Operating Expenses
Operating Lease Cost
Shopify Operating Lease Cost 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), Operating Lease Cost shows a downward trend with a -11.3% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
First reportedQ1 2022
Last reportedQ4 2025Feb 11, 2026
Metric ID:
ms_operating_lease_costHistorical 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%
Operating Lease Cost at Other Companies
Frequently Asked Questions
- What is Shopify's operating lease cost?
- Shopify (SHOP) reported operating lease cost of $5.75M in Q4 2025.
- How has Shopify's operating lease cost changed year-over-year?
- Shopify's operating lease cost increased by 43.8% year-over-year, from $4.00M to $5.75M.
- What is the long-term trend for Shopify's operating lease cost?
- Over 3 years (2022 to 2025), Shopify's operating lease cost has grown at a -11.3% compound annual growth rate (CAGR), from $33.00M to $23.00M.