Shopify (SHOP) Deferred Taxes (2024 - 2026)

Shopify's Deferred Taxes history runs 3 years deep, the most recent figure standing at $139.0 million for Q1 2026.

• In Q1 2026, Deferred Taxes rose 7.75% year-over-year to $139.0 million; the TTM figure through Mar 2026 stood at $24.0 million (down 53.85% YoY), while the FY2025 annual figure was $14.0 million, up 117.95% from the prior year.
• Deferred Taxes was $139.0 million for Q1 2026 at Shopify, up from -$22.0 million in the prior quarter.
• In the past five years, Deferred Taxes ranged from a high of $139.0 million in Q1 2026 to a low of -$98.0 million in Q2 2025.
• Historically, Deferred Taxes has averaged $8.3 million across 3 years, with a median of -$2.0 million in 2024.
• Biggest YoY gain for Deferred Taxes was 13000.0% in 2025; the steepest drop was 4800.0% in 2025.
• A 3-year view of Deferred Taxes shows it stood at -$72.0 million in 2024, then jumped by 69.44% to -$22.0 million in 2025, then surged by 731.82% to $139.0 million in 2026.
• The last three Deferred Taxes figures came in at $139.0 million (Q1 2026), -$22.0 million (Q4 2025), and $5.0 million (Q3 2025), per Business Quant data.