Illumina (ILMN) Tax Rate (2009 - 2026)
Illumina's (ILMN) quarterly Tax Rate came in at 20.38% in Q2 2026, down 282.0% on a YoY basis from 11.2% in Q2 2025, and up 39.15% quarter-over-quarter from 14.65% in Q1 2026.
Powered by 
Analysis
Illumina (ILMN) Tax Rate (2009 - 2026) Analysis & Trends
Illumina (ILMN) has reported Tax Rate for 18 consecutive years, with 20.38% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 282.0% year-over-year to 20.38%; the trailing twelve-month figure through Jun 2026 stood at 18.64% (up 882.0% YoY), and the FY2025 full-year result was 21.73%, up 2546.0% from the prior year.
- Tax Rate climbed to 20.38% in Q2 2026 per ILMN's latest filing, from 14.65% in the prior quarter.
- Across five years, Tax Rate topped out at 103.85% in Q2 2023 and bottomed at 162.92% in Q3 2023.
- Historically, Tax Rate has averaged 6.31% across 5 years, with a median of 11.41% in 2025.
- The sharpest annual moves came in 2023 and 2024: Tax Rate tumbled 17893 bps in 2023, then surged 16231 bps in 2024.
- Over 5 years, Tax Rate stood at 3.92% in 2022, then dropped by 22 bps to 4.79% in 2023, then soared by 143 bps to 2.08% in 2024, then jumped by 447 bps to 11.41% in 2025, then soared by 79 bps to 20.38% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 20.38%, 14.65%, and 11.41% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.68 Bn | 237.61 Bn | 8.34 Bn | 8.68% |
| 2 | Danaher | 147.34 Bn | 142.99 Bn | 3.61 Bn | 19.29% |
| 3 | Agilent Technologies | 43.34 Bn | 41.59 Bn | 1.04 Bn | 18.47% |
| 4 | Illumina | 34.58 Bn | 33.41 Bn | 770.00 Mn | 20.38% |
| 5 | Revvity | 16.31 Bn | 15.29 Bn | 416.87 Mn | 15.82% |
| 6 | Bio-Techne | 11.28 Bn | 11.01 Bn | 211.39 Mn | 22.72% |
| 7 | Bio-Rad Laboratories | 10.16 Bn | 8.54 Bