Doximity (DOCS) Tax Rate (2020 - 2026)
Doximity (DOCS) posted quarterly Tax Rate of 40.49% for Q1 2026, up 4745.0% year-over-year from 0.84% in Q1 2025, and up 70.05% quarter-over-quarter from 23.81% in Q4 2025.
Doximity (DOCS) Tax Rate (2020 - 2026) Analysis & Trends
Doximity (DOCS) has reported Tax Rate for 7 consecutive years, with 40.49% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 4745.0% year-over-year to 40.49%; the TTM figure through Mar 2026 stood at 21.58% (up 626.0% YoY), while the FY2026 annual figure was 21.58%, up 626.0% from the prior year.
- Tax Rate rose to 40.49% in Q1 2026 per DOCS's latest filing, from 23.81% in the prior quarter.
- Across five years, Tax Rate topped out at 40.49% in Q1 2026 and bottomed at 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.
- Doximity's Tax Rate stood at 18.26% in 2022, then surged by 31 bps to 23.92% in 2023, then plunged by 32 bps to 16.3% in 2024, then jumped by 46 bps to 23.81% in 2025, then jumped by 70 bps to 40.49% in 2026.
- Business Quant data shows DOCS's Tax Rate at 40.49% in Q1 2026, 23.81% in Q4 2025, and 14.92% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 24.92% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 7.39% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 24.88% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 3.83% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 1.67% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -101.09% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 27.54% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 39.76% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -0.14% |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 41.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.76% |
| Jun 30, 2026 | 39.76% |
| Jun 30, 2026 | 39.76% |
| 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% |