Grid Dynamics Holdings (GDYN) Tax Rate (2019 - 2026)
Grid Dynamics Holdings' Tax Rate came in at 36.10% for Q2 2026, up 8.32 percentage points from 27.78% a year earlier and up 270.87 percentage points from the prior quarter.
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Analysis
Grid Dynamics Holdings (GDYN) Tax Rate (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Grid Dynamics Holdings reported Tax Rate of 71.25%, up 51.76 percentage points year-over-year; for FY2025, it came in at 38.42%, down 25.02 percentage points from FY2024.
- Tax Rate carries a five-year change of +21.25 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 63.45% in FY2024 (-73.04 pp), 136.48% in FY2023 (+179.32 pp), -42.83% in FY2022 (+171.19 pp) and -214.03% in FY2021 (-231.21 pp).
- The five-year range for quarterly Tax Rate is -442.66% (Q1 2022) to 130.20% (Q2 2024).
- Year-over-year, Tax Rate increased in five of the last eight quarters, with an average year-over-year change of -16.65 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q1 2023 (a gain of 356.81 percentage points), and the weakest in Q1 2022 (a drop of 470.94 percentage points).
- Business Quant data shows GDYN's Tax Rate at -234.77% (Q1 2026), 89.10% (Q4 2025) and 62.31% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 43.15 Bn | 43.21 Bn | 1.60 Bn | 29.49% |
| 2 | Cognizant Technology Solutions | 25.69 Bn | 18.86 Bn | 1.83 Bn | 26.40% |
| 3 | Td Synnex | 20.64 Bn | 14.68 Bn | 1.34 Bn | 22.29% |
| 4 | Cdw | 16.25 Bn | 14.24 Bn | 1.32 Bn | 26.55% |
| 5 | Cgi | 15.05 Bn | 12.83 Bn | - | 26.62% |
| 6 | Arrow Electronics | 11.71 Bn | 10.74 Bn | 1.13 Bn | 22.74% |
| 7 | Avnet | 8.41 Bn | 7.59 Bn | 865.03 Mn | 20.97% |
| 8 | Ingram Micro Holding | 6.34 Bn | 1.95 Bn | 958.68 Mn | 29.63% |
| 9 | EPAM Systems | 5.52 Bn | 1.16 Bn | 429.57 Mn | 26.73% |
| 10 | Grid Dynamics Holdings | 619.41 Mn | -687.10 Mn | 39.62 Mn | 36.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.10% |
| Dec 31, 2025 | 89.10% |
| Sep 30, 2025 | 62.31% |
| Jun 30, 2025 | 27.78% |
| Dec 31, 2024 | 21.06% |
| Sep 30, 2024 | 23.56% |
| Jun 30, 2024 | 130.20% |
| Sep 30, 2023 | 79.53% |
| Jun 30, 2023 | 39.50% |
| Sep 30, 2021 | 126.34% |
| Jun 30, 2021 | 214.56% |
| Dec 31, 2019 | 49.12% |
| Sep 30, 2019 | 18.98% |
| Jun 30, 2019 | 28.08% |
| Mar 31, 2019 | 20.62% |
API Access
Grid Dynamics Holdings Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=GDYN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "GDYN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=GDYN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();