Discontinued — last reported Q3 '19
Non-Current Liabilities
Operating Lease Liabilities
Shopify Operating Lease Liabilities decreased by 2.8% to $171.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 10.0%, from $190.00M to $171.00M. 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 reportedQ1 2019
Last reportedQ3 2019
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
6 periods
| Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|
| Value | $217.00M | $190.00M | $200.00M | $200.00M | $176.00M | $171.00M |
| QoQ Change | — | -12.4% | +5.3% | +0.0% | -12.0% | -2.8% |
| YoY Change | — | -12.4% | — | — | — | -10.0% |
Range$171.00M – $217.00M
CAGR-17.4%
Avg YoY Growth-11.2%
Median YoY Growth-11.2%
Current Streak2 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 $171.00M in Q4 2025.
- How has Shopify's operating lease liabilities changed year-over-year?
- Shopify's operating lease liabilities decreased by 10.0% year-over-year, from $190.00M to $171.00M.
- 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.