What is Shopify's federal tax (current)?

Shopify (SHOP) reported federal tax (current) of $8.75M in Q4 2025.

How has Shopify's federal tax (current) changed year-over-year?

Shopify's federal tax (current) increased by 150.0% year-over-year, from $3.50M to $8.75M.

What is the long-term trend for Shopify's federal tax (current)?

Over 2 years (2023 to 2025), Shopify's federal tax (current) has grown at a 491.6% compound annual growth rate (CAGR), from -$1.00M to $35.00M.

What does federal tax (current) mean?

The amount of income tax currently owed to the federal government for the period.

Tax

Federal Tax (Current)

Shopify Federal Tax (Current) remained flat by 0.0% to $8.75M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 150.0%, from $3.50M to $8.75M. Over 2 years (FY 2023 to FY 2025), Federal Tax (Current) shows an upward trend with a 491.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement

SectionTax

CategoryRisk

SignalLower is better

VolatilityModerate

First reportedQ1 2013

Last reportedQ4 2025

How to read this metric

Changes reflect fluctuations in taxable income or shifts in federal tax legislation affecting the company.

Detailed definition

The portion of the total income tax provision that is currently payable to the federal government based on the taxable i...

Peer comparison

Standard line item in corporate tax reconciliations for all U.S.-based public companies.

Metric ID: is_msft_current_federal_tax_expense

Historical Data

3 years

	FY'23	FY'24	FY'25
Value	-$1.00M	$14.00M	$35.00M
YoY Change	—	>999%	+150.0%

Range-$1.00M – $35.00M

CAGR+491.6%

Avg YoY Growth+825.0%

Median YoY Growth+825.0%

Current Streak2+ years growth

Frequently Asked Questions

What is Shopify's federal tax (current)?: Shopify (SHOP) reported federal tax (current) of $8.75M in Q4 2025.
How has Shopify's federal tax (current) changed year-over-year?: Shopify's federal tax (current) increased by 150.0% year-over-year, from $3.50M to $8.75M.
What is the long-term trend for Shopify's federal tax (current)?: Over 2 years (2023 to 2025), Shopify's federal tax (current) has grown at a 491.6% compound annual growth rate (CAGR), from -$1.00M to $35.00M.
What does federal tax (current) mean?: The amount of income tax currently owed to the federal government for the period.