Shopify (SHOP) Non-Current Deferred Tax Liability (2017 - 2025)
Shopify's (SHOP) quarterly Non-Current Deferred Tax Liability came in at $55.0 million in Q4 2025, down 87.75% year-on-year from $449.0 million in Q4 2024, and up 89.66% quarter-over-quarter from $29.0 million in Q3 2025.
Shopify (SHOP) Non-Current Deferred Tax Liability (2017 - 2025) Analysis & Trends
Shopify's Non-Current Deferred Tax Liability history runs 9 years deep, the most recent figure standing at $55.0 million for Q4 2025.
- On a quarterly basis, Non-Current Deferred Tax Liability fell 87.75% year-over-year to $55.0 million in Q4 2025; TTM through Dec 2025 was $55.0 million, a 87.75% decrease from a year earlier, with the FY2025 full-year figure at $55.0 million, down 87.75% from the prior year.
- Non-Current Deferred Tax Liability climbed to $55.0 million in Q4 2025 per SHOP's latest filing, from $29.0 million in the prior quarter.
- Across five years, Non-Current Deferred Tax Liability topped out at $449.0 million in Q4 2024 and bottomed at $5.0 million in Q1 2025.
- The 5-year median for Non-Current Deferred Tax Liability is $32.5 million (2025), against an average of $97.4 million.
- Across the five-year window, Non-Current Deferred Tax Liability tumbled 91.28% in 2022 and surged 7383.33% in 2024, its largest moves.
- Year by year, Non-Current Deferred Tax Liability stood at $183.4 million in 2021, then tumbled by 91.28% to $16.0 million in 2022, then sank by 62.5% to $6.0 million in 2023, then jumped by 7383.33% to $449.0 million in 2024, then tumbled by 87.75% to $55.0 million in 2025.
- Per Business Quant, the three latest SHOP Non-Current Deferred Tax Liability figures stand at $55.0 million (Q4 2025), $29.0 million (Q3 2025), and $36.0 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 16.00 Mn |
| Dec 31, 2022 | 16.00 Mn |
| Dec 31, 2021 | 183.43 Mn |
| Dec 31, 2021 | 183.43 Mn |
| Dec 31, 2020 | 81.17 Mn |
| Dec 31, 2020 | 81.17 Mn |
| Dec 31, 2019 | 37.34 Mn |
| Dec 31, 2019 | 37.34 Mn |