Doximity (DOCS) Tax Rate (2020 - 2026)

Doximity's (DOCS) quarterly Tax Rate came in at 40.49% in Q1 2026, up 4745.0% year-on-year from 0.84% in Q1 2025, and up 70.05% on a QoQ basis from 23.81% in Q4 2025.

Doximity (DOCS) Tax Rate (2020 - 2026) Analysis & Trends

Doximity (DOCS) has 7 years of Tax Rate data on file, last reported at 40.49% in Q1 2026.

  • On a quarterly basis, Tax Rate rose 4745.0% year-over-year to 40.49% in Q1 2026; TTM through Mar 2026 was 21.58%, a 626.0% increase from a year earlier, with the FY2026 full-year figure at 21.58%, up 626.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 40.49%, up from 23.81% in the prior quarter.
  • Over the last five years, Tax Rate for DOCS reached as high as 40.49% in Q1 2026 and fell as low as 31.61% in Q1 2022.
  • Historically, Tax Rate has averaged 15.31% across 5 years, with a median of 17.72% in 2023.
  • On a YoY basis, Tax Rate climbed as much as 7366 bps in 2022 and fell as far as 3774 bps in 2022.
  • Year by year, Tax Rate stood at 18.26% in 2022, then jumped by 31 bps to 23.92% in 2023, then plunged by 32 bps to 16.3% in 2024, then soared by 46 bps to 23.81% in 2025, then soared by 70 bps to 40.49% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 40.49% in Q1 2026, 23.81% in Q4 2025, and 14.92% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Veeva Systems 29.34 Bn 22.03 Bn 662.02 Mn 24.92%
2 BrightSpring Health Services 13.49 Bn 12.59 Bn 482.22 Mn 10.32%
3 Healthequity 7.96 Bn 7.70 Bn 256.31 Mn 24.88%
4 10x Genomics 6.17 Bn 5.63 Bn 106.18 Mn -4.85%
5 Hinge Health 6.02 Bn 5.70 Bn 154.23 Mn 2.26%
6 MiniMed 4.19 Bn 3.89 Bn 480.00 Mn -101.09%
7 Waystar Holding 4.14 Bn 4.07 Bn 216.84 Mn 27.64%
8 Doximity 3.82 Bn 3.08 Bn 125.97 Mn 40.49%
9 Privia Health 3.10 Bn 2.73 Bn - 60.15%
10 Omnicell 1.81 Bn 1.57 Bn 140.36 Mn 32.81%

Historic Data

Download Data
DateValue
Mar 31, 2026 40.49%
Mar 31, 2026 40.49%
Mar 31, 2026 40.49%
Dec 31, 2025 23.81%
Dec 31, 2025 23.81%
Dec 31, 2025 23.81%
Sep 30, 2025 14.92%
Sep 30, 2025 14.92%
Sep 30, 2025 14.92%
Jun 30, 2025 16.88%
Jun 30, 2025 16.88%
Jun 30, 2025 16.88%
Mar 31, 2025 -6.96%
Mar 31, 2025 -6.96%
Mar 31, 2025 -6.96%
Dec 31, 2024 16.30%
Dec 31, 2024 16.30%
Dec 31, 2024 16.30%
Sep 30, 2024 28.98%
Sep 30, 2024 28.98%