Tax
Income Tax
Shopify Income Tax decreased by 62.3% to $23.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 28.1%, from $32.00M to $23.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionTax
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
Metric ID:
is_income_tax_expenseHistorical Data
14 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$40.75M | -$40.75M | -$40.75M | -$40.75M | $13.25M | $13.25M | $13.25M | $13.25M | $17.00M | $32.00M | $32.00M | $27.00M | $61.00M | $23.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +132.5% | +0.0% | +0.0% | +0.0% | +28.3% | +88.2% | +0.0% | -15.6% | +125.9% | -62.3% |
| YoY Change | — | — | — | — | +132.5% | +132.5% | +132.5% | +132.5% | +28.3% | +141.5% | +141.5% | +58.8% | +90.6% | -28.1% |
Range-$40.75M – $61.00M
CAGR-16.1%
Avg YoY Growth+96.3%
Median YoY Growth+132.5%
Income Tax at Other Companies
Frequently Asked Questions
- What is Shopify's income tax?
- Shopify (SHOP) reported income tax of $23.00M in Q3 2025.
- How has Shopify's income tax changed year-over-year?
- Shopify's income tax decreased by 28.1% year-over-year, from $32.00M to $23.00M.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.