Danaher (DHR) Tax Rate (2009 - 2026)

Danaher (DHR) recorded quarterly Tax Rate of 16.68% in Q1 2026, up 20.54% quarter-over-quarter from 13.84% in Q4 2025, and up 118.0% on a YoY basis from 7.65% in Q1 2025.

Danaher (DHR) Tax Rate (2009 - 2026) Analysis & Trends

Danaher's Tax Rate history runs 18 years deep, the most recent figure standing at 16.68% for Q1 2026.

  • In Q1 2026, Tax Rate rose 118.0% year-over-year to 16.68%; the TTM figure through Mar 2026 stood at 15.3% (down 110.0% YoY), while the FY2025 annual figure was 14.95%, down 112.0% from the prior year.
  • Tax Rate was 16.68% for Q1 2026 at Danaher, up from 13.84% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 19.44% in Q2 2023 to a low of 29.04% in Q4 2022.
  • Historically, Tax Rate has averaged 13.68% across 5 years, with a median of 16.27% in 2024.
  • The sharpest annual moves came in 2022 and 2023: Tax Rate slumped 4006 bps in 2022, then soared 3805 bps in 2023.
  • A 5-year view of Tax Rate shows it stood at 29.04% in 2022, then jumped by 131 bps to 9.01% in 2023, then jumped by 93 bps to 17.41% in 2024, then retreated by 21 bps to 13.84% in 2025, then rose by 21 bps to 16.68% in 2026.
  • The last three Tax Rate figures came in at 16.68% (Q1 2026), 13.84% (Q4 2025), and 15.61% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn 18.18%
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 4.04%
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 16.68%
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 21.66%
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 16.91%
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn 17.99%
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn -0.35%
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 14.65%
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 19.17%
10 Quest Diagnostics 21.68 Bn 21.59 Bn 942.00 Mn 22.16%

Historic Data

Download Data
DateValue
Mar 27, 2026 16.68%
Mar 27, 2026 16.68%
Dec 31, 2025 13.84%
Dec 31, 2025 13.84%
Sep 26, 2025 15.61%
Sep 26, 2025 15.61%
Jun 27, 2025 15.27%
Jun 27, 2025 15.27%
Mar 28, 2025 15.50%
Mar 28, 2025 15.50%
Dec 31, 2024 17.41%
Dec 31, 2024 17.41%
Sep 27, 2024 16.27%
Sep 27, 2024 16.27%
Jun 28, 2024 16.25%
Jun 28, 2024 16.25%
Mar 29, 2024 14.40%
Mar 29, 2024 14.40%
Dec 31, 2023 9.01%
Dec 31, 2023 9.01%