Shopify (SHOP) Deferred Taxes (2024 - 2026)
Shopify (SHOP) posted quarterly Deferred Taxes of $139.0 million for Q1 2026, up 7.75% year-over-year from $129.0 million in Q1 2025, and up 731.82% quarter-over-quarter from -$22.0 million in Q4 2025.
Shopify (SHOP) Deferred Taxes (2024 - 2026) Analysis & Trends
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 for Q1 2026 stood at $139.0 million, up from -$22.0 million in the prior quarter.
- The five-year high for Deferred Taxes was $139.0 million in Q1 2026, with the low 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.
- Peak annual rise in Deferred Taxes reached 13000.0% in 2025, while the deepest fall reached 4800.0% in 2025.
- Shopify's Deferred Taxes stood at -$72.0 million in 2024, then soared by 69.44% to -$22.0 million in 2025, then jumped by 731.82% to $139.0 million in 2026.
- Business Quant data shows SHOP's Deferred Taxes at $139.0 million in Q1 2026, -$22.0 million in Q4 2025, and $5.0 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 1.86 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | -165.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | - |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 665.00 Mn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | -36.00 Mn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -6.56 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -17.00 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 47.00 Mn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.01 Bn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | - |
Historic Data
Download 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 |