Cadence Design Systems (CDNS) Tax Rate (2011 - 2026)
Cadence Design Systems (CDNS) reported Tax Rate of 28.06% for Q2 2026, down 14.91 percentage points from 42.96% a year earlier but up 6.46 percentage points from the prior quarter.
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Analysis
Cadence Design Systems (CDNS) Tax Rate (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Cadence Design Systems' Tax Rate came in at 24.46%, down 3.59 percentage points year-over-year; for FY2025, it came in at 27.14%, up 2.76 percentage points from FY2024.
- Tax Rate has a four-year change of +17.71 percentage points (FY2021 to FY2025).
- By year, Tax Rate came in at 24.38% in FY2024 (+5.60 pp), 18.78% in FY2023 (-0.01 pp), 18.79% in FY2022 (+9.36 pp) and 9.43% in FY2021.
- Five-year quarterly Tax Rate spans a low of -14.19% in Q4 2022 and a high of 42.96% in Q2 2025.
- Year over year, Tax Rate has now declined in each of the last four quarters, with an average year-over-year change of +3.08 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q4 2023 (a gain of 24.73 percentage points); the low point was Q4 2022 (a drop of 27.49 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 21.59% (Q1 2026), 21.26% (Q4 2025) and 26.90% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,258.66 Bn | 5,032.83 Bn | 72.14 Bn | 16.53% |
| 2 | Taiwan Semiconductor Manufacturing | 2,186.01 Bn | 1,810.88 Bn | 27.22 Bn | 18.05% |
| 3 | Broadcom | 1,641.55 Bn | 1,567.60 Bn | 20.46 Bn | 14.32% |
| 4 | Micron Technology | 1,047.64 Bn | 953.27 Bn | 47.05 Bn | 14.88% |
| 5 | Advanced Micro Devices | 917.54 Bn | 874.29 Bn | 6.20 Bn | 9.88% |
| 6 | Asml Holding | 643.92 Bn | 599.61 Bn | 5.90 Bn | - |
| 7 | Intel | 487.69 Bn | 356.82 Bn | 6.51 Bn | - |
| 8 | Lam Research | 348.49 Bn | 325.29 Bn | 3.48 Bn | 10.87% |
| 9 | Applied Materials | 342.16 Bn | 307.60 Bn | 4.59 Bn | 12.69% |
| 10 | Cadence Design Systems | 89.00 Bn | 80.40 Bn | 1.35 Bn | 28.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.06% |
| Mar 31, 2026 | 21.59% |
| Dec 31, 2025 | 21.26% |
| Sep 30, 2025 | 26.90% |
| Jun 30, 2025 | 42.96% |
| Mar 31, 2025 | 23.09% |
| Dec 31, 2024 | 22.09% |
| Sep 30, 2024 | 28.58% |
| Jun 30, 2024 | 27.30% |
| Mar 31, 2024 | 20.13% |
| Dec 31, 2023 | 10.54% |
| Sep 30, 2023 | 15.21% |
| Jun 30, 2023 | 25.90% |
| Mar 31, 2023 | 24.79% |
| Oct 1, 2022 | 26.15% |
| Jul 2, 2022 | 31.44% |
| Apr 2, 2022 | 24.07% |
| Jan 1, 2022 | 13.31% |
| Oct 2, 2021 | 6.57% |
| Jul 3, 2021 | 14.93% |
API Access
Cadence Design Systems 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=CDNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CDNS", "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=CDNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();