Cadence Design Systems (CDNS) Tax Rate (2009 - 2026)
Cadence Design Systems' (CDNS) quarterly Tax Rate came in at 28.06% in Q2 2026, down 1491.0% YoY from 2.02% in Q2 2025, and up 29.93% on a QoQ basis from 21.59% in Q1 2026.
Cadence Design Systems (CDNS) Tax Rate (2009 - 2026) Analysis & Trends
Cadence Design Systems (CDNS) has 18 years of Tax Rate data on file, last reported at 28.06% in Q2 2026.
- Quarterly Tax Rate fell 1491.0% year-over-year to 28.06% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 24.46% (down 359.0% YoY) and the FY2025 annual result came in at 27.14%, up 276.0% from the prior year.
- Tax Rate advanced to 28.06% in Q2 2026, from 21.59% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 42.96% in Q2 2025 to a low of 14.19% in Q4 2022.
- A 5-year average of 22.06% and a median of 24.07% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate sank 2749 bps — and 2023, when it surged 2473 bps.
- Tracing CDNS's Tax Rate over 5 years: stood at 14.19% in 2022, then surged by 174 bps to 10.54% in 2023, then surged by 110 bps to 22.09% in 2024, then slipped by 4 bps to 21.26% in 2025, then surged by 32 bps to 28.06% in 2026.
- The last three Tax Rate figures came in at 28.06% (Q2 2026), 21.59% (Q1 2026), and 21.26% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -27.76% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 15.38% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 22.57% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 25.63% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 31.96% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 0.37% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 22.20% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 23.50% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 24.29% |
| 10 | Cadence Design Systems | 89.45 Bn | 88.01 Bn | 1.41 Bn | 28.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 28.06% |
| Jun 30, 2026 | 28.06% |
| Jun 30, 2026 | 28.06% |
| Mar 31, 2026 | 21.59% |
| Mar 31, 2026 | 21.59% |
| Mar 31, 2026 | 21.59% |
| Dec 31, 2025 | 21.26% |
| Dec 31, 2025 | 21.26% |
| Dec 31, 2025 | 21.26% |
| Sep 30, 2025 | 26.90% |
| Sep 30, 2025 | 26.90% |
| Sep 30, 2025 | 26.90% |
| Jun 30, 2025 | 42.96% |
| Jun 30, 2025 | 42.96% |
| Jun 30, 2025 | 42.96% |
| Mar 31, 2025 | 23.09% |
| Mar 31, 2025 | 23.09% |
| Mar 31, 2025 | 23.09% |
| Dec 31, 2024 | 22.09% |
| Dec 31, 2024 | 22.09% |