SHOP Deferred Income Tax History: $-14.0M (FY2025)

01—History

Year-over-year comparison from 10-K annual reports · Dashed line: constant growth FY2020–FY2025. Drag across the bars to change the range.

YoY changeLargest recent move+99.5%in FY23Latest −117.9%

3 older moves run past ±150% (largest +7900.0%); point at, tap or drag across the bars to read one.

02—Ledger

Period	Value	Change	Source
FY2025	−$14.0M	−117.9%	10-K
FY2024	$78.0M	+7900.0%	10-K
FY2023	−$1.0M	+99.5%	10-K
FY2022	−$187.0M	−197.9%	10-K
FY2021	$191.0M	+526.2%	10-K
FY2020	−$44.8M	−24.6%	10-K
FY2019	−$35.9M	—	10-K
FY2018	$0	—	10-K

03—Questions

Deferred income tax represents the difference between income tax expense recognized on the income statement and the actual tax liability paid.

SHOPIFY INC. (SHOP) annual deferred income tax for 2025 was $-14.0M, a 117.95% decline from 2024.

SHOPIFY INC. annual deferred income tax for 2024 was $78.0M, a 7900.00% increase from 2023.

SHOPIFY INC. annual deferred income tax for 2023 was $-1.0M, a 99.47% increase from 2022.

SHOPIFY INC. Deferred Income Tax 2018-2025 | SHOP