Shopify (SHOP) Operating Leases (2018 - 2026)

Shopify has reported Operating Leases for 9 years, with the latest figure at $168.0 million in Q2 2026.

• On a quarterly basis, Operating Leases fell 16.0% year-over-year to $168.0 million in Q2 2026; TTM through Jun 2026 was $168.0 million, a 16.0% decrease from a year earlier, with the FY2025 full-year figure at $171.0 million, down 10.0% from the prior year.
• Operating Leases was $168.0 million for Q2 2026 at Shopify, up from $163.0 million in the prior quarter.
• The five-year high for Operating Leases was $465.0 million in Q4 2022, with the low at $163.0 million in Q1 2026.
• Average Operating Leases over 5 years is $216.7 million, with a median of $190.0 million recorded in 2024.
• The sharpest annual moves came in 2022 and 2023: Operating Leases jumped 88.43% in 2022, then tumbled 53.33% in 2023.
• Over 5 years, Operating Leases stood at $465.0 million in 2022, then sank by 53.33% to $217.0 million in 2023, then slipped by 12.44% to $190.0 million in 2024, then retreated by 10.0% to $171.0 million in 2025, then decreased by 1.75% to $168.0 million in 2026.
• The last three Operating Leases figures came in at $168.0 million (Q2 2026), $163.0 million (Q1 2026), and $171.0 million (Q4 2025), per Business Quant data.