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| Date | Value |
|---|---|
| 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% |