What is Shopify's state & local tax (current)?

Shopify (SHOP) reported state & local tax (current) of $16.00M in Q4 2025.

How has Shopify's state & local tax (current) changed year-over-year?

Shopify's state & local tax (current) increased by 255.6% year-over-year, from $4.50M to $16.00M.

What does state & local tax (current) mean?

The amount of income tax currently owed to state and local governments for the period.

State & Local Tax (Current)

Shopify State & Local Tax (Current) remained flat by 0.0% to $16.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 255.6%, from $4.50M to $16.00M. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement

SectionTax

CategoryRisk

SignalLower is better

VolatilityStable

First reportedQ1 2013

Last reportedQ4 2025

How to read this metric

An increase may reflect expansion into higher-tax jurisdictions or changes in state-level tax policies.

Detailed definition

The portion of the total income tax provision that is currently payable to state and local government jurisdictions. Thi...

Peer comparison

Standard component of the total tax provision for companies with multi-state operations.

Metric ID: is_msft_current_state_and_local_tax_expense

Historical Data

3 years

	FY'23	FY'24	FY'25
Value	$0.00	$18.00M	$64.00M
YoY Change	—	—	+255.6%

Range$0.00 – $64.00M

Avg YoY Growth+255.6%

Median YoY Growth+255.6%

Frequently Asked Questions

What is Shopify's state & local tax (current)?: Shopify (SHOP) reported state & local tax (current) of $16.00M in Q4 2025.
How has Shopify's state & local tax (current) changed year-over-year?: Shopify's state & local tax (current) increased by 255.6% year-over-year, from $4.50M to $16.00M.
What does state & local tax (current) mean?: The amount of income tax currently owed to state and local governments for the period.