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| Date | Value |
|---|---|
| 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% |