Figs (FIGS) Tax Rate (2020 - 2026)
Figs (FIGS) posted quarterly Tax Rate of 3.1% for Q1 2026, down 10419.0% year-over-year from N/an in Q1 2025, and down 76.72% quarter-over-quarter from 13.33% in Q4 2025.
Figs (FIGS) Tax Rate (2020 - 2026) Analysis & Trends
Figs (FIGS) has reported Tax Rate for 7 consecutive years, with 3.1% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate fell 10419.0% year-over-year to 3.1%; the TTM figure through Mar 2026 stood at 21.61% (down 6964.0% YoY), while the FY2025 annual figure was 27.45%, down 5358.0% from the prior year.
- Tax Rate fell to 3.1% in Q1 2026 per FIGS's latest filing, from 13.33% in the prior quarter.
- Across five years, Tax Rate topped out at 107.3% in Q1 2025 and bottomed at 3.1% in Q1 2026.
- Historically, Tax Rate has averaged 48.42% across 5 years, with a median of 48.11% in 2023.
- Annual changes were most pronounced in 2022 — Tax Rate jumped 7553 bps — and 2026, when it sank 10419 bps.
- Figs' Tax Rate stood at 6.62% in 2022, then soared by 495 bps to 39.42% in 2023, then jumped by 115 bps to 84.77% in 2024, then sank by 84 bps to 13.33% in 2025, then plunged by 77 bps to 3.1% in 2026.
- Business Quant data shows FIGS's Tax Rate at 3.1% in Q1 2026, 13.33% in Q4 2025, and 26.87% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Ralph Lauren | 22.40 Bn | 20.45 Bn | 1.44 Bn | 23.38% |
| 2 | Gildan Activewear | 10.47 Bn | 10.20 Bn | 459.76 Mn | 15.21% |
| 3 | Levi Strauss | 8.25 Bn | 7.27 Bn | 979.10 Mn | 22.42% |
| 4 | V F | 5.66 Bn | 4.99 Bn | 917.04 Mn | 9.11% |
| 5 | Kontoor Brands | 4.51 Bn | 4.45 Bn | 328.26 Mn | 25.40% |
| 6 | Ermenegildo Zegna | 3.59 Bn | 3.24 Bn | - | - |
| 7 | Pvh | 3.59 Bn | 3.00 Bn | 1.19 Bn | 18.89% |
| 8 | Columbia Sportswear | 3.09 Bn | 2.46 Bn | 358.43 Mn | 26.82% |
| 9 | Figs | 2.47 Bn | 2.17 Bn | 147.86 Mn | 23.05% |
| 10 | Under Armour | 2.20 Bn | 1.80 Bn | 593.83 Mn | 97.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.05% |
| Jun 30, 2026 | 23.05% |
| Jun 30, 2026 | 23.05% |
| Mar 31, 2026 | 3.10% |
| Mar 31, 2026 | 3.10% |
| Mar 31, 2026 | 3.10% |
| Dec 31, 2025 | 13.33% |
| Dec 31, 2025 | 13.33% |
| Dec 31, 2025 | 13.33% |
| Sep 30, 2025 | 26.87% |
| Sep 30, 2025 | 26.87% |
| Sep 30, 2025 | 26.87% |
| Jun 30, 2025 | 40.99% |
| Jun 30, 2025 | 40.99% |
| Jun 30, 2025 | 40.99% |
| Mar 31, 2025 | 107.30% |
| Mar 31, 2025 | 107.30% |
| Mar 31, 2025 | 107.30% |
| Dec 31, 2024 | 84.77% |
| Dec 31, 2024 | 84.77% |