SHOP Income Tax Expense History: $278.0M (FY2025)

Fiscal year	Q1	Q2	Q3	Q4
FY26	−$53M+39.8%	Not reported	Not reported	Not reported
FY25	−$88M−617.6%	$173M+440.6%	$44M+37.5%	$149M+16.4%
FY24	$17M	$32M	$32M	$128M

01—History

Income Tax Expense History

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

$278.0M

YoY changeLargest recent move+294.3%in FY24Latest +33.0%

4 older moves run past ±150% (largest +385.5%); point at, tap or drag across the bars to read one.

02—Ledger

Income Tax Expense, period by period

Period	Value	Change	Source
FY2025	$278.0M	+33.0%	10-K
FY2024	$209.0M	+294.3%	10-K
FY2023	$53.0M	+132.5%	10-K
FY2022	−$163.0M	−172.1%	10-K
FY2021	$225.9M	+385.5%	10-K
FY2020	−$79.1M	−372.7%	10-K
FY2019	$29.0M	—	10-K
FY2018	$0	—	10-K
FY2017	$0	—	10-K
FY2016	$0	—	10-K
FY2015	$0	—	10-K
FY2014	$0	—	10-K
FY2013	$0	—	10-K

03—Questions

What is income tax expense?

Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.

What is SHOPIFY INC.'s current income tax expense?

SHOPIFY INC. (SHOP) annual income tax expense for 2025 was $278.0M, a 33.01% increase from 2024. SHOPIFY INC. income tax expense for the quarter ending March 31, 2026 was $-53.0M.

What was SHOPIFY INC.'s income tax expense in 2024?

SHOPIFY INC. annual income tax expense for 2024 was $209.0M, a 294.34% increase from 2023.

What was SHOPIFY INC.'s income tax expense in 2023?

SHOPIFY INC. annual income tax expense for 2023 was $53.0M, a 132.52% increase from 2022.

Company: SHOPIFY INC.
Ticker: SHOP
Sector: Technology
Industry: Services-Prepackaged Software

SHOPIFY INC. Income Tax Expense 2013-2026 | SHOP

Key Statistics