Shopify (SHOP) Non-Current Deferred Tax Liability (2017 - 2025)

Shopify (SHOP) recorded quarterly Non-Current Deferred Tax Liability of $55.0 million in Q4 2025, up 89.66% quarter-over-quarter from $29.0 million in Q3 2025, and down 87.75% on a YoY basis from $449.0 million in Q4 2024.

Shopify (SHOP) Non-Current Deferred Tax Liability (2017 - 2025) Analysis & Trends

Shopify's Non-Current Deferred Tax Liability history runs 8 years deep, the most recent figure standing at $55.0 million for Q4 2025.

  • In Q4 2025, Non-Current Deferred Tax Liability fell 87.75% year-over-year to $55.0 million; the TTM figure through Dec 2025 stood at $55.0 million (down 87.75% YoY), while the FY2025 annual figure was $55.0 million, down 87.75% from the prior year.
  • Non-Current Deferred Tax Liability was $55.0 million for Q4 2025 at Shopify, up from $29.0 million in the prior quarter.
  • In the past five years, Non-Current Deferred Tax Liability ranged from a high of $449.0 million in Q4 2024 to a low of $5.0 million in Q1 2025.
  • Historically, Non-Current Deferred Tax Liability has averaged $125.9 million across 5 years, with a median of $45.5 million in 2025.
  • The sharpest annual moves came in 2023 and 2024: Non-Current Deferred Tax Liability tumbled 97.54% in 2023, then soared 7383.33% in 2024.
  • A 5-year view of Non-Current Deferred Tax Liability shows it stood at $183.4 million in 2021, then surged by 33.02% to $244.0 million in 2022, then sank by 97.54% to $6.0 million in 2023, then jumped by 7383.33% to $449.0 million in 2024, then sank by 87.75% to $55.0 million in 2025.
  • The last three Non-Current Deferred Tax Liability figures came in at $55.0 million (Q4 2025), $29.0 million (Q3 2025), and $36.0 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn
10 Snowflake 82.57 Bn 79.61 Bn 926.45 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 55.00 Mn
Dec 31, 2025 55.00 Mn
Sep 30, 2025 29.00 Mn
Sep 30, 2025 29.00 Mn
Jun 30, 2025 36.00 Mn
Jun 30, 2025 36.00 Mn
Mar 31, 2025 5.00 Mn
Mar 31, 2025 5.00 Mn
Dec 31, 2024 449.00 Mn
Dec 31, 2024 449.00 Mn
Dec 31, 2023 6.00 Mn
Dec 31, 2023 6.00 Mn
Dec 31, 2022 244.00 Mn
Dec 31, 2022 244.00 Mn
Dec 31, 2021 183.43 Mn
Dec 31, 2021 183.43 Mn
Dec 31, 2019 8.75 Mn
Dec 31, 2019 8.75 Mn
Dec 31, 2018 1.13 Mn
Dec 31, 2018 1.13 Mn