Non-Current Liabilities
Operating Lease Liabilities
Shopify Operating Lease Liabilities decreased by 4.7% to $163M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 18.5%, from $200M to $163M. Over 2 years (FY 2023 to FY 2025), Operating Lease Liabilities shows a downward trend with a -11.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalLower is better
VolatilityStable
First reportedQ4 2023
Last reportedQ1 2026May 5, 2026
How to read this metric
An increase indicates long-term expansion of physical infrastructure, which may impact future cash flow flexibility.
Detailed definition
This represents the portion of operating lease obligations that are due beyond one year. It captures the long-term finan...
Peer comparison
Standardized across industries for companies with significant long-term lease commitments.
Metric ID:
operating_lease_liabilities_non_currentHistorical Data
7 periods
| Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|
| Value | $217M | $190M | $200M | $200M | $176M | $171M | $163M |
| QoQ Change | — | -12.4% | +5.3% | +0.0% | -12.0% | -2.8% | -4.7% |
| YoY Change | — | -12.4% | — | — | — | -10.0% | -18.5% |
Range$163M – $217M
CAGR-17.4%
Avg YoY Growth-13.6%
Median YoY Growth-12.4%
Current Streak3 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 $163M in Q1 2026.
- How has Shopify's operating lease liabilities changed year-over-year?
- Shopify's operating lease liabilities decreased by 18.5% year-over-year, from $200M to $163M.
- 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 $217M to $171M.
- What does operating lease liabilities mean?
- The portion of lease payments due after more than one year.