Shopify (SHOP) Tax Rate (2024 - 2026)
Shopify's Tax Rate came in at 7.41% for Q3 2026, down 6.87 percentage points from 14.29% a year earlier and down 7.97 percentage points from the prior quarter.
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Analysis
Shopify (SHOP) Tax Rate (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Shopify reported Tax Rate of 16.03%, up 3.42 percentage points year-over-year; for FY2025, it came in at 18.42%, up 9.04 percentage points from FY2024.
- Tax Rate carries a four-year change of +11.23 percentage points (FY2021 to FY2025).
- Going back by year, Tax Rate was 9.38% in FY2024 (-19.27 pp), 28.65% in FY2023 and 7.19% in FY2021.
- The Q3 2026 figure represents the lowest quarterly Tax Rate since Q3 2024.
- Year-over-year, Tax Rate increased in three of the last five quarters, with an average year-over-year change of +2.20 percentage points.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 18.20% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 24.16% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 15.13% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | - |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 7.41% |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 28.54% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 17.49% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 26.52% |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 20.63% |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.41% |
| Jun 30, 2026 | 15.38% |
| Dec 31, 2025 | 16.70% |
| Sep 30, 2025 | 14.29% |
| Jun 30, 2025 | 16.03% |
| Dec 31, 2024 | 9.01% |
| Sep 30, 2024 | 3.72% |
| Jun 30, 2024 | 15.76% |
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();