Shopify (SHOP) Tax Rate (2024 - 2026)
Shopify (SHOP) posted quarterly Tax Rate of 8.36% for Q1 2026, down 307.0% year-over-year from 4.04% in Q1 2025, and down 49.95% quarter-over-quarter from 16.7% in Q4 2025.
Shopify (SHOP) Tax Rate (2024 - 2026) Analysis & Trends
Shopify's Tax Rate history runs 3 years deep, the most recent figure standing at 8.36% for Q1 2026.
- In Q1 2026, Tax Rate fell 307.0% year-over-year to 8.36%; the TTM figure through Mar 2026 stood at 19.03% (up 1296.0% YoY), while the FY2025 annual figure 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 6.64% in Q1 2024.
- The 3-year median for Tax Rate is 11.43% (2025), against an average of 9.85%.
- The sharpest annual moves came in 2025 and 2026: Tax Rate jumped 1807 bps in 2025, then slumped 307 bps in 2026.
- Shopify's Tax Rate stood at 9.01% in 2024, then soared by 85 bps to 16.7% in 2025, then sank by 50 bps to 8.36% in 2026.
- Business Quant data shows SHOP's Tax Rate at 8.36% in Q1 2026, 16.7% in Q4 2025, and 14.29% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -27.76% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 15.38% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 22.57% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 25.63% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 31.96% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 0.37% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 22.20% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 23.50% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 24.29% |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 13.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 15.38% |
| Jun 30, 2026 | 15.38% |
| Jun 30, 2026 | 15.38% |
| Mar 31, 2026 | 8.36% |
| Mar 31, 2026 | 8.36% |
| Mar 31, 2026 | 8.36% |
| Dec 31, 2025 | 16.70% |
| Dec 31, 2025 | 16.70% |
| Dec 31, 2025 | 16.70% |
| Sep 30, 2025 | 14.29% |
| Sep 30, 2025 | 14.29% |
| Sep 30, 2025 | 14.29% |
| Jun 30, 2025 | 16.03% |
| Jun 30, 2025 | 16.03% |
| Jun 30, 2025 | 16.03% |
| Mar 31, 2025 | 11.43% |
| Mar 31, 2025 | 11.43% |
| Mar 31, 2025 | 11.43% |
| Dec 31, 2024 | 9.01% |
| Dec 31, 2024 | 9.01% |