Idexx Laboratories (IDXX) Tax Rate (2009 - 2026)
Idexx Laboratories (IDXX) recorded quarterly Tax Rate of 21.66% in Q1 2026, up 13.1% quarter-over-quarter from 19.15% in Q4 2025, and down 8.0% on a YoY basis from 23.55% in Q1 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 was 21.66% for Q1 2026 at Idexx Laboratories, up from 19.15% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 22.86% in Q2 2022 to a low of 15.69% in Q4 2024.
- Historically, Tax Rate has averaged 20.42% across 5 years, with a median of 20.35% in 2025.
- The sharpest annual moves came in 2022 and 2024: Tax Rate jumped 477 bps in 2022, then sank 314 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 19.23% in 2022, then retreated by 2 bps to 18.84% in 2023, then decreased by 17 bps to 15.69% in 2024, then climbed by 22 bps to 19.15% in 2025, then grew by 13 bps to 21.66% in 2026.
- The last three Tax Rate figures came in at 21.66% (Q1 2026), 19.15% (Q4 2025), and 20.35% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 18.18% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 4.04% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 16.68% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 21.66% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 16.91% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 17.99% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | -0.35% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 14.65% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 19.17% |
| 10 | Quest Diagnostics | 21.68 Bn | 21.59 Bn | 942.00 Mn | 22.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.66% |
| Mar 31, 2026 | 21.66% |
| Dec 31, 2025 | 19.15% |
| Dec 31, 2025 | 19.15% |
| Sep 30, 2025 | 20.35% |
| Sep 30, 2025 | 20.35% |
| Jun 30, 2025 | 18.87% |
| Jun 30, 2025 | 18.87% |
| Mar 31, 2025 | 21.74% |
| Mar 31, 2025 | 21.74% |
| Dec 31, 2024 | 15.69% |
| Dec 31, 2024 | 15.69% |
| Sep 30, 2024 | 22.10% |
| Sep 30, 2024 | 22.10% |
| Jun 30, 2024 | 21.52% |
| Jun 30, 2024 | 21.52% |
| Mar 31, 2024 | 20.27% |
| Mar 31, 2024 | 20.27% |
| Dec 31, 2023 | 18.84% |
| Dec 31, 2023 | 18.84% |