Shopify (SHOP) Tax Provisions (2019 - 2026)
Shopify's quarterly Tax Provisions came in at -$53.0 million in Q1 2026, up 39.77% year-on-year from -$37.9 million in Q1 2025, and down 135.57% quarter-over-quarter from $149.0 million in Q4 2025.
Shopify has reported Tax Provisions for 8 years, with the latest figure at -$53.0 million in Q1 2026.
- For the quarter ending Q1 2026, Tax Provisions rose 39.77% year-over-year to -$53.0 million; the trailing twelve-month figure through Mar 2026 stood at $313.0 million (up 200.96% YoY), and the FY2025 full-year result was $278.0 million, up 33.01% from the prior year.
- Tax Provisions for Q1 2026 stood at -$53.0 million, down from $149.0 million in the prior quarter.
- The five-year high for Tax Provisions was $178.4 million in Q1 2022, with the low at -$88.0 million in Q1 2025.
- Average Tax Provisions over 5 years is $38.8 million, with a median of $17.0 million recorded in 2024.
- Peak annual rise in Tax Provisions reached 440.62% in 2025, while the deepest fall reached 617.65% in 2025.
- Tracing SHOP's Tax Provisions over 5 years: stood at -$6.7 million in 2022, then slumped by 49.39% to -$10.0 million in 2023, then soared by 1380.0% to $128.0 million in 2024, then gained by 16.41% to $149.0 million in 2025, then sank 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | - |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 663.00 Mn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 194.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -53.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 204.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 92.44 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 533.00 Mn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 422.00 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 983.00 Mn |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 6.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -53.00 Mn |
| Dec 31, 2025 | 149.00 Mn |
| Sep 30, 2025 | 44.00 Mn |
| Jun 30, 2025 | 173.00 Mn |
| Mar 31, 2025 | -88.00 Mn |
| Dec 31, 2024 | 128.00 Mn |
| Sep 30, 2024 | 32.00 Mn |
| Jun 30, 2024 | 32.00 Mn |
| Mar 31, 2024 | 17.00 Mn |
| Jun 30, 2023 | -10.00 Mn |
| Mar 31, 2023 | -8.00 Mn |
| Dec 31, 2022 | -6.69 Mn |
| Sep 30, 2022 | -978,368.21 |
| Jun 30, 2022 | -4.44 Mn |
| Mar 31, 2022 | 178.45 Mn |
| Dec 31, 2021 | 93.14 Mn |
| Sep 30, 2021 | -152.54 Mn |
| Jun 30, 2021 | -40.22 Mn |
| Mar 31, 2021 | -87.78 Mn |
| Dec 31, 2020 | 14.12 Mn |
| Sep 30, 2020 | 3.53 Mn |
| Jun 30, 2020 | 22.81 Mn |
| Mar 31, 2020 | 21.40 Mn |
| Dec 31, 2019 | 19.31 Mn |
| Sep 30, 2019 | -36.62 Mn |