Shopify (SHOP) Tax Rate (2019 - 2026)
Shopify's quarterly Tax Rate came in at 8.36% in Q1 2026, down 307.0% year-on-year from 4.04% in Q1 2025, and down 49.95% quarter-over-quarter from 16.7% in Q4 2025.
Shopify has reported Tax Rate for 8 years, with the latest figure at 8.36% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 307.0% year-over-year to 8.36%; the trailing twelve-month figure through Mar 2026 stood at 19.03% (up 1296.0% YoY), and the FY2025 full-year result was 18.42%, up 904.0% from the prior year.
- Tax Rate for Q1 2026 stood at 8.36%, down from 16.7% in the prior quarter.
- The five-year high for Tax Rate was 16.7% in Q4 2025, with the low at 10.8% in Q1 2022.
- Average Tax Rate over 5 years is 4.72%, with a median of 3.72% recorded in 2024.
- Year-over-year, Tax Rate surged 2550 bps in 2022 and tumbled 307 bps in 2026.
- Tracing SHOP's Tax Rate over 5 years: stood at 1.48% in 2022, then sank by 48 bps to 0.77% in 2023, then soared by 1072 bps to 9.01% in 2024, then surged by 85 bps to 16.7% in 2025, then sank by 50 bps to 8.36% in 2026.
- The last three Tax Rate figures came in at 8.36% (Q1 2026), 16.7% (Q4 2025), and 14.29% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | - |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 25.31 |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 39.11 |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 8.36 |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 30.31 |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 21.59 |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 22.01 |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 23.68 |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 24.29 |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 10.79 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.36 |
| Mar 31, 2026 | 8.36 |
| Dec 31, 2025 | 16.70 |
| Dec 31, 2025 | 16.70 |
| Sep 30, 2025 | 14.29 |
| Sep 30, 2025 | 14.29 |
| Jun 30, 2025 | 16.03 |
| Jun 30, 2025 | 16.03 |
| Mar 31, 2025 | 11.43 |
| Mar 31, 2025 | 11.43 |
| Dec 31, 2024 | 9.01 |
| Dec 31, 2024 | 9.01 |
| Sep 30, 2024 | 3.72 |
| Sep 30, 2024 | 3.72 |
| Jun 30, 2024 | 15.76 |
| Jun 30, 2024 | 15.76 |
| Mar 31, 2024 | -6.64 |
| Mar 31, 2024 | -6.64 |
| Jun 30, 2023 | 0.77 |
| Jun 30, 2023 | 0.77 |
| Mar 31, 2023 | -10.53 |
| Mar 31, 2023 | -10.53 |
| Dec 31, 2022 | 1.48 |
| Dec 31, 2022 | 1.48 |
| Sep 30, 2022 | 0.81 |
| Sep 30, 2022 | 0.81 |
| Jun 30, 2022 | 0.47 |
| Jun 30, 2022 | 0.47 |
| Mar 31, 2022 | -10.80 |
| Mar 31, 2022 | -10.80 |
| Dec 31, 2021 | -24.02 |
| Dec 31, 2021 | -24.02 |
| Sep 30, 2021 | -14.33 |
| Sep 30, 2021 | -14.33 |
| Jun 30, 2021 | -4.38 |
| Jun 30, 2021 | -4.38 |
| Mar 31, 2021 | -8.11 |
| Mar 31, 2021 | -8.11 |
| Dec 31, 2020 | 12.86 |
| Dec 31, 2020 | 12.86 |
| Sep 30, 2020 | 2.52 |
| Sep 30, 2020 | 2.52 |
| Jun 30, 2020 | 724.13 |
| Jun 30, 2020 | 724.13 |
| Mar 31, 2020 | -47.73 |
| Mar 31, 2020 | -47.73 |
| Dec 31, 2019 | -104.16 |
| Dec 31, 2019 | -104.16 |
| Sep 30, 2019 | 197.73 |
| Sep 30, 2019 | 197.73 |