Shopify (SHOP) Tax Provisions (2024 - 2026)
Shopify (SHOP) posted Tax Provisions of $273.0 million for Q2 2026, up 615.09% on a QoQ basis from -$53.0 million in Q1 2026, and up 57.8% year-over-year from $173.0 million in Q2 2025.
Analysis
Shopify (SHOP) Tax Provisions (2024 - 2026) Analysis & Trends
Shopify has reported Tax Provisions for 3 years, with the latest figure at $273.0 million in Q2 2026.
- On a quarterly basis, Tax Provisions rose 57.8% year-over-year to $273.0 million in Q2 2026; TTM through Jun 2026 was $413.0 million, a 68.57% increase from a year earlier, with the FY2025 full-year figure at $278.0 million, up 33.01% from the prior year.
- Tax Provisions was $273.0 million for Q2 2026 at Shopify, up from -$53.0 million in the prior quarter.
- The five-year high for Tax Provisions was $273.0 million in Q2 2026, with the low at -$88.0 million in Q1 2025.
- Average Tax Provisions over 3 years is $70.7 million, with a median of $38.0 million recorded in 2024.
- The largest YoY upside for Tax Provisions was 440.62% in 2025 against a maximum downside of 617.65% in 2025.
- Over 3 years, Tax Provisions stood at $128.0 million in 2024, then gained by 16.41% to $149.0 million in 2025, then jumped by 83.22% to $273.0 million in 2026.
- The last three Tax Provisions figures came in at $273.0 million (Q2 2026), -$53.0 million (Q1 2026), and $149.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Shopify | 187.92 Bn | 182.98 Bn | 1.71 Bn | 273.00 Mn |
| 2 | Global-E Online | 6.49 Bn | 6.13 Bn | 131.87 Mn | 1.67 Mn |
| 3 | Vtex | 624.51 Mn | 438.62 Mn | 51.71 Mn | -1.30 Mn |
| 4 | Rezolve Ai | 359.91 Mn | 248.80 Mn | - | - |
| 5 | Commerce.com | 212.95 Mn | 56.62 Mn | 63.53 Mn | 204,000.00 |
| 6 | Baozun | 154.04 Mn | -65.26 Mn | 302.56 Mn | -3.79 Mn |
| 7 | BeLive Holdings | 23.36 Mn | 16.74 Mn | - | - |
| 8 | Paid | 20.26 Mn | 19.18 Mn | 1.22 Mn | - |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - | - |
| 10 | My Size | 1.36 Mn | 650,132.45 | 973,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 273.00 Mn |
| 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 |