Globus Medical (GMED) Tax Rate (2011 - 2026)
Globus Medical (GMED) reported Tax Rate of 20.86% for Q1 2026, down 634.0% on a YoY basis from 3.91% in Q1 2025, and up 23.29% quarter-over-quarter from 16.92% in Q4 2025.
Globus Medical (GMED) Tax Rate (2011 - 2026) Analysis & Trends
Globus Medical has reported Tax Rate for 16 years, with the latest figure at 20.86% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 634.0% year-over-year to 20.86%; the trailing twelve-month figure through Mar 2026 stood at 10.9% (down 944.0% YoY), and the FY2025 full-year result was 11.11%, down 359.0% from the prior year.
- Tax Rate for Q1 2026 stood at 20.86%, up from 16.92% in the prior quarter.
- The five-year high for Tax Rate was 60.63% in Q3 2023, with the low at 7.8% in Q2 2025.
- Historically, Tax Rate has averaged 23.22% across 5 years, with a median of 22.25% in 2023.
- Annual changes were most pronounced in 2022 — Tax Rate plunged 5748 bps — and 2023, when it jumped 3780 bps.
- Globus Medical's Tax Rate stood at 55.35% in 2022, then fell by 28 bps to 39.85% in 2023, then slumped by 119 bps to 7.45% in 2024, then soared by 327 bps to 16.92% in 2025, then rose by 23 bps to 20.86% in 2026.
- The last three Tax Rate figures came in at 20.86% (Q1 2026), 16.92% (Q4 2025), and 17.38% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 25.67 |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 12.35 |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 18.09 |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | -15.15 |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 17.06 |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -23.16 |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 25.97 |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 18.61 |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 27.65 |
| 10 | Globus Medical | 10.71 Bn | 10.08 Bn | 525.79 Mn | 20.86 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.86% |
| Mar 31, 2026 | 20.86% |
| Dec 31, 2025 | 16.92% |
| Dec 31, 2025 | 16.92% |
| Sep 30, 2025 | 17.38% |
| Sep 30, 2025 | 17.38% |
| Jun 30, 2025 | -7.80% |
| Jun 30, 2025 | -7.80% |
| Mar 31, 2025 | 27.21% |
| Mar 31, 2025 | 27.21% |
| Dec 31, 2024 | -7.45% |
| Dec 31, 2024 | -7.45% |
| Sep 30, 2024 | 9.11% |
| Sep 30, 2024 | 9.11% |
| Jun 30, 2024 | 33.25% |
| Jun 30, 2024 | 33.25% |
| Mar 31, 2024 | 16.84% |
| Mar 31, 2024 | 16.84% |
| Dec 31, 2023 | 39.85% |
| Dec 31, 2023 | 39.85% |