Shopify Inc. (SHOP) Tax Rate: 18.42%
Is Shopify Inc.’s tax rate high or low?
Shopify Inc.'s tax rate of 18.42% is 214% above its 5-year average of 5.87%, near the high end of its 5-year range (-32.93%–28.65%).
32.52% above its 12-month average of 13.90%.
SHOP Tax Rate Chart
SHOP Average Tax Rate Chart
SHOP Current vs Average Tax Rate Chart
SHOP Tax Rate Metrics
TAX RATE
18.42%
TAX RATE AVG TTM
13.90%
TAX RATE AVG 3Y
15.24%
TAX RATE AVG 5Y
5.87%
TAX RATE AVG 10Y
0.45%
TAX RATE AVG 15Y
0.35%
TAX RATE AVG 20Y
0.35%
CURRENT VS TTM AVG
+32.52%
CURRENT VS 3Y AVG
+20.89%
CURRENT VS 5Y AVG
+213.89%
CURRENT VS 10Y AVG
+4018.29%
CURRENT VS 15Y AVG
+5141.46%
CURRENT VS 20Y AVG
+5141.46%
Shopify Inc. Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Shopify Inc. Tax Rate FAQ
- What is the tax rate for Shopify Inc. (SHOP)?
- The tax rate for SHOP stock is 18.42%.
- Is Shopify Inc.'s tax rate high or low?
- Shopify Inc.'s tax rate of 18.42% is 214% above its 5-year average of 5.87%, near the high end of its 5-year range (-32.93%–28.65%).
- What is the TTM average tax rate for Shopify Inc. (SHOP)?
- The TTM average tax rate for SHOP stock is 13.90%.
- What is the 3Y average tax rate for Shopify Inc. (SHOP)?
- The 3Y average tax rate for SHOP stock is 15.24%.
- What is the 5Y average tax rate for Shopify Inc. (SHOP)?
- The 5Y average tax rate for SHOP stock is 5.87%.
- What is the 10Y average tax rate for Shopify Inc. (SHOP)?
- The 10Y average tax rate for SHOP stock is 0.45%.
- What is the 15Y average tax rate for Shopify Inc. (SHOP)?
- The 15Y average tax rate for SHOP stock is 0.35%.
- What is the 20Y average tax rate for Shopify Inc. (SHOP)?
- The 20Y average tax rate for SHOP stock is 0.35%.
Shopify Inc. Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 18.42% |
| 2024-12-31 | 9.38% |
| 2023-12-31 | 28.65% |
| 2022-12-31 | 4.50% |
| 2021-12-31 | 7.19% |
| 2020-12-31 | -32.93% |
| 2019-12-31 | -30.29% |
| 2018-12-31 | 0.00% |
| 2017-12-31 | 0.00% |
| 2016-12-31 | 0.00% |
| 2015-12-31 | 0.00% |
| 2014-12-31 | 0.00% |
| 2013-12-31 | 0.00% |
| 2012-12-31 | 0.00% |
Related Metrics
About Shopify Inc.
Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.
- Sector
- Technology
- Industry
- Software - Application
- CEO
- Tobias Lutke