Shopify (SHOP) Tax Provisions (2024 - 2026)

Shopify's Tax Provisions history runs 3 years deep, the most recent figure standing at -$53.0 million for Q1 2026.

• In Q1 2026, Tax Provisions rose 39.77% year-over-year to -$53.0 million; the TTM figure through Mar 2026 stood at $313.0 million (up 200.96% YoY), while the FY2025 annual figure was $278.0 million, up 33.01% from the prior year.
• Tax Provisions was -$53.0 million for Q1 2026 at Shopify, down from $149.0 million in the prior quarter.
• In the past five years, Tax Provisions ranged from a high of $173.0 million in Q2 2025 to a low of -$88.0 million in Q1 2025.
• Historically, Tax Provisions has averaged $48.2 million across 3 years, with a median of $32.0 million in 2024.
• Biggest YoY gain for Tax Provisions was 440.62% in 2025; the steepest drop was 617.65% in 2025.
• A 3-year view of Tax Provisions shows it stood at $128.0 million in 2024, then rose by 16.41% to $149.0 million in 2025, then slumped by 135.57% to -$53.0 million in 2026.
• The last three Tax Provisions figures came in at -$53.0 million (Q1 2026), $149.0 million (Q4 2025), and $44.0 million (Q3 2025), per Business Quant data.