What is Shopify's lease, cost?

Shopify (SHOP) reported lease, cost of $9.5M in Q4 2025.

How has Shopify's lease, cost changed year-over-year?

Shopify's lease, cost decreased by 7.3% year-over-year, from $10.25M to $9.5M.

What is the long-term trend for Shopify's lease, cost?

Over 3 years (2022 to 2025), Shopify's lease, cost has grown at a -6.8% compound annual growth rate (CAGR), from $47M to $38M.

Shopify SHOP Lease, Cost

Lease, Cost at other companies

Kimberly-ClarkKMB

$4.5M+5.9%

Medline, Inc. MDLN

$35.25M+19.5%

RBC BearingsRBC

$1.75M0.0%

Kimberly-ClarkKMB

$429M+0.9%

InsmedINSM

$1.18M-4.6%

Cherry Hill Mortgage InvestmentCHMI

——

Other financials

Income statement

See full

Revenue$3.2B+34.3%

Gross profit$1.5B+32.3%

Operating income$382.0M+88.2%

Net income-$581.0M+14.8%

EPS (diluted)-$0.45+15.1%

Balance sheet

See full

Cash & equivalents$1.8B+41.2%

Total debt$179.0M-84.3%

Total equity$12.5B+13.1%

Total assets$14.1B+5.4%

Cash flow

See full

Operating cash flow$481.0M+31.1%

CapEx$5.0M+25.0%

Free cash flow$476.0M+31.1%

Valuation

See full

Market cap$141.25B+25.1%

Enterprise value$139.58B+23.9%

P/E106×+35.9×

P/S11.4×-0.6×

Profitability

See full

Gross margin48%-2.0pp

Operating margin13.3%+0.6pp

Net margin10.8%-6.4pp

Returns & leverage

See full

Return on equity11.3%-4.8pp

Debt / equity0×-0.1×

Current ratio6.2×+2.5×

Where this comes from

Reported directly by Shopify in its filing.

Tagged under the XBRL concept us-gaap:LeaseCost.

The official record: Shopify’s 10-K, filed February 11, 2026, on SEC EDGAR. View the filing →

Ask your AI about Shopify's lease, cost.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Shopify's lease, cost?: Shopify (SHOP) reported lease, cost of $9.5M in Q4 2025.
How has Shopify's lease, cost changed year-over-year?: Shopify's lease, cost decreased by 7.3% year-over-year, from $10.25M to $9.5M.
What is the long-term trend for Shopify's lease, cost?: Over 3 years (2022 to 2025), Shopify's lease, cost has grown at a -6.8% compound annual growth rate (CAGR), from $47M to $38M.