Cerence (CRNC) Tax Rate (2018 - 2026)
Cerence (CRNC) recorded Tax Rate of 0.97% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 245.84 percentage points from -244.87% a year earlier but down 156.86 percentage points from the prior quarter.
Cerence (CRNC) Tax Rate (2018 - 2026) Analysis & Trends
On a TTM basis, Cerence's Tax Rate came in at 166.25% as of Jun 30, 2026, up 174.94 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was -112.15%, down 111.56 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -132.66 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Tax Rate came in at -0.59% in FY2024 (+54.00 pp), -54.59% in FY2023 (+1.80 pp), -56.39% in FY2022 (-61.31 pp) and 4.92% in FY2021 (-15.58 pp).
- Quarterly Tax Rate has ranged from -244.87% in fiscal Q3 2025 to 3429.19% in fiscal Q4 2023 over the past five years.
- On a year-over-year basis, Tax Rate has increased for three consecutive quarters, with an average year-over-year change of -420.49 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 3428.05 percentage points in fiscal Q4 2023, against a drop of 3429.35 percentage points in fiscal Q4 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 157.82% (Q2 2026), 117.43% (Q1 2026) and -144.35% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 316.55 Bn | 301.63 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 269.03 Bn | 249.47 Bn | 1.10 Bn | - |
| 3 | Fortinet | 129.08 Bn | 115.01 Bn | 1.64 Bn | 15.97% |
| 4 | Snowflake | 116.42 Bn | 103.73 Bn | 1.04 Bn | - |
| 5 | Datadog | 96.40 Bn | 78.04 Bn | 881.34 Mn | 13.92% |
| 6 | Okta | 34.24 Bn | 24.34 Bn | 641.00 Mn | 7.94% |
| 7 | Axon Enterprise | 34.08 Bn | 28.61 Bn | 546.45 Mn | 9.97% |
| 8 | Zscaler | 32.34 Bn | 18.46 Bn | - | - |
| 9 | Baidu | 29.50 Bn | -44.13 Bn | 1.47 Mn | 31.08% |
| 10 | Cerence | 346.59 Mn | 340.61 Mn | 52.91 Mn | 0.97% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.97% |
| Dec 31, 2025 | 117.43% |
| Dec 31, 2023 | 59.01% |
| Sep 30, 2023 | 3,429.19% |
| Jun 30, 2022 | 946.53% |
| Mar 31, 2022 | 116.03% |
| Dec 31, 2021 | 1.55% |
| Jun 30, 2021 | 51.42% |
| Mar 31, 2021 | 35.77% |
| Sep 30, 2020 | 14.79% |
| Jun 30, 2019 | 43.11% |
| Dec 31, 2018 | 19.26% |
Cerence 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=CRNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CRNC", "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=CRNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();