Shopify (SHOP) Income Taxes Paid (2024 - 2026)
Shopify's Income Taxes Paid was $70 million in Q3 2026, up 204.3% from $23 million a year earlier but down 52.7% from the prior quarter.
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Analysis
Shopify (SHOP) Income Taxes Paid (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, Shopify's Income Taxes Paid was $394 million through Sep 30, 2026, up 140.2% year-over-year; for FY2025, it was $194 million, up 67.2% from FY2024.
- Income Taxes Paid has now increased for three consecutive years, with a five-year compound annual growth rate of 22.8% (FY2020 to FY2025).
- In earlier years, Income Taxes Paid was $116 million in FY2024 (+132.0%), $50 million in FY2023 (+85.2%), $27 million in FY2022 and -$10.47 million in FY2021.
- Quarterly Income Taxes Paid has moved between $9 million (Q1 2024) and $148 million (Q2 2026) over five years.
- Compared with a year earlier, Income Taxes Paid has increased for seven straight quarters, with growth averaging 137.8% over the last seven quarters.
- Per Business Quant data, SHOP's Income Taxes Paid in the three quarters before Q3 2026 was $148 million (Q2 2026), $93 million (Q1 2026) and $83 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes Paid (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | - |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 927.00 Mn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | - |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | - |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 70.00 Mn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 166.00 Mn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 286.33 Mn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | -86.28 Mn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | - |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 70.00 Mn |
| Jun 30, 2026 | 148.00 Mn |
| Mar 31, 2026 | 93.00 Mn |
| Dec 31, 2025 | 83.00 Mn |
| Sep 30, 2025 | 23.00 Mn |
| Jun 30, 2025 | 61.00 Mn |
| Mar 31, 2025 | 27.00 Mn |
| Dec 31, 2024 | 53.00 Mn |
| Sep 30, 2024 | 14.00 Mn |
| Jun 30, 2024 | 40.00 Mn |
| Mar 31, 2024 | 9.00 Mn |
API Access
Shopify Income Taxes Paid 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=income-taxes-paid&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-taxes-paid", "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=income-taxes-paid&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();