Fulgent Genetics (FLGT) Tax Rate (2016 - 2026)
Fulgent Genetics' (FLGT) quarterly Tax Rate came in at 0.1% in Q2 2026, down 1079.0% year-over-year from 0.01% in Q2 2025, and down 103.73% quarter-over-quarter from 2.71% in Q1 2026.
Analysis
Fulgent Genetics (FLGT) Tax Rate (2016 - 2026) Analysis & Trends
Fulgent Genetics has disclosed Tax Rate across 11 years of filings, most recently posting 0.1% for Q2 2026.
- In Q2 2026, Tax Rate fell 1079.0% year-over-year to 0.1%; the TTM figure through Jun 2026 stood at 14.36% (up 137.0% YoY), while the FY2025 annual figure was 21.0%, up 534.0% from the prior year.
- Tax Rate came in at 0.1% for Q2 2026 at Fulgent Genetics, down from 2.71% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 296.3% in Q3 2023 to a low of 1.71% in Q1 2025.
- Average Tax Rate over 5 years is 32.17%, with a median of 20.17% recorded in 2022.
- Year-over-year, Tax Rate soared 27273 bps in 2023 and tumbled 27559 bps in 2024.
- Over 5 years, Tax Rate stood at 28.05% in 2022, then slumped by 45 bps to 15.38% in 2023, then surged by 48 bps to 22.82% in 2024, then soared by 78 bps to 40.67% in 2025, then plunged by 100 bps to 0.1% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 0.1% in Q2 2026, 2.71% in Q1 2026, and 40.67% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 53.05 Bn | 51.95 Bn | 486.15 Mn | 0.45% |
| 2 | Quest Diagnostics | 27.19 Bn | 26.87 Bn | 1.03 Bn | 21.36% |
| 3 | Labcorp Holdings | 25.93 Bn | 25.81 Bn | 1.11 Bn | 22.59% |
| 4 | Guardant Health | 23.97 Bn | 22.91 Bn | 219.03 Mn | -0.15% |
| 5 | Tempus AI | 13.64 Bn | 12.82 Bn | 274.25 Mn | 3.51% |
| 6 | Caris Life Sciences | 8.47 Bn | 7.68 Bn | 182.38 Mn | -3.75% |
| 7 | Sotera Health | 5.35 Bn | 4.99 Bn | 177.96 Mn | 31.27% |
| 8 | BillionToOne | 4.96 Bn | 4.41 Bn | 77.11 Mn | -7.13% |
| 9 | Adaptive Biotechnologies | 4.55 Bn | 4.21 Bn | 51.39 Mn | - |
| 10 | Fulgent Genetics | 596.80 Mn | 334.14 Mn | 25.68 Mn | -0.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.10% |
| Mar 31, 2026 | 2.71% |
| Dec 31, 2025 | 40.67% |
| Sep 30, 2025 | 9.32% |
| Jun 30, 2025 | 10.69% |
| Mar 31, 2025 | -1.71% |
| Dec 31, 2024 | 22.82% |
| Sep 30, 2024 | 20.71% |
| Jun 30, 2024 | 18.94% |
| Mar 31, 2024 | 2.31% |
| Dec 31, 2023 | 15.38% |
| Sep 30, 2023 | 296.30% |
| Jun 30, 2023 | 21.16% |
| Mar 31, 2023 | 24.70% |
| Dec 31, 2022 | 28.05% |
| Sep 30, 2022 | 23.56% |
| Jun 30, 2022 | 19.63% |
| Mar 31, 2022 | 23.97% |
| Dec 31, 2021 | 31.26% |
| Sep 30, 2021 | 23.50% |