Shopify (SHOP) Tax Rate (2024 - 2026)
Shopify (SHOP) posted Tax Rate of 15.38% for Q2 2026, up 83.98% on a QoQ basis from 8.36% in Q1 2026, and down 65.0% year-over-year from 43.94% in Q2 2025.
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Analysis
Shopify (SHOP) Tax Rate (2024 - 2026) Analysis & Trends
Shopify has reported Tax Rate for 3 years, with the latest figure at 15.38% in Q2 2026.
- On a quarterly basis, Tax Rate fell 65.0% year-over-year to 15.38% in Q2 2026; TTM through Jun 2026 was 17.64%, a 818.0% increase from a year earlier, with the FY2025 full-year figure at 18.42%, up 904.0% from the prior year.
- Tax Rate was 15.38% for Q2 2026 at Shopify, up from 8.36% in the prior quarter.
- The five-year high for Tax Rate was 16.7% in Q4 2025, with the low at 6.64% in Q1 2024.
- Average Tax Rate over 3 years is 10.4%, with a median of 12.86% recorded in 2025.
- The sharpest annual moves came in 2025 and 2026: Tax Rate soared 1807 bps in 2025, then slumped 307 bps in 2026.
- Over 3 years, Tax Rate stood at 9.01% in 2024, then surged by 85 bps to 16.7% in 2025, then retreated by 8 bps to 15.38% in 2026.
- The last three Tax Rate figures came in at 15.38% (Q2 2026), 8.36% (Q1 2026), and 16.7% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn | 19.14% |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn | 15.50% |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn | 16.40% |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn | -32.69% |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn | 15.38% |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn | 25.63% |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - | 23.83% |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn | -14.82% |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn | 24.31% |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn | 15.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.38% |
| Mar 31, 2026 | 8.36% |
| Dec 31, 2025 | 16.70% |
| Sep 30, 2025 | 14.29% |
| Jun 30, 2025 | 16.03% |
| Mar 31, 2025 | 11.43% |
| Dec 31, 2024 | 9.01% |
| Sep 30, 2024 | 3.72% |
| Jun 30, 2024 | 15.76% |
| Mar 31, 2024 | -6.64% |
API Access
Shopify Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();