Commerce.com (CMRC) Tax Rate (2025 - 2026)
Commerce.com's Tax Rate was 15.62% in Q2 2026, up 18.33 percentage points from -2.71% a year earlier and up 3.72 percentage points from the prior quarter.
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Analysis
Commerce.com (CMRC) Tax Rate (2025 - 2026) Analysis & Trends
On a trailing twelve-month basis, Commerce.com's Tax Rate was -24.04% through Jun 30, 2026, down 16.05 percentage points year-over-year; for FY2025, it came in at -6.42%, down 2.51 percentage points from FY2024.
- Tax Rate shows a five-year change of -6.35 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was -3.90% in FY2024, -0.36% in FY2022 (-0.40 pp) and 0.04% in FY2021 (+0.11 pp).
- The Q2 2026 figure marks the highest quarterly Tax Rate since Q1 2025.
- Compared with a year earlier, Tax Rate was higher in three of the last eight quarters, with an average year-over-year change of +0.82 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q1 2025 (a gain of 266.92 percentage points); the worst was Q1 2026 (a drop of 250.10 percentage points).
- Per Business Quant data, CMRC's Tax Rate in the three quarters before Q2 2026 was 11.90% (Q1 2026), -2.56% (Q4 2025) and -10.44% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 19.14% |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 15.50% |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 16.40% |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | - |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | 15.38% |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 25.63% |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | 23.83% |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | 24.31% |
| 10 | Commerce.com | 269.29 Mn | -325.29 Mn | 63.53 Mn | 15.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.62% |
| Mar 31, 2026 | 11.90% |
| Mar 31, 2025 | 262.00% |
API Access
Commerce.com 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=CMRC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CMRC", "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=CMRC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();