Shopify Inc.
SHOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
$156.22−1.27 (-0.81%)
Close on Nov 2, 2026Market cap $201.00BP/E 94.7Yield –
Shopify Effective Income Tax Rate by Year
Effective Income Tax Rate (%) (%)
Shopify Effective Income Tax Rate: 18.4% in FY2025, up 9.0 pts from a year earlier.
Latest, FY2025
18.4%
Period ended Dec 31, 2025
Change on a year earlier
+9.0 pts
9.4% in FY2024
History
3 years
Since FY2023
Sources
1
Form 10-K (filed 2026-02-11)
Where the FY2025 figure comes from
Source: Form 10-K (filed 2026-02-11) ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Effective Income Tax Rate (%) (%) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 18.4% | +9.0 pts | Form 10-K (filed 2026-02-11) ↗ |
| FY2024 | Dec 31, 2024 | 9.4% | -19.2 pts | Form 10-K (filed 2026-02-11) ↗ |
| FY2023 | Dec 31, 2023 | 28.6% | – | Form 10-K (filed 2026-02-11) ↗ |
Cite this data
StockData. (2026). Shopify Effective Income Tax Rate (%), annual FY2023–FY2025 [Data set]. Compiled from Shopify SEC filings and investor materials. https://stockdatahq.com/stocks/shop/kpis/eff-tax-rate
See every metric in the Shopify KPI table. Data updated Oct 25, 2026.