Fresenius Medical Care AG (FMS) Tax Rate (2009 - 2025)
Fresenius Medical Care AG (FMS) posted Tax Rate of 88.41% for Q4 2025, up 373.12% on a QoQ basis from 18.69% in Q3 2025, and down 11494.0% year-over-year from N/an in Q4 2024.
Fresenius Medical Care AG (FMS) has 17 years of Tax Rate data on file, last reported at 88.41% in Q4 2025.
- In Q4 2025, Tax Rate fell 11494.0% year-over-year to 88.41%; the TTM figure through Dec 2025 stood at 61.83% (up 367.0% YoY), while the FY2025 annual figure was 21.23%, down 867.0% from the prior year.
- Tax Rate improved to 88.41% in Q4 2025, from 18.69% in the prior quarter.
- Across five years, Tax Rate topped out at 203.35% in Q4 2024 and bottomed at 18.69% in Q3 2025.
- A 5-year average of 40.92% and a median of 25.1% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2024 — Tax Rate surged 17812 bps — and 2025, when it sank 11494 bps.
- Year by year, Tax Rate stood at 21.94% in 2021, then grew by 11 bps to 24.31% in 2022, then climbed by 4 bps to 25.24% in 2023, then soared by 706 bps to 203.35% in 2024, then sank by 57 bps to 88.41% in 2025.
- The last three Tax Rate figures came in at 88.41% (Q4 2025), 18.69% (Q3 2025), and 90.57% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 18.80 |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 19.96 |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 19.40 |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 19.54 |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 22.41 |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 23.54 |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 88.41 |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 25.37 |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 29.07 |
| 10 | Option Care Health | 3.27 Bn | 3.09 Bn | 262.01 Mn | 25.74 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 88.41 |
| Dec 31, 2025 | 88.41 |
| Sep 30, 2025 | 18.69 |
| Sep 30, 2025 | 18.69 |
| Jun 30, 2025 | 22.29 |
| Jun 30, 2025 | 22.29 |
| Mar 31, 2025 | 24.40 |
| Mar 31, 2025 | 24.40 |
| Dec 31, 2024 | 203.35 |
| Dec 31, 2024 | 203.35 |
| Sep 30, 2024 | 30.62 |
| Sep 30, 2024 | 30.62 |
| Jun 30, 2024 | 29.12 |
| Jun 30, 2024 | 29.12 |
| Mar 31, 2024 | 25.34 |
| Mar 31, 2024 | 25.34 |
| Dec 31, 2023 | 25.24 |
| Dec 31, 2023 | 25.24 |
| Sep 30, 2023 | 37.45 |
| Sep 30, 2023 | 37.45 |
| Jun 30, 2023 | 29.39 |
| Jun 30, 2023 | 29.39 |
| Mar 31, 2023 | 24.96 |
| Mar 31, 2023 | 24.96 |
| Dec 31, 2022 | 24.31 |
| Dec 31, 2022 | 24.31 |
| Sep 30, 2022 | 28.40 |
| Sep 30, 2022 | 28.40 |
| Jun 30, 2022 | 23.40 |
| Jun 30, 2022 | 23.40 |
| Mar 31, 2022 | 23.97 |
