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.

• On a quarterly basis, Tax Provisions rose 39.77% year-over-year to -$53.0 million in Q1 2026; TTM through Mar 2026 was $313.0 million, a 200.96% increase from a year earlier, with the FY2025 full-year figure at $278.0 million, up 33.01% from the prior year.
• Tax Provisions retreated to -$53.0 million in Q1 2026 per SHOP's latest filing, from $149.0 million in the prior quarter.
• Across five years, Tax Provisions topped out at $173.0 million in Q2 2025 and bottomed at -$88.0 million in Q1 2025.
• The 3-year median for Tax Provisions is $32.0 million (2024), against an average of $48.2 million.
• Biggest YoY gain for Tax Provisions was 440.62% in 2025; the steepest drop was 617.65% in 2025.
• Year by year, Tax Provisions stood at $128.0 million in 2024, then rose by 16.41% to $149.0 million in 2025, then plunged by 135.57% to -$53.0 million in 2026.
• Per Business Quant, the three latest SHOP Tax Provisions figures stand at -$53.0 million (Q1 2026), $149.0 million (Q4 2025), and $44.0 million (Q3 2025).