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

Fulgent Genetics (FLGT) posted Tax Rate of 2.69% for Q1 2026, up 119.5% sequentially from 13.82% in Q4 2025, and up 440.0% YoY from 0.5% in Q1 2025.

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

Fulgent Genetics (FLGT) has 11 years of Tax Rate data on file, last reported at 2.69% in Q1 2026.

  • Quarterly Tax Rate rose 440.0% year-over-year to 2.69% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 36.37% (up 1920.0% YoY) and the FY2025 annual result came in at 87.83%, up 7045.0% from the prior year.
  • Tax Rate advanced to 2.69% in Q1 2026 per FLGT's latest filing, from 13.82% in the prior quarter.
  • The five-year high for Tax Rate was 295.92% in Q3 2023, with the low at 983.77% in Q4 2023.
  • Average Tax Rate over 5 years is 25.54%, with a median of 19.29% recorded in 2022.
  • Year-over-year, Tax Rate sank 101182 bps in 2023 and soared 104770 bps in 2024.
  • Fulgent Genetics' Tax Rate stood at 28.05% in 2022, then plunged by 3607 bps to 983.77% in 2023, then surged by 106 bps to 63.92% in 2024, then sank by 122 bps to 13.82% in 2025, then jumped by 119 bps to 2.69% in 2026.
  • Business Quant data shows FLGT's Tax Rate at 2.69% in Q1 2026, 13.82% in Q4 2025, and 9.32% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 18.18%
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 4.04%
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 16.68%
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 21.66%
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn -0.35%
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 16.91%
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 17.99%
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 14.65%
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 19.17%
10 Fulgent Genetics 642.94 Mn 360.99 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%