Operating Expenses
Lease Costs
Shopify Lease Costs remained flat by 0.0% to $9.50M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 7.3%, from $10.25M to $9.50M. Over 3 years (FY 2022 to FY 2025), Lease Costs shows a downward trend with a -6.8% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2022
Last reportedQ4 2025Feb 11, 2026
How to read this metric
Increasing lease costs may indicate expansion or a shift toward an asset-light strategy, while decreasing costs could signal consolidation or a shift toward asset ownership.
Detailed definition
This metric aggregates the total expenses incurred from leasing arrangements, including operating lease payments, variab...
Peer comparison
Standard across all sectors; peers report this under operating expenses, often broken down in lease-specific disclosures.
Metric ID:
wfc_lease_costsHistorical Data
4 years
| FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|
| Value | $47.00M | $48.00M | $41.00M | $38.00M |
| YoY Change | — | +2.1% | -14.6% | -7.3% |
Range$38.00M – $48.00M
CAGR-6.8%
Avg YoY Growth-6.6%
Median YoY Growth-7.3%
Current Streak2 years decline
Lease Costs at Other Companies
Frequently Asked Questions
- What is Shopify's lease costs?
- Shopify (SHOP) reported lease costs of $9.50M in Q4 2025.
- How has Shopify's lease costs changed year-over-year?
- Shopify's lease costs decreased by 7.3% year-over-year, from $10.25M to $9.50M.
- What is the long-term trend for Shopify's lease costs?
- Over 3 years (2022 to 2025), Shopify's lease costs has grown at a -6.8% compound annual growth rate (CAGR), from $47.00M to $38.00M.
- What does lease costs mean?
- The total expense recognized for renting or leasing assets.