Shopify (SHOP) Operating Leases (2018 - 2026)

Shopify's Operating Leases history runs 9 years deep, the most recent figure standing at $163.0 million for Q1 2026.

• On a quarterly basis, Operating Leases fell 18.5% year-over-year to $163.0 million in Q1 2026; TTM through Mar 2026 was $163.0 million, a 18.5% decrease from a year earlier, with the FY2025 full-year figure at $171.0 million, down 10.0% from the prior year.
• Operating Leases fell to $163.0 million in Q1 2026 per SHOP's latest filing, from $171.0 million in the prior quarter.
• Across five years, Operating Leases topped out at $465.0 million in Q4 2022 and bottomed at $163.0 million in Q1 2026.
• The 5-year median for Operating Leases is $195.0 million (2024), against an average of $222.8 million.
• Across the five-year window, Operating Leases surged 88.43% in 2022 and plunged 53.33% in 2023, its largest moves.
• Year by year, Operating Leases stood at $465.0 million in 2022, then plunged by 53.33% to $217.0 million in 2023, then decreased by 12.44% to $190.0 million in 2024, then fell by 10.0% to $171.0 million in 2025, then fell by 4.68% to $163.0 million in 2026.
• Per Business Quant, the three latest SHOP Operating Leases figures stand at $163.0 million (Q1 2026), $171.0 million (Q4 2025), and $176.0 million (Q3 2025).