Fulgent Genetics (FLGT) Tax Rate (2016 - 2026)

Fulgent Genetics' (FLGT) quarterly Tax Rate came in at 2.69% in Q1 2026, up 440.0% year-on-year from 0.5% in Q1 2025, and up 119.5% quarter-over-quarter from 13.82% in Q4 2025.

Fulgent Genetics (FLGT) Tax Rate (2016 - 2026) Analysis & Trends

Fulgent Genetics has disclosed Tax Rate across 11 years of filings, most recently posting 2.69% for Q1 2026.

  • Tax Rate for Q1 2026 came in at 2.69%, up 440.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 36.37% (up 1920.0% YoY), and the FY2025 annual result was 87.83%, up 7045.0% from the prior year.
  • Tax Rate came in at 2.69% for Q1 2026 at Fulgent Genetics, up from 13.82% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 295.92% in Q3 2023 to a low of 983.77% in Q4 2023.
  • The 5-year median for Tax Rate is 19.29% (2022), against an average of 25.54%.
  • Across the five-year window, Tax Rate tumbled 101182 bps in 2023 and surged 104770 bps in 2024, its largest moves.
  • Fulgent Genetics' Tax Rate stood at 28.05% in 2022, then tumbled by 3607 bps to 983.77% in 2023, then surged by 106 bps to 63.92% in 2024, then plunged by 122 bps to 13.82% in 2025, then jumped by 119 bps to 2.69% in 2026.
  • The last three Tax Rate figures came in at 2.69% (Q1 2026), 13.82% (Q4 2025), and 9.32% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn 18.18%
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 4.04%
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 16.68%
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 21.66%
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 16.91%
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn 17.99%
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn -0.35%
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 14.65%
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 19.17%
10 Fulgent Genetics 574.08 Mn 292.12 Mn 21.49 Mn 2.69%

Historic Data

Download Data
DateValue
Mar 31, 2026 2.69%
Mar 31, 2026 2.69%
Dec 31, 2025 -13.82%
Dec 31, 2025 -13.82%
Sep 30, 2025 9.32%
Sep 30, 2025 9.32%
Jun 30, 2025 10.69%
Jun 30, 2025 10.69%
Mar 31, 2025 -1.71%
Mar 31, 2025 -1.71%
Dec 31, 2024 63.92%
Dec 31, 2024 63.92%
Sep 30, 2024 20.71%
Sep 30, 2024 20.71%
Jun 30, 2024 18.94%
Jun 30, 2024 18.94%
Mar 31, 2024 2.31%
Mar 31, 2024 2.31%
Dec 31, 2023 -983.77%
Dec 31, 2023 -983.77%