What is Shopify's deferred tax?

Shopify (SHOP) reported deferred tax of $5.00M in Q3 2025.

How has Shopify's deferred tax changed year-over-year?

Shopify's deferred tax increased by 266.7% year-over-year, from -$3.00M to $5.00M.

What is the long-term trend for Shopify's deferred tax?

Over 2 years (2022 to 2024), Shopify's deferred tax has grown at a -35.4% compound annual growth rate (CAGR), from $187.00M to -$78.00M.

What does deferred tax mean?

Tax expenses or savings that are recognized now but will be paid or realized in the future.

Discontinued — last reported Q3 '16

Tax

Deferred Tax

Shopify Deferred Tax increased by 105.1% to $5.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 266.7%, from -$3.00M to $5.00M. Over 2 years (FY 2022 to FY 2024), Deferred Tax shows a downward trend with a -35.4% CAGR.

Analysis

StatementIncome Statement

SectionTax

CategoryOther

SignalContext dependent

VolatilityModerate

First reportedQ1 2015

Last reportedQ3 2016

How to read this metric

Fluctuations reflect changes in timing differences, such as accelerated depreciation or changes in tax laws, rather than immediate cash tax payments.

Detailed definition

The portion of income tax expense that arises from temporary differences between the tax basis of assets and liabilities...

Peer comparison

Standard component of the income tax provision in GAAP financial reporting.

Metric ID: is_wmt_deferred_income_tax_expense_benefit

Historical Data

15 periods

	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25
Value	$46.75M	$46.75M	$46.75M	$46.75M	$250.00K	$250.00K	$250.00K	$250.00K	-$1.00M	-$2.00M	-$3.00M	-$72.00M	$129.00M	-$98.00M	$5.00M
QoQ Change	—	+0.0%	+0.0%	+0.0%	-99.5%	+0.0%	+0.0%	+0.0%	-500.0%	-100.0%	-50.0%	<-999%	+279.2%	-176.0%	+105.1%
YoY Change	—	—	—	—	-99.5%	-99.5%	-99.5%	-99.5%	-500.0%	-900.0%	<-999%	<-999%	>999%	<-999%	+266.7%

Range-$98.00M – $129.00M

CAGR-47.2%

Avg YoY Growth<-999%

Median YoY Growth-99.5%

Frequently Asked Questions

What is Shopify's deferred tax?: Shopify (SHOP) reported deferred tax of $5.00M in Q3 2025.
How has Shopify's deferred tax changed year-over-year?: Shopify's deferred tax increased by 266.7% year-over-year, from -$3.00M to $5.00M.
What is the long-term trend for Shopify's deferred tax?: Over 2 years (2022 to 2024), Shopify's deferred tax has grown at a -35.4% compound annual growth rate (CAGR), from $187.00M to -$78.00M.
What does deferred tax mean?: Tax expenses or savings that are recognized now but will be paid or realized in the future.