Idexx Laboratories (IDXX) Tax Rate (2009 - 2026)

Idexx Laboratories (IDXX) posted quarterly Tax Rate of 21.66% for Q1 2026, down 8.0% year-over-year from 23.55% in Q1 2025, and up 13.1% quarter-over-quarter from 19.15% in Q4 2025.

Idexx Laboratories (IDXX) Tax Rate (2009 - 2026) Analysis & Trends

Idexx Laboratories' Tax Rate history runs 18 years deep, the most recent figure standing at 21.66% for Q1 2026.

  • In Q1 2026, Tax Rate fell 8.0% year-over-year to 21.66%; the TTM figure through Mar 2026 stood at 20.03% (down 38.0% YoY), while the FY2025 annual figure was 19.99%, down 1.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 21.66%, up from 19.15% in the prior quarter.
  • The five-year high for Tax Rate was 22.86% in Q2 2022, with the low at 15.69% in Q4 2024.
  • The 5-year median for Tax Rate is 20.35% (2025), against an average of 20.42%.
  • The sharpest annual moves came in 2022 and 2024: Tax Rate soared 477 bps in 2022, then plunged 314 bps in 2024.
  • Idexx Laboratories' Tax Rate stood at 19.23% in 2022, then fell by 2 bps to 18.84% in 2023, then retreated by 17 bps to 15.69% in 2024, then advanced by 22 bps to 19.15% in 2025, then climbed by 13 bps to 21.66% in 2026.
  • Business Quant data shows IDXX's Tax Rate at 21.66% in Q1 2026, 19.15% in Q4 2025, and 20.35% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Thermo Fisher Scientific 213.98 Bn 209.91 Bn 8.34 Bn 8.68%
2 Danaher 140.49 Bn 136.14 Bn 3.61 Bn 19.29%
3 Idexx Laboratories 46.39 Bn 46.19 Bn 779.09 Mn 18.89%
4 Agilent Technologies 39.72 Bn 37.91 Bn 990.00 Mn 16.91%
5 Iqvia Holdings 39.38 Bn 37.30 Bn 1.44 Bn 19.93%
6 Natera 38.92 Bn 37.82 Bn 696.04 Mn -0.35%
7 Illumina 30.08 Bn 28.91 Bn 770.00 Mn 20.38%
8 Mettler Toledo International 28.65 Bn 28.60 Bn 650.22 Mn 19.52%
9 Quest Diagnostics 26.23 Bn 25.60 Bn 1.03 Bn 21.36%
10 Labcorp Holdings 25.87 Bn 24.89 Bn 1.01 Bn 13.04%

Historic Data

Download Data
DateValue
Jun 30, 2026 18.89%
Jun 30, 2026 18.89%
Jun 30, 2026 18.89%
Mar 31, 2026 21.66%
Mar 31, 2026 21.66%
Mar 31, 2026 21.66%
Dec 31, 2025 19.15%
Dec 31, 2025 19.15%
Dec 31, 2025 19.15%
Sep 30, 2025 20.35%
Sep 30, 2025 20.35%
Sep 30, 2025 20.35%
Jun 30, 2025 18.87%
Jun 30, 2025 18.87%
Jun 30, 2025 18.87%
Mar 31, 2025 21.74%
Mar 31, 2025 21.74%
Mar 31, 2025 21.74%
Dec 31, 2024 15.69%
Dec 31, 2024 15.69%