Non-Current Liabilities
Operating Lease Liabilities
Shopify Operating Lease Liabilities decreased by 4.7% to $163.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 18.5%, from $200.00M to $163.00M. Over 2 years (FY 2023 to FY 2025), Operating Lease Liabilities shows a downward trend with a -11.2% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ4 2023
Last reportedQ1 2026May 5, 2026
How to read this metric
An increase reflects long-term expansion of the leased asset base, while a decrease indicates a reduction in long-term lease commitments.
Detailed definition
This represents the portion of operating lease obligations that are due beyond the next twelve months. It reflects the l...
Peer comparison
Standard long-term liability for companies with significant real estate or equipment footprints.
Metric ID:
operating_lease_liabilities_non_currentHistorical Data
7 periods
| Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|
| Value | $217.00M | $190.00M | $200.00M | $200.00M | $176.00M | $171.00M | $163.00M |
| QoQ Change | — | -12.4% | +5.3% | +0.0% | -12.0% | -2.8% | -4.7% |
| YoY Change | — | -12.4% | — | — | — | -10.0% | -18.5% |
Range$163.00M – $217.00M
CAGR-17.4%
Avg YoY Growth-13.6%
Median YoY Growth-12.4%
Current Streak3 quarters decline
Operating Lease Liabilities at Other Companies
Frequently Asked Questions
- What is Shopify's operating lease liabilities?
- Shopify (SHOP) reported operating lease liabilities of $163.00M in Q1 2026.
- How has Shopify's operating lease liabilities changed year-over-year?
- Shopify's operating lease liabilities decreased by 18.5% year-over-year, from $200.00M to $163.00M.
- What is the long-term trend for Shopify's operating lease liabilities?
- Over 2 years (2023 to 2025), Shopify's operating lease liabilities has grown at a -11.2% compound annual growth rate (CAGR), from $217.00M to $171.00M.
- What does operating lease liabilities mean?
- The amount of lease payments due after one year.