Idexx Laboratories (IDXX) Tax Rate (2009 - 2026)
Idexx Laboratories (IDXX) posted Tax Rate of 18.89% for Q2 2026, down 12.8% on a QoQ basis from 21.66% in Q1 2026, and up 2.0% year-over-year from 18.52% in Q2 2025.
Analysis
Idexx Laboratories (IDXX) Tax Rate (2009 - 2026) Analysis & Trends
Idexx Laboratories has reported Tax Rate for 18 years, with the latest figure at 18.89% in Q2 2026.
- On a quarterly basis, Tax Rate rose 2.0% year-over-year to 18.89% in Q2 2026; TTM through Jun 2026 was 19.99%, a 27.0% increase from a year earlier, with the FY2025 full-year figure at 19.99%, down 1.0% from the prior year.
- Tax Rate was 18.89% for Q2 2026 at Idexx Laboratories, down from 21.66% 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.
- Average Tax Rate over 5 years is 20.33%, with a median of 20.31% recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Tax Rate surged 477 bps in 2022, then plunged 314 bps in 2024.
- Over 5 years, Tax Rate stood at 19.23% in 2022, then decreased by 2 bps to 18.84% in 2023, then slipped by 17 bps to 15.69% in 2024, then grew by 22 bps to 19.15% in 2025, then fell by 1 bps to 18.89% in 2026.
- The last three Tax Rate figures came in at 18.89% (Q2 2026), 21.66% (Q1 2026), and 19.15% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Idexx Laboratories | 40.57 Bn | 40.38 Bn | 779.09 Mn | 18.89% |
| 2 | Zoetis | 30.57 Bn | 28.90 Bn | 1.05 Bn | - |
| 3 | Elanco Animal Health | 11.47 Bn | 10.94 Bn | 798.00 Mn | 3.57% |
| 4 | Phibro Animal Health | 1.43 Bn | 1.35 Bn | 134.40 Mn | 32.87% |
| 5 | Immucell | 87.38 Mn | 78.52 Mn | 2.44 Mn | 2.44% |
| 6 | Zhengye Biotechnology Holding | 64.40 Mn | 57.30 Mn | - | - |
| 7 | Global Innovative Platforms | 24.88 Mn | 24.63 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.89% |
| Mar 31, 2026 | 21.66% |
| Dec 31, 2025 | 19.15% |
| Sep 30, 2025 | 20.35% |
| Jun 30, 2025 | 18.87% |
| Mar 31, 2025 | 21.74% |
| Dec 31, 2024 | 15.69% |
| Sep 30, 2024 | 22.10% |
| Jun 30, 2024 | 21.52% |
| Mar 31, 2024 | 20.27% |
| Dec 31, 2023 | 18.84% |
| Sep 30, 2023 | 20.78% |
| Jun 30, 2023 | 21.58% |
| Mar 31, 2023 | 20.04% |
| Dec 31, 2022 | 19.23% |
| Sep 30, 2022 | 22.74% |
| Jun 30, 2022 | 22.86% |
| Mar 31, 2022 | 19.68% |
| Dec 31, 2021 | 15.17% |
| Sep 30, 2021 | 19.99% |