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 renting, maintaining, and equipping physical office and branch locations.

Discontinued — last reported Q2 '13

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 2008

Last reportedQ2 2013

How to read this metric

An increase may indicate expansion of the physical footprint or rising real estate costs, while a decrease suggests branch consolidation or a shift toward digital-first operations.

Detailed definition

This metric represents the recurring costs associated with maintaining physical branch networks, corporate office space,...

Peer comparison

Standard across all large financial institutions; peers often track this as a component of noninterest expense to measure operational leverage.

Metric ID: is_occupancy_and_equipment

Historical Data

4 years

	FY'22	FY'23	FY'24	FY'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 renting, maintaining, and equipping physical office and branch locations.