Cadence Design Systems (CDNS) Tax Rate (2009 - 2026)

Cadence Design Systems (CDNS) posted Tax Rate of 21.59% for Q1 2026, up 1.55% on a QoQ basis from 21.26% in Q4 2025, and down 149.0% year-over-year from 44.07% in Q1 2025.

Cadence Design Systems (CDNS) Tax Rate (2009 - 2026) Analysis & Trends

Cadence Design Systems' Tax Rate history runs 18 years deep, the most recent figure standing at 21.59% for Q1 2026.

  • Quarterly Tax Rate fell 149.0% year-over-year to 21.59% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 26.56% (up 158.0% YoY) and the FY2025 annual result came in at 27.14%, up 276.0% from the prior year.
  • Tax Rate was 21.59% for Q1 2026 at Cadence Design Systems, up from 21.26% in the prior quarter.
  • Across five years, Tax Rate topped out at 42.96% in Q2 2025 and bottomed at 14.19% in Q4 2022.
  • A 5-year average of 21.73% and a median of 23.58% in 2022 frame the typical range for Tax Rate.
  • Annual changes were most pronounced in 2022 — Tax Rate plunged 2749 bps — and 2023, when it surged 2473 bps.
  • Cadence Design Systems' Tax Rate stood at 14.19% in 2022, then jumped by 174 bps to 10.54% in 2023, then jumped by 110 bps to 22.09% in 2024, then declined by 4 bps to 21.26% in 2025, then increased by 2 bps to 21.59% in 2026.
  • Business Quant data shows CDNS's Tax Rate at 21.59% in Q1 2026, 21.26% in Q4 2025, and 26.9% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -29.13%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -18.42%
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 8.36%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 39.11%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 22.57%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 31.96%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 23.68%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 0.37%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 21.59%
10 Datadog 86.34 Bn 81.58 Bn 797.20 Mn 10.86%

Historic Data

Download Data
DateValue
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%
Dec 31, 2024 22.09%
Sep 30, 2024 28.58%
Sep 30, 2024 28.58%