Shopify (SHOP) Deferred Taxes (2024 - 2026)
Shopify (SHOP) reported Deferred Taxes of -$165 million for Q2 2026, compared with -$98 million a year earlier.
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Analysis
Shopify (SHOP) Deferred Taxes (2024 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Shopify's Deferred Taxes came in at -$43 million; for FY2025, it came in at $14 million.
- Deferred Taxes has a five-year compound annual growth rate of -20.8% (FY2020 to FY2025).
- By year, Deferred Taxes came in at -$78 million in FY2024, $1 million in FY2023 (-99.5%), $187 million in FY2022 and -$190.96 million in FY2021.
- The Q2 2026 figure ranks as the lowest quarterly Deferred Taxes in data going back to Q1 2024.
- Per Business Quant data, the three quarters before Q2 2026 came in at $139 million (Q1 2026), -$22 million (Q4 2025) and $5 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn | 20.62 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn | 1.45 Bn |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn | 81.26 Mn |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn | - |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn | 165.00 Mn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn | 665.00 Mn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - | 18.00 Mn |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn | 203.41 Mn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn | 25.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 165.00 Mn |
| Mar 31, 2026 | -139.00 Mn |
| Dec 31, 2025 | 22.00 Mn |
| Sep 30, 2025 | -5.00 Mn |
| Jun 30, 2025 | 98.00 Mn |
| Mar 31, 2025 | -129.00 Mn |
| Dec 31, 2024 | 72.00 Mn |
| Sep 30, 2024 | 3.00 Mn |
| Jun 30, 2024 | 2.00 Mn |
| Mar 31, 2024 | 1.00 Mn |
API Access
Shopify Deferred Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=deferred-taxes&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=deferred-taxes&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();