Advantage Solutions (ADV) Tax Rate (2019 - 2022)
Advantage Solutions (ADV) posted Tax Rate of 4.75% for Q3 2022, down 20.64 percentage points from 25.38% a year earlier and down 21.61 percentage points from the prior quarter.
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Analysis
Advantage Solutions (ADV) Tax Rate (2019 - 2022) Analysis & Trends
For the trailing twelve months through Sep 30, 2022, Tax Rate at Advantage Solutions was 28.27%; for FY2021, it was 36.87%.
- The Q3 2022 figure stands as the lowest quarterly Tax Rate in data going back to Q3 2019.
- On a year-over-year basis, Tax Rate has declined in each of the last three quarters, with an average year-over-year change of -35.68 percentage points over the last four quarters.
- According to Business Quant data, Tax Rate for the three prior quarters was 26.36% (Q2 2022), 34.04% (Q1 2022) and 37.81% (Q4 2021).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 156.49 Bn | 114.42 Bn | 5.98 Bn | 27.32% |
| 2 | Cintas | 89.36 Bn | 88.45 Bn | 1.55 Bn | 20.02% |
| 3 | Iron Mountain | 33.13 Bn | 32.33 Bn | 1.06 Bn | 30.57% |
| 4 | Rollins | 18.53 Bn | 18.08 Bn | 582.90 Mn | 25.73% |
| 5 | APi | 18.33 Bn | 15.55 Bn | 770.00 Mn | 26.45% |
| 6 | UL Solutions | 16.46 Bn | 14.45 Bn | 423.00 Mn | 26.88% |
| 7 | Aramark | 14.43 Bn | 12.37 Bn | 430.34 Mn | 27.92% |
| 8 | Gartner | 12.19 Bn | 5.67 Bn | 1.07 Bn | 16.15% |
| 9 | Rentokil Initial | 12.05 Bn | 5.56 Bn | - | - |
| 10 | Advantage Solutions | 430.38 Mn | -236.51 Mn | 129.13 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2022 | 4.75% |
| Jun 30, 2022 | 26.36% |
| Mar 31, 2022 | 34.04% |
| Dec 31, 2021 | 37.81% |
| Sep 30, 2021 | 25.38% |
| Jun 30, 2021 | 53.28% |
| Mar 31, 2021 | 145.61% |
| Sep 30, 2020 | 8.98% |
| Sep 30, 2019 | 22.92% |
API Access
Advantage Solutions Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=ADV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "ADV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=ADV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();