What is Shopify's sublease income?

Shopify (SHOP) reported sublease income of $1.75M in Q4 2025.

How has Shopify's sublease income changed year-over-year?

Shopify's sublease income increased by 16.7% year-over-year, from $1.50M to $1.75M.

What is the long-term trend for Shopify's sublease income?

Over 3 years (2022 to 2025), Shopify's sublease income has grown at a 32.6% compound annual growth rate (CAGR), from $3.00M to $7.00M.

What does sublease income mean?

Income earned by renting out unused leased space or assets to third parties.

Discontinued — last reported Q3 '19

Other Income & Expense

Sublease Income

Shopify Sublease Income remained flat by 0.0% to $1.75M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 16.7%, from $1.50M to $1.75M. Over 3 years (FY 2022 to FY 2025), Sublease Income shows an upward trend with a 32.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementIncome Statement

SectionOther Income & Expense

CategoryProfitability

SignalHigher is better

VolatilityModerate

First reportedQ1 2019

Last reportedQ3 2019

How to read this metric

Higher sublease income indicates effective management of excess capacity, reducing the net burden of fixed lease costs.

Detailed definition

Revenue generated by leasing out excess office space or equipment that the company currently holds under a primary lease...

Peer comparison

Commonly found in the 'other income' or 'operating expense' offsets for companies with large real estate footprints.

Metric ID: is_ms_sublease_income

Historical Data

4 years

	FY'22	FY'23	FY'24	FY'25
Value	$3.00M	$4.00M	$6.00M	$7.00M
YoY Change	—	+33.3%	+50.0%	+16.7%

Range$3.00M – $7.00M

CAGR+32.6%

Avg YoY Growth+33.3%

Median YoY Growth+33.3%

Current Streak3+ years growth

Frequently Asked Questions

What is Shopify's sublease income?: Shopify (SHOP) reported sublease income of $1.75M in Q4 2025.
How has Shopify's sublease income changed year-over-year?: Shopify's sublease income increased by 16.7% year-over-year, from $1.50M to $1.75M.
What is the long-term trend for Shopify's sublease income?: Over 3 years (2022 to 2025), Shopify's sublease income has grown at a 32.6% compound annual growth rate (CAGR), from $3.00M to $7.00M.
What does sublease income mean?: Income earned by renting out unused leased space or assets to third parties.