Operating Expenses

Occupancy and equipment

Shopify Occupancy and equipment remained flat by 0.0% to $5.75M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 43.8%, from $4.00M to $5.75M. Over 3 years (FY 2022 to FY 2025), Occupancy and equipment shows a downward trend with a -11.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2022
Last reportedQ4 2025Feb 11, 2026

How to read this metric

Increasing costs may signal expansion or rising real estate/maintenance expenses, while decreases may indicate efficiency gains or footprint consolidation.

Detailed definition

This includes the costs associated with leasing and maintaining facilities, office space, and operational equipment. It...

Peer comparison

Commonly categorized under 'General and Administrative' or 'Operating Expenses' in peer financial statements.

Metric ID: occupancy_and_equipment

Historical Data

4 years
 FY'22FY'23FY'24FY'25
Value$33.00M$31.00M$16.00M$23.00M
YoY Change-6.1%-48.4%+43.8%
Range$16.00M$33.00M
CAGR-11.3%
Avg YoY Growth-3.6%
Median YoY Growth-6.1%

Frequently Asked Questions

What is Shopify's occupancy and equipment?
Shopify (SHOP) reported occupancy and equipment of $5.75M in Q4 2025.
How has Shopify's occupancy and equipment changed year-over-year?
Shopify's occupancy and equipment increased by 43.8% year-over-year, from $4.00M to $5.75M.
What is the long-term trend for Shopify's occupancy and equipment?
Over 3 years (2022 to 2025), Shopify's occupancy and equipment has grown at a -11.3% compound annual growth rate (CAGR), from $33.00M to $23.00M.
What does occupancy and equipment mean?
The total cost of rent, facilities, and equipment maintenance.