Tax
Tax Reconciliation: Tax Credits
Shopify Tax Reconciliation: Tax Credits remained flat by 0.0% to $7.50M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 130.8%, from $3.25M to $7.50M. Over 3 years (FY 2022 to FY 2025), Tax Reconciliation: Tax Credits shows an upward trend with a 20.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionTax
CategoryEfficiency
SignalHigher is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ4 2025Feb 11, 2026
How to read this metric
Higher values indicate effective utilization of government tax incentives, which improves net income and cash flow.
Detailed definition
The total value of tax credits applied to reduce the company's income tax liability. These credits are direct reductions...
Peer comparison
Standard metric for companies utilizing investment or operational tax credits to optimize their tax profile.
Metric ID:
tmo_tax_reconciliation_tax_creditsHistorical Data
4 years
| FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|
| Value | $17.00M | $18.00M | $13.00M | $30.00M |
| YoY Change | — | +5.9% | -27.8% | +130.8% |
Range$13.00M – $30.00M
CAGR+20.8%
Avg YoY Growth+36.3%
Median YoY Growth+5.9%
Tax Reconciliation: Tax Credits at Other Companies
Frequently Asked Questions
- What is Shopify's tax reconciliation: tax credits?
- Shopify (SHOP) reported tax reconciliation: tax credits of $7.50M in Q4 2025.
- How has Shopify's tax reconciliation: tax credits changed year-over-year?
- Shopify's tax reconciliation: tax credits increased by 130.8% year-over-year, from $3.25M to $7.50M.
- What is the long-term trend for Shopify's tax reconciliation: tax credits?
- Over 3 years (2022 to 2025), Shopify's tax reconciliation: tax credits has grown at a 20.8% compound annual growth rate (CAGR), from $17.00M to $30.00M.
- What does tax reconciliation: tax credits mean?
- Tax credits that lower the total income tax expense.