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.

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.

Analysis

StatementIncome Statement

SectionTax

First reportedQ1 2023

Last reportedQ4 2025Feb 11, 2026

Metric ID: vz_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%

State & Local Tax (Current) at Other Companies

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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.