Shopify (SHOP) Long-Term Deferred Tax (2020 - 2026)
Shopify (SHOP) recorded Long-Term Deferred Tax of $83 million in Q3 2026, up 186.2% from $29 million a year earlier and up 176.7% from the prior quarter.
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Analysis
Shopify (SHOP) Long-Term Deferred Tax (2020 - 2026) Analysis & Trends
At the end of FY2025, Shopify reported Long-Term Deferred Tax of $33 million, down 10.8% from FY2024.
- Annual Long-Term Deferred Tax has a five-year compound annual growth rate of -8.9% (FY2020 to FY2025).
- Across earlier years, Long-Term Deferred Tax came in at $37 million in FY2024 (-15.9%), $44 million in FY2023 (+7.3%), $41 million in FY2022 (-15.2%) and $48.37 million in FY2021 (-8.2%).
- Quarterly Long-Term Deferred Tax has ranged from $29 million in Q3 2025 to $117 million in Q1 2026 over the past five years.
- On a year-over-year basis, Long-Term Deferred Tax rose in two of the last five quarters, with growth averaging 35.1%.
- Peak year-over-year performance for Long-Term Deferred Tax in the last five years was growth of 186.2% in Q3 2026, against a decline of 15.9% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $30 million (Q2 2026), $117 million (Q1 2026) and $33 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 |
| 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 |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn |
| 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 | 83.00 Mn |
| Jun 30, 2026 | 30.00 Mn |
| Mar 31, 2026 | 117.00 Mn |
| Dec 31, 2025 | 33.00 Mn |
| Sep 30, 2025 | 29.00 Mn |
| Jun 30, 2025 | 31.00 Mn |
| Mar 31, 2025 | 98.00 Mn |
| Dec 31, 2024 | 37.00 Mn |
| Dec 31, 2023 | 44.00 Mn |
| Dec 31, 2022 | 41.00 Mn |
| Dec 31, 2021 | 48.37 Mn |
| Dec 31, 2020 | 52.68 Mn |
API Access
Shopify Long-Term Deferred Tax 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=long-term-deferred-tax&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "long-term-deferred-tax", "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=long-term-deferred-tax&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();