Doximity (DOCS) Tax Rate (2020 - 2026)
Doximity's (DOCS) quarterly Tax Rate came in at 39.76% in Q2 2026, up 2288.0% year-over-year from 1.66% in Q2 2025, and down 1.81% quarter-over-quarter from 40.49% in Q1 2026.
Analysis
Doximity (DOCS) Tax Rate (2020 - 2026) Analysis & Trends
Doximity (DOCS) has reported Tax Rate for 7 consecutive years, with 39.76% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Tax Rate rose 2288.0% year-over-year to 39.76% in Q2 2026; TTM through Jun 2026 was 26.16%, a 1180.0% increase from a year earlier, with the FY2026 full-year figure at 21.58%, up 626.0% from the prior year.
- Tax Rate was 39.76% for Q2 2026 at Doximity, down from 40.49% in the prior quarter.
- Over five years, Tax Rate peaked at 40.49% in Q1 2026 and troughed at 31.61% in Q1 2022.
- A 5-year average of 16.67% and a median of 17.99% in 2022 frame the typical range for Tax Rate.
- The widest YoY moves for Tax Rate: up 7366 bps in 2022, down 3774 bps in 2022.
- Over 5 years, Tax Rate stood at 18.26% in 2022, then soared by 31 bps to 23.92% in 2023, then plunged by 32 bps to 16.3% in 2024, then surged by 46 bps to 23.81% in 2025, then soared by 67 bps to 39.76% in 2026.
- The last three Tax Rate figures came in at 39.76% (Q2 2026), 40.49% (Q1 2026), and 23.81% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 21.77% |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 27.54% |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 39.76% |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 32.04% |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 13.41% |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 18.67% |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 4.81% |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 44.81% |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 23.31% |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 40.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.76% |
| Mar 31, 2026 | 40.49% |
| Dec 31, 2025 | 23.81% |
| Sep 30, 2025 | 14.92% |
| Jun 30, 2025 | 16.88% |
| Mar 31, 2025 | -6.96% |
| Dec 31, 2024 | 16.30% |
| Sep 30, 2024 | 28.98% |
| Jun 30, 2024 | 22.18% |
| Mar 31, 2024 | 15.30% |
| Dec 31, 2023 | 23.92% |
| Sep 30, 2023 | 22.91% |
| Jun 30, 2023 | 17.72% |
| Mar 31, 2023 | 16.47% |
| Dec 31, 2022 | 18.26% |
| Sep 30, 2022 | 20.33% |
| Jun 30, 2022 | 0.46% |
| Mar 31, 2022 | -31.61% |
| Dec 31, 2021 | -55.40% |
| Sep 30, 2021 | -42.24% |