| Mar 31, 2022 | 23.97 |
| Dec 31, 2021 | 21.94 |
| Dec 31, 2021 | 21.94 |
| Sep 30, 2021 | 24.07 |
| Sep 30, 2021 | 24.07 |
| Jun 30, 2021 | 21.21 |
| Jun 30, 2021 | 21.21 |
| Mar 31, 2021 | 23.62 |
| Mar 31, 2021 | 23.62 |
| Dec 31, 2020 | 36.67 |
| Dec 31, 2020 | 36.67 |
| Sep 30, 2020 | 22.85 |
| Sep 30, 2020 | 22.85 |
| Jun 30, 2020 | 24.30 |
| Jun 30, 2020 | 24.30 |
| Mar 31, 2020 | 22.17 |
| Mar 31, 2020 | 22.17 |
| Dec 31, 2019 | 21.26 |
| Dec 31, 2019 | 21.26 |
| Sep 30, 2019 | 20.00 |
| Sep 30, 2019 | 20.00 |
| Jun 30, 2019 | 22.67 |
| Jun 30, 2019 | 22.67 |
| Mar 31, 2019 | 23.54 |
| Mar 31, 2019 | 23.54 |
| Dec 31, 2018 | 11.35 |
| Dec 31, 2018 | 11.35 |
| Sep 30, 2018 | 22.68 |
| Sep 30, 2018 | 22.68 |
| Jun 30, 2018 | 19.84 |
| Jun 30, 2018 | 19.84 |
| Mar 31, 2018 | 20.35 |
| Mar 31, 2018 | 20.35 |
| Dec 31, 2017 | -6.83 |
| Dec 31, 2017 | -6.83 |
| Sep 30, 2017 | 28.97 |
| Sep 30, 2017 | 28.97 |
| Jun 30, 2017 | 30.82 |
| Jun 30, 2017 | 30.82 |
| Mar 31, 2017 | 32.51 |
| Mar 31, 2017 | 32.51 |
| Dec 31, 2016 | 30.81 |
| Dec 31, 2016 | 30.81 |
| Sep 30, 2016 | 29.17 |
| Sep 30, 2016 | 29.17 |
| Jun 30, 2016 | 31.03 |
| Jun 30, 2016 | 31.03 |
| Mar 31, 2016 | -34.14 |
| Mar 31, 2016 | -34.14 |
| Dec 31, 2015 | 31.36 |
| Dec 31, 2015 | 31.36 |
| Sep 30, 2015 | 9.88 |
| Sep 30, 2015 | 9.88 |
| Jun 30, 2015 | 30.42 |
| Jun 30, 2015 | 30.42 |
| Mar 31, 2015 | 60.88 |
| Mar 31, 2015 | 60.88 |
| Dec 31, 2014 | 7.75 |
| Dec 31, 2014 | 7.75 |
| Sep 30, 2014 | 121.13 |
| Sep 30, 2014 | 121.13 |
| Jun 30, 2014 | 38.66 |
| Jun 30, 2014 | 38.66 |
| Mar 31, 2014 | 29.23 |
| Mar 31, 2014 | 29.23 |
| Dec 31, 2013 | 9.26 |
| Dec 31, 2013 | 9.26 |
| Sep 30, 2013 | 11.54 |
| Sep 30, 2013 | 11.54 |
| Jun 30, 2013 | 112.85 |
| Jun 30, 2013 | 112.85 |
| Mar 31, 2013 | 30.69 |
| Mar 31, 2013 | 30.69 |
| Dec 31, 2012 | 31.30 |
| Dec 31, 2012 | 31.30 |
| Sep 30, 2012 | 120.89 |
| Sep 30, 2012 | 120.89 |
| Jun 30, 2012 | 79.29 |
| Jun 30, 2012 | 79.29 |
| Mar 31, 2012 | -20.25 |
| Mar 31, 2012 | -20.25 |
| Dec 31, 2011 | 32.73 |
| Dec 31, 2011 | 32.73 |
| Sep 30, 2011 | 103.88 |
| Sep 30, 2011 | 103.88 |
| Jun 30, 2011 | 67.04 |
| Jun 30, 2011 | 67.04 |
| Mar 31, 2011 | 33.31 |
| Mar 31, 2011 | 33.31 |
| Dec 31, 2010 | 2.41 Bn |
| Dec 31, 2010 | 2.41 Bn |
| Sep 30, 2010 | 36.16 |
| Sep 30, 2010 | 36.16 |
| Jun 30, 2010 | 32.40 |
| Jun 30, 2010 | 32.40 |
| Mar 31, 2010 | 35.65 |
| Mar 31, 2010 | 35.65 |
| Dec 31, 2009 | 1.45 Bn |
| Dec 31, 2009 | 1.45 Bn |
| Sep 30, 2009 | 2.63 Bn |
| Sep 30, 2009 | 2.63 Bn |
| Jun 30, 2009 | 30.19 |
| Jun 30, 2009 | 30.19 |
| Mar 31, 2009 | 0.00 |
| Mar 31, 2009 | 0.00 |