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
DateValue
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%