Company / Income Tax
SHOPIFY INC. Income Tax History
FY2022-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$278.0M
FY2025
5-year range
-$163.0M / $278.0M
FY2022-FY2025
Trend
+33.0%
vs FY2024
Sector context
#38 of 293
Information Technology
What the data says
SHOPIFY INC.'s income tax of $278M is higher than 87% of companies in the Information Technology sector (FY2025). Income Tax has increased for 3 consecutive years, from -$163M in FY2022 to $278M in FY2025.
Based on SEC 10-K filings.
$278M in FY2025. Top quartile in the Information Technology sector.
Increased from $53M to $278M over the past 2 years.
Information Technology sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 13% in Information TechnologyTop 87% of 293This company $278.0M Sector average $358.5M
▼
-22.5% below sector average
Key checks
Key Insights
- SHOPIFY INC.'s income tax has grown for 3 consecutive years.
- In FY2025, income tax increased 33.0% year-over-year.
- Ranks #38 out of 293 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 4.84 (safe zone, above 2.9 threshold)
- Strong profit margin: 22.7%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $278.0M | +33.0% |
| FY2024 | $209.0M | +294.3% |
| FY2023 | $53.0M | +132.5% |
| FY2022 | -$163.0M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026