The python page on time-complexity shows that slicing lists has a time-complexity of O(k), where "k" is the length of the slice. That's for lists, not strings, but the complexity can't be O(1) for strings since the slicing must handle more characters as the size is increased. At a guess, the complexity of slicing strings would also be O(k). We can write a little bit of code to test that guess:

import time

StartSize = 2097152

size = StartSize
for _ in range(10):
    # create string of size "size"
    s = '*' * size

    # now time reverse slice
    start = time.time()
    r = s[::-1]
    delta = time.time() - start

    print(f'Size {size:9d}, time={delta:.3f}')

    # double size of the string
    size *= 2

This uses a simple method of timing. Other tools exist, but this is simple. When run I get:

$ python3 test.py
Size   2097152, time=0.006
Size   4194304, time=0.013
Size   8388608, time=0.024
Size  16777216, time=0.050
Size  33554432, time=0.098
Size  67108864, time=0.190
Size 134217728, time=0.401
Size 268435456, time=0.808
Size 536870912, time=1.610
Size 1073741824, time=3.192

which shows the time doubles when doubling the size of the string for each reverse slice. So O(n) (k == n for whole-string slicing).

Edit: spelling.