APi (APG) Tax Rate (2019 - 2026)
APi's Tax Rate came in at 26.45% for Q3 2026, down 2.01 percentage points from 28.46% a year earlier and down 1.81 percentage points from the prior quarter.
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Analysis
APi (APG) Tax Rate (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, APi reported Tax Rate of 25.56%, up 0.70 percentage points year-over-year; for FY2025, it was 26.88%, up 2.63 percentage points from FY2024.
- Tax Rate carries a four-year change of -13.63 percentage points (FY2021 to FY2025).
- Going back by year, Tax Rate was 24.24% in FY2024 (-9.81 pp), 34.05% in FY2023 (+12.55 pp), 21.51% in FY2022 (-19.00 pp) and 40.51% in FY2021.
- The five-year range for quarterly Tax Rate is 14.10% (Q4 2024) to 54.55% (Q4 2021).
- Year-over-year, Tax Rate has declined for three consecutive quarters, with an average year-over-year change of -3.41 percentage points over the last eight quarters.
- The fastest year-over-year change in Tax Rate over five years came in Q4 2023 (a gain of 29.06 percentage points), and the weakest in Q4 2022 (a drop of 39.16 percentage points).
- Business Quant data shows APG's Tax Rate at 28.26% (Q2 2026), 19.72% (Q1 2026) and 24.81% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 154.83 Bn | 112.76 Bn | 5.98 Bn | 27.32% |
| 2 | Cintas | 91.35 Bn | 90.43 Bn | 1.55 Bn | 20.02% |
| 3 | Iron Mountain | 33.36 Bn | 32.55 Bn | 1.06 Bn | 30.57% |
| 4 | APi | 18.59 Bn | 15.81 Bn | 770.00 Mn | 26.45% |
| 5 | Rollins | 18.51 Bn | 18.05 Bn | 582.90 Mn | 25.73% |
| 6 | UL Solutions | 16.47 Bn | 14.50 Bn | 423.00 Mn | 26.88% |
| 7 | Aramark | 14.06 Bn | 12.00 Bn | 430.34 Mn | 27.92% |
| 8 | Rentokil Initial | 12.08 Bn | 5.60 Bn | - | - |
| 9 | Gartner | 12.05 Bn | 5.53 Bn | 1.07 Bn | 16.15% |
| 10 | Booz Allen Hamilton Holding | 10.33 Bn | 7.85 Bn | 1.45 Bn | 9.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.45% |
| Jun 30, 2026 | 28.26% |
| Mar 31, 2026 | 19.72% |
| Dec 31, 2025 | 24.81% |
| Sep 30, 2025 | 28.46% |
| Jun 30, 2025 | 28.70% |
| Mar 31, 2025 | 23.91% |
| Dec 31, 2024 | 14.10% |
| Sep 30, 2024 | 31.00% |
| Jun 30, 2024 | 22.47% |
| Mar 31, 2024 | 28.57% |
| Dec 31, 2023 | 44.44% |
| Sep 30, 2023 | 27.03% |
| Jun 30, 2023 | 36.00% |
| Mar 31, 2023 | 31.58% |
| Dec 31, 2022 | 15.38% |
| Sep 30, 2022 | 39.13% |
| Jun 30, 2022 | 31.82% |
| Dec 31, 2021 | 54.55% |
| Sep 30, 2021 | 36.67% |
API Access
APi 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=APG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "APG", "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=APG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();