Shopify (SHOP) Tax Provisions (2024 - 2026)
Shopify (SHOP) posted quarterly Tax Provisions of -$53.0 million for Q1 2026, up 39.77% year-over-year from -$37.9 million in Q1 2025, and down 135.57% quarter-over-quarter from $149.0 million in Q4 2025.
Shopify (SHOP) Tax Provisions (2024 - 2026) Analysis & Trends
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 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 $173.0 million in Q2 2025, with the low 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.
- Peak annual rise in Tax Provisions reached 440.62% in 2025, while the deepest fall reached 617.65% in 2025.
- Shopify's Tax Provisions stood at $128.0 million in 2024, then increased by 16.41% to $149.0 million in 2025, then sank by 135.57% to -$53.0 million in 2026.
- Business Quant data shows SHOP's Tax Provisions at -$53.0 million in Q1 2026, $149.0 million in Q4 2025, and $44.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -1.86 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 273.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 614.00 Mn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 840.00 Mn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 140.00 Mn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -1.09 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 279.20 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 526.00 Mn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 983.00 Mn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 7.20 Mn |
Historic Data
Download 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 |