Chegg (CHGG) Tax Rate (2014 - 2024)
Chegg (CHGG) posted Tax Rate of 118.59% for Q1 2024, up 52.95 percentage points from 65.64% a year earlier and up 72.98 percentage points from the prior quarter.
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Analysis
Chegg (CHGG) Tax Rate (2014 - 2024) Analysis & Trends
For the trailing twelve months through Mar 31, 2024, Tax Rate at Chegg was 71.84%; for FY2023, it came in at 63.87%.
- In prior years, Chegg's Tax Rate was 125.46% in FY2021.
- The Q1 2024 figure stands as the highest quarterly Tax Rate in data going back to Q4 2014.
- On a year-over-year basis, Tax Rate increased in five of the last six quarters, with an average year-over-year change of +25.75 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q1 2024, with a gain of 52.95 percentage points; the weakest was Q2 2022, with a drop of 5.56 percentage points.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 49.39 Bn | 21.63 Bn | 695.95 Mn | 21.77% |
| 3 | Samsara | 23.96 Bn | 20.73 Bn | 392.58 Mn | 7.42% |
| 4 | Ptc | 22.37 Bn | 21.18 Bn | 490.47 Mn | 22.08% |
| 5 | Toast | 20.05 Bn | 12.69 Bn | 543.00 Mn | 3.98% |
| 6 | Manhattan Associates | 14.85 Bn | 13.91 Bn | 174.30 Mn | 25.99% |
| 7 | Bentley Systems | 13.89 Bn | 13.37 Bn | 349.55 Mn | 22.07% |
| 8 | Trimble | 12.57 Bn | 11.65 Bn | 659.10 Mn | 51.28% |
| 9 | Costar | 12.28 Bn | 7.66 Bn | 741.00 Mn | 11.90% |
| 10 | Chegg | 67.51 Mn | -49.00 Mn | 24.24 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 118.59% |
| Dec 31, 2023 | 45.60% |
| Jun 30, 2023 | 44.48% |
| Mar 31, 2023 | 65.64% |
| Dec 31, 2022 | 13.33% |
| Jun 30, 2022 | 0.80% |
| Mar 31, 2022 | 42.34% |
| Dec 31, 2021 | 5.45% |
| Sep 30, 2021 | 10.10% |
| Jun 30, 2021 | 6.36% |
| Dec 31, 2020 | 8.85% |
| Jun 30, 2020 | 10.84% |
| Dec 31, 2019 | 8.89% |
| Dec 31, 2015 | 9.16% |
| Dec 31, 2014 | 38.46% |
API Access
Chegg 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=CHGG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CHGG", "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=CHGG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();