What is Shopify's total lease cost?

Shopify (SHOP) reported total lease cost of $9.50M in Q4 2025.

How has Shopify's total lease cost changed year-over-year?

Shopify's total lease cost decreased by 7.3% year-over-year, from $10.25M to $9.50M.

What is the long-term trend for Shopify's total lease cost?

Over 3 years (2022 to 2025), Shopify's total lease cost has grown at a -6.8% compound annual growth rate (CAGR), from $47.00M to $38.00M.

What does total lease cost mean?

The combined total of all lease-related expenses for the reporting period.

Discontinued — last reported Q4 '25

Operating Expenses

Total Lease Cost

Shopify Total Lease Cost remained flat by 0.0% to $9.50M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 7.3%, from $10.25M to $9.50M. Over 3 years (FY 2022 to FY 2025), Total Lease Cost shows a downward trend with a -6.8% 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 2019

Last reportedQ4 2025

How to read this metric

A steady or decreasing trend relative to revenue suggests effective management of operational overhead.

Detailed definition

This metric provides the sum of all lease-related expenses, including operating, finance, short-term, and variable lease...

Peer comparison

Equivalent to 'Total Lease Cost' disclosed in the notes to the financial statements for companies following modern lease accounting standards.

Metric ID: is_cvx_total_lease_cost

Historical Data

4 years

	FY'22	FY'23	FY'24	FY'25
Value	$47.00M	$48.00M	$41.00M	$38.00M
YoY Change	—	+2.1%	-14.6%	-7.3%

Range$38.00M – $48.00M

CAGR-6.8%

Avg YoY Growth-6.6%

Median YoY Growth-7.3%

Current Streak2 years decline

Frequently Asked Questions

What is Shopify's total lease cost?: Shopify (SHOP) reported total lease cost of $9.50M in Q4 2025.
How has Shopify's total lease cost changed year-over-year?: Shopify's total lease cost decreased by 7.3% year-over-year, from $10.25M to $9.50M.
What is the long-term trend for Shopify's total lease cost?: Over 3 years (2022 to 2025), Shopify's total lease cost has grown at a -6.8% compound annual growth rate (CAGR), from $47.00M to $38.00M.
What does total lease cost mean?: The combined total of all lease-related expenses for the reporting period.