2025), and $97.0 million (Q2 2025) per Business Quant data.