Shopify (SHOP) Tax Rate (2024 - 2026)
Shopify's Tax Rate came in at 15.38% for Q2 2026, down 0.65 percentage points from 16.03% a year earlier but up 7.02 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 Jun 30, 2026, Shopify reported Tax Rate of 17.64%, up 8.18 percentage points year-over-year; for FY2025, it came in at 18.42%, up 9.04 percentage points from FY2024.
- Tax Rate carries a five-year change of +51.35 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 9.38% in FY2024 (-19.27 pp), 28.65% in FY2023 (+24.15 pp), 4.50% in FY2022 (-2.69 pp) and 7.19% in FY2021 (+40.12 pp).
- The five-year range for quarterly Tax Rate is -6.64% (Q1 2024) to 16.70% (Q4 2025).
- Year-over-year, Tax Rate increased in four of the last six quarters, with an average year-over-year change of +5.48 percentage points.
- Business Quant data shows SHOP's Tax Rate at 8.36% (Q1 2026), 16.70% (Q4 2025) and 14.29% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn | 19.14% |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn | 15.50% |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn | 16.40% |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn | - |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn | 15.38% |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn | 25.63% |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - | 23.83% |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn | 24.31% |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn | 9.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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();