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.

• On a quarterly basis, Deferred Taxes rose 7.75% year-over-year to $139.0 million in Q1 2026; TTM through Mar 2026 was $24.0 million, a 53.85% decrease from a year earlier, with the FY2025 full-year figure at $14.0 million, up 117.95% from the prior year.
• Deferred Taxes advanced to $139.0 million in Q1 2026 per SHOP's latest filing, from -$22.0 million in the prior quarter.
• Across five years, Deferred Taxes topped out at $139.0 million in Q1 2026 and bottomed at -$98.0 million in Q2 2025.
• The 3-year median for Deferred Taxes is -$2.0 million (2024), against an average of $8.3 million.
• Biggest YoY gain for Deferred Taxes was 13000.0% in 2025; the steepest drop was 4800.0% in 2025.
• Year by year, Deferred Taxes 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.
• Per Business Quant, the three latest SHOP Deferred Taxes figures stand at $139.0 million (Q1 2026), -$22.0 million (Q4 2025), and $5.0 million (Q3 2025).