Non-Current Assets
Operating Lease ROU Assets
Shopify Operating Lease ROU Assets decreased by 4.5% to $84.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 20.0%, from $105.00M to $84.00M. Over 2 years (FY 2023 to FY 2025), Operating Lease ROU Assets shows a downward trend with a -5.2% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2023
Last reportedQ1 2026May 5, 2026
How to read this metric
Increases reflect expansion of leased operational footprint or equipment, while decreases indicate lease expirations or asset depreciation.
Detailed definition
This asset represents the company's right to use a leased item, such as real estate or equipment, over the lease term. I...
Peer comparison
Standard across all companies reporting under modern lease accounting standards; reflects operational scale.
Metric ID:
non_current_assets_operating_lease_right_of_use_assetHistorical Data
7 periods
| Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|
| Value | $98.00M | $93.00M | $105.00M | $97.00M | $94.00M | $88.00M | $84.00M |
| QoQ Change | — | -5.1% | +12.9% | -7.6% | -3.1% | -6.4% | -4.5% |
| YoY Change | — | -5.1% | — | — | — | -5.4% | -20.0% |
Range$84.00M – $105.00M
CAGR-9.8%
Avg YoY Growth-10.2%
Median YoY Growth-5.4%
Current Streak4 quarters decline
Operating Lease ROU Assets at Other Companies
Frequently Asked Questions
- What is Shopify's operating lease rou assets?
- Shopify (SHOP) reported operating lease rou assets of $84.00M in Q1 2026.
- How has Shopify's operating lease rou assets changed year-over-year?
- Shopify's operating lease rou assets decreased by 20.0% year-over-year, from $105.00M to $84.00M.
- What is the long-term trend for Shopify's operating lease rou assets?
- Over 2 years (2023 to 2025), Shopify's operating lease rou assets has grown at a -5.2% compound annual growth rate (CAGR), from $98.00M to $88.00M.
- What does operating lease rou assets mean?
- The recorded value of the right to use leased property or equipment over the life of the lease.