Codexis (CDXS) Tax Rate (2010 - 2026)
Codexis (CDXS) posted quarterly Tax Rate of 0.42% for Q1 2026, down 36.0% year-over-year from 0.65% in Q1 2025, and down 321.94% quarter-over-quarter from 0.19% in Q4 2025.
Codexis (CDXS) Tax Rate (2010 - 2026) Analysis & Trends
Codexis' Tax Rate history runs 17 years deep, the most recent figure standing at 0.42% for Q1 2026.
- In Q1 2026, Tax Rate fell 36.0% year-over-year to 0.42%; the TTM figure through Mar 2026 stood at 0.23% (down 18.0% YoY), while the FY2025 annual figure was 0.11%, down 5.0% from the prior year.
- Tax Rate for Q1 2026 stood at 0.42%, down from 0.19% in the prior quarter.
- The five-year high for Tax Rate was 0.19% in Q4 2025, with the low at 4.27% in Q2 2022.
- The 5-year median for Tax Rate is 0.08% (2025), against an average of 0.41%.
- The sharpest annual moves came in 2022 and 2023: Tax Rate tumbled 475 bps in 2022, then soared 419 bps in 2023.
- Codexis' Tax Rate stood at 1.21% in 2022, then soared by 60 bps to 0.49% in 2023, then surged by 94 bps to 0.03% in 2024, then jumped by 747 bps to 0.19% in 2025, then plunged by 322 bps to 0.42% in 2026.
- Business Quant data shows CDXS's Tax Rate at 0.42% in Q1 2026, 0.19% in Q4 2025, and 0.04% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 139.97 Bn | 132.12 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 86.64 Bn | 78.64 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 65.55 Bn | 60.37 Bn | 1.37 Bn | 10.91% |
| 4 | Moderna | 61.26 Bn | 56.12 Bn | 52.00 Mn | -1.96% |
| 5 | BeOne Medicines | 42.30 Bn | 37.20 Bn | 1.53 Bn | 24.15% |
| 6 | Alnylam Pharmaceuticals | 31.66 Bn | 28.35 Bn | 992.69 Mn | 7.49% |
| 7 | BioNTech SE | 28.68 Bn | 10.29 Bn | 668.28 Mn | 34.12% |
| 8 | Insmed | 27.54 Bn | 26.38 Bn | 358.27 Mn | -16.71% |
| 9 | Royalty Pharma | 27.26 Bn | 26.42 Bn | - | - |
| 10 | Codexis | 145.23 Mn | 90.31 Mn | 11.40 Mn | -0.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -0.08% |
| Jun 30, 2026 | -0.08% |
| Jun 30, 2026 | -0.08% |
| Mar 31, 2026 | -0.42% |
| Mar 31, 2026 | -0.42% |
| Mar 31, 2026 | -0.42% |
| Dec 31, 2025 | 0.19% |
| Dec 31, 2025 | 0.19% |
| Dec 31, 2025 | 0.19% |
| Sep 30, 2025 | -0.04% |
| Sep 30, 2025 | -0.04% |
| Sep 30, 2025 | -0.04% |
| Jun 30, 2025 | -0.08% |
| Jun 30, 2025 | -0.08% |
| Jun 30, 2025 | -0.08% |
| Mar 31, 2025 | -0.05% |
| Mar 31, 2025 | -0.05% |
| Mar 31, 2025 | -0.05% |
| Dec 31, 2024 | -0.03% |
| Dec 31, 2024 | -0.03% |