Cadence Design Systems (CDNS) Tax Rate (2009 - 2026)
Cadence Design Systems posted quarterly Tax Rate of 21.59% for Q1 2026, down 149.0% year-on-year from 44.07% in Q1 2025, and up 1.55% on a QoQ basis from 21.26% in Q4 2025.
Cadence Design Systems (CDNS) has 18 years of Tax Rate data on file, last reported at 21.59% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 149.0% year-over-year to 21.59%; the trailing twelve-month figure through Mar 2026 stood at 26.56% (up 158.0% YoY), and the FY2025 full-year result was 27.14%, up 276.0% from the prior year.
- Tax Rate for Q1 2026 stood at 21.59%, 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.
- The 5-year median for Tax Rate is 23.58% (2022), against an average of 21.73%.
- The widest annual swing landed in 2022, when Tax Rate tumbled 2749 bps; it then surged 2473 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 14.19% in 2022, then soared by 174 bps to 10.54% in 2023, then soared by 110 bps to 22.09% in 2024, then dropped by 4 bps to 21.26% in 2025, then grew by 2 bps to 21.59% in 2026.
- The last three Tax Rate figures came in at 21.59% (Q1 2026), 21.26% (Q4 2025), and 26.9% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | - |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 25.31 |
| 3 | Uber Technologies | 147.39 Bn | 146.35 Bn | 11.88 Bn | 39.11 |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 8.36 |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 30.31 |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 21.59 |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 22.01 |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 23.68 |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 24.29 |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 10.79 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.59 |
| Mar 31, 2026 | 21.59 |
| Dec 31, 2025 | 21.26 |
| Dec 31, 2025 | 21.26 |
| Sep 30, 2025 | 26.90 |
| Sep 30, 2025 | 26.90 |
| Jun 30, 2025 | 42.96 |
| Jun 30, 2025 | 42.96 |
| Mar 31, 2025 | 23.09 |
| Mar 31, 2025 | 23.09 |
| Dec 31, 2024 | 22.09 |
| Dec 31, 2024 | 22.09 |
| Sep 30, 2024 | 28.58 |
| Sep 30, 2024 | 28.58 |
| Jun 30, 2024 | 27.30 |
| Jun 30, 2024 | 27.30 |
| Mar 31, 2024 | 20.13 |
| Mar 31, 2024 | 20.13 |
| Dec 31, 2023 | 10.54 |
| Dec 31, 2023 | 10.54 |
| Sep 30, 2023 | 15.21 |
| Sep 30, 2023 | 15.21 |
| Jun 30, 2023 | 25.90 |
| Jun 30, 2023 | 25.90 |
| Mar 31, 2023 | 24.79 |
| Mar 31, 2023 | 24.79 |
| Dec 31, 2022 | -14.19 |
| Dec 31, 2022 | -14.19 |
| Oct 1, 2022 | 26.15 |
| Oct 1, 2022 | 26.15 |
| Jul 2, 2022 | 31.44 |
| Jul 2, 2022 | 31.44 |
| Apr 2, 2022 | 24.07 |
| Apr 2, 2022 | 24.07 |
| Jan 1, 2022 | 13.31 |
| Jan 1, 2022 | 13.31 |
| Oct 2, 2021 | 6.57 |
| Oct 2, 2021 | 6.57 |
| Jul 3, 2021 | 14.93 |
| Jul 3, 2021 | 14.93 |
| Apr 3, 2021 | 7.53 |
| Apr 3, 2021 | 7.53 |
| Sep 26, 2020 | 2.46 |
| Sep 26, 2020 | 2.46 |
| Jun 27, 2020 | 12.86 |
| Jun 27, 2020 | 12.86 |
| Mar 28, 2020 | 4.76 |
| Mar 28, 2020 | 4.76 |
| Dec 28, 2019 | -525.73 |
| Dec 28, 2019 | -525.73 |
| Sep 28, 2019 | 13.02 |
| Sep 28, 2019 | 13.02 |
| Jun 29, 2019 | 16.61 |
| Jun 29, 2019 | 16.61 |
| Mar 30, 2019 | 6.00 |
| Mar 30, 2019 | 6.00 |
| Dec 29, 2018 | 9.40 |
| Dec 29, 2018 | 9.40 |
| Sep 29, 2018 | 0.24 |
| Sep 29, 2018 | 0.24 |
| Jun 30, 2018 | 16.52 |
| Jun 30, 2018 | 16.52 |
| Mar 31, 2018 | 6.76 |
| Mar 31, 2018 | 6.76 |
| Dec 30, 2017 | 118.77 |
| Dec 30, 2017 | 118.77 |
| Sep 30, 2017 | 6.23 |
| Sep 30, 2017 | 6.23 |
| Jul 1, 2017 | 10.65 |
| Jul 1, 2017 | 10.65 |
| Apr 1, 2017 | 7.98 |
| Apr 1, 2017 | 7.98 |
| Dec 31, 2016 | 26.34 |
| Dec 31, 2016 | 26.34 |
| Oct 1, 2016 | -1.71 |
| Oct 1, 2016 | -1.71 |
| Jul 2, 2016 | 22.74 |
| Jul 2, 2016 | 22.74 |
| Apr 2, 2016 | 11.98 |
| Apr 2, 2016 | 11.98 |
| Jan 2, 2016 | -3.43 |
| Jan 2, 2016 | -3.43 |
| Oct 3, 2015 | -2.73 |
| Oct 3, 2015 | -2.73 |
| Jul 4, 2015 | 16.40 |
| Jul 4, 2015 | 16.40 |
| Apr 4, 2015 | 14.31 |
| Apr 4, 2015 | 14.31 |
| Sep 27, 2014 | 18.60 |
| Sep 27, 2014 | 18.60 |
| Jun 28, 2014 | 21.84 |
| Jun 28, 2014 | 21.84 |
| Mar 29, 2014 | 13.94 |
| Mar 29, 2014 | 13.94 |
| Dec 28, 2013 | -28.10 |
| Dec 28, 2013 | -28.10 |
| Sep 28, 2013 | 5.83 |
| Sep 28, 2013 | 5.83 |
| Jun 29, 2013 | 74.94 |
| Jun 29, 2013 | 74.94 |
| Mar 30, 2013 | -53.99 |
| Mar 30, 2013 | -53.99 |
| Dec 29, 2012 | -495.27 |
| Dec 29, 2012 | -495.27 |
| Sep 29, 2012 | -15.84 |
| Sep 29, 2012 | -15.84 |
| Jun 30, 2012 | 20.42 |
| Jun 30, 2012 | 20.42 |
| Mar 31, 2012 | 20.75 |
| Mar 31, 2012 | 20.75 |
| Dec 31, 2011 | 67.22 |
| Dec 31, 2011 | 67.22 |
| Oct 1, 2011 | 1.70 |
| Oct 1, 2011 | 1.70 |
| Jul 2, 2011 | -19.15 |
| Jul 2, 2011 | -19.15 |
| Apr 2, 2011 | 42.66 |
| Apr 2, 2011 | 42.66 |
| Jan 1, 2011 | -293.33 |
| Jan 1, 2011 | -293.33 |
| Oct 2, 2010 | 869.79 |
| Oct 2, 2010 | 869.79 |
| Jul 3, 2010 | 930.46 |
| Jul 3, 2010 | 930.46 |
| Apr 3, 2010 | -39.28 |
| Apr 3, 2010 | -39.28 |
| Oct 3, 2009 | 2.61 |
| Oct 3, 2009 | 2.61 |
| Jul 4, 2009 | -17.66 |
| Jul 4, 2009 | -17.66 |