Grid Dynamics Holdings (GDYN) Tax Rate (2018 - 2026)
Grid Dynamics Holdings (GDYN) posted Tax Rate of 36.1% for Q2 2026, up 115.38% sequentially from 234.77% in Q1 2026, and up 832.0% YoY from 3.87% in Q2 2025.
Grid Dynamics Holdings (GDYN) Tax Rate (2018 - 2026) Analysis & Trends
Grid Dynamics Holdings has reported Tax Rate for 9 years, with the latest figure at 36.1% in Q2 2026.
- Quarterly Tax Rate rose 832.0% year-over-year to 36.1% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 71.25% (up 5176.0% YoY) and the FY2025 annual result came in at 38.42%, down 2502.0% from the prior year.
- Tax Rate grew to 36.1% in Q2 2026 per GDYN's latest filing, from 234.77% in the prior quarter.
- Over five years, Tax Rate peaked at 130.2% in Q2 2024 and troughed at 442.66% in Q1 2022.
- A 5-year average of 30.18% and a median of 3.07% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate tumbled 47094 bps in 2022, then surged 35681 bps in 2023.
- Over 5 years, Tax Rate stood at 29.36% in 2022, then slumped by 217 bps to 92.95% in 2023, then soared by 123 bps to 21.06% in 2024, then jumped by 323 bps to 89.1% in 2025, then plunged by 59 bps to 36.1% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 36.1%, 234.77%, and 89.1% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 223.50 Bn | 212.14 Bn | 9.91 Bn | 12.63% |
| 2 | Accenture | 113.94 Bn | 103.77 Bn | 6.13 Bn | 24.19% |
| 3 | Infosys | 48.81 Bn | 48.81 Bn | 1.60 Bn | 29.49% |
| 4 | Cgi | 33.12 Bn | 32.66 Bn | - | 26.62% |
| 5 | Cognizant Technology Solutions | 29.13 Bn | 28.08 Bn | 1.83 Bn | 26.40% |
| 6 | Fidelity National Information Services | 21.52 Bn | 20.77 Bn | 1.17 Bn | 21.36% |
| 7 | Broadridge Financial Solutions | 21.00 Bn | 20.59 Bn | 853.00 Mn | 23.74% |
| 8 | Wipro | 19.72 Bn | 18.65 Bn | 738.00 Mn | -22.49% |
| 9 | Leidos Holdings | 17.82 Bn | 17.07 Bn | 817.00 Mn | 21.06% |
| 10 | Grid Dynamics Holdings | 671.84 Mn | 373.41 Mn | 39.62 Mn | 36.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 36.10% |
| Jun 30, 2026 | 36.10% |
| Jun 30, 2026 | 36.10% |
| Mar 31, 2026 | -227.27% |
| Mar 31, 2026 | -227.27% |
| Mar 31, 2026 | -227.27% |
| Dec 31, 2025 | 89.10% |
| Dec 31, 2025 | 89.10% |
| Dec 31, 2025 | 89.10% |
| Sep 30, 2025 | 62.31% |
| Sep 30, 2025 | 62.31% |
| Sep 30, 2025 | 62.31% |
| Jun 30, 2025 | 27.78% |
| Jun 30, 2025 | 27.78% |
| Jun 30, 2025 | 27.78% |
| Mar 31, 2025 | -17.94% |
| Mar 31, 2025 | -17.94% |
| Mar 31, 2025 | -17.94% |
| Dec 31, 2024 | 21.06% |
| Dec 31, 2024 | 21.06% |