What is Shopify's pre-tax income (foreign)?

Shopify (SHOP) reported pre-tax income (foreign) of $264.75M in Q4 2025.

How has Shopify's pre-tax income (foreign) changed year-over-year?

Shopify's pre-tax income (foreign) decreased by 37.4% year-over-year, from $422.75M to $264.75M.

What is the long-term trend for Shopify's pre-tax income (foreign)?

Over 2 years (2023 to 2025), Shopify's pre-tax income (foreign) has grown at a 59.9% compound annual growth rate (CAGR), from -$414.00M to $1.06B.

What does pre-tax income (foreign) mean?

Pre-tax profit generated from business operations outside the home country.

Income Before Tax

Pre-Tax Income (Foreign)

Shopify Pre-Tax Income (Foreign) remained flat by 0.0% to $264.75M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 37.4%, from $422.75M to $264.75M. Over 2 years (FY 2023 to FY 2025), Pre-Tax Income (Foreign) shows an upward trend with a 59.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementIncome Statement

SectionIncome Before Tax

CategoryProfitability

SignalHigher is better

VolatilityModerate

First reportedQ1 2013

Last reportedQ4 2025

How to read this metric

Growth indicates successful international expansion and global demand, while a decline may suggest geopolitical risks or competitive pressures in foreign markets.

Detailed definition

The portion of income from continuing operations generated outside the company's home country before the deduction of in...

Peer comparison

Standard for multinational industrial companies with significant global supply chains and service footprints.

Metric ID: is_msft_income_before_tax_foreign

Historical Data

3 years

	FY'23	FY'24	FY'25
Value	-$414.00M	$1.69B	$1.06B
YoY Change	—	+508.5%	-37.4%

Range-$414.00M – $1.69B

CAGR+59.9%

Avg YoY Growth+235.5%

Median YoY Growth+235.5%

Frequently Asked Questions

What is Shopify's pre-tax income (foreign)?: Shopify (SHOP) reported pre-tax income (foreign) of $264.75M in Q4 2025.
How has Shopify's pre-tax income (foreign) changed year-over-year?: Shopify's pre-tax income (foreign) decreased by 37.4% year-over-year, from $422.75M to $264.75M.
What is the long-term trend for Shopify's pre-tax income (foreign)?: Over 2 years (2023 to 2025), Shopify's pre-tax income (foreign) has grown at a 59.9% compound annual growth rate (CAGR), from -$414.00M to $1.06B.
What does pre-tax income (foreign) mean?: Pre-tax profit generated from business operations outside the home country.