Idexx Laboratories (IDXX) Tax Rate (2009 - 2026)
Idexx Laboratories' Tax Rate came in at 20.58% for Q3 2026, up 0.23 percentage points from 20.35% a year earlier and up 1.69 percentage points from the prior quarter.
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Analysis
Idexx Laboratories (IDXX) Tax Rate (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Idexx Laboratories reported Tax Rate of 20.07%, up 0.74 percentage points year-over-year; for FY2025, it was 19.99%, down 0.01 percentage points from FY2024.
- Tax Rate has declined in each of the last three years, though with a five-year change of +7.93 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 20.00% in FY2024 (-0.37 pp), 20.37% in FY2023 (-0.67 pp), 21.03% in FY2022 (+3.55 pp) and 17.48% in FY2021 (+5.42 pp).
- The five-year range for quarterly Tax Rate is 15.17% (Q4 2021) to 22.86% (Q2 2022).
- Year-over-year, Tax Rate increased in four of the last eight quarters, with an average year-over-year change of -0.31 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q4 2021 (a gain of 13.78 percentage points), and the weakest in Q4 2024 (a drop of 3.14 percentage points).
- Business Quant data shows IDXX's Tax Rate at 18.89% (Q2 2026), 21.66% (Q1 2026) and 19.15% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,224.11 Bn | 1,197.72 Bn | 20.46 Bn | 23.26% |
| 2 | Johnson & Johnson | 665.34 Bn | 585.20 Bn | 17.30 Bn | - |
| 3 | AbbVie | 515.72 Bn | 483.73 Bn | 13.12 Bn | 12.61% |
| 4 | Merck | 362.64 Bn | 325.58 Bn | 13.19 Bn | 8.85% |
| 5 | Novartis Ag | 315.51 Bn | 288.75 Bn | - | - |
| 6 | Astrazeneca | 289.26 Bn | 263.15 Bn | 13.26 Bn | - |
| 7 | Amgen | 249.20 Bn | 200.85 Bn | 7.58 Bn | 17.54% |
| 8 | Gilead Sciences | 207.48 Bn | 182.59 Bn | 6.73 Bn | 20.70% |
| 9 | Pfizer | 167.49 Bn | 114.85 Bn | 12.56 Bn | 3.96% |
| 10 | Idexx Laboratories | 53.33 Bn | 52.56 Bn | 764.30 Mn | 20.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.58% |
| 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% |
API Access
Idexx Laboratories Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=IDXX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "IDXX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=IDXX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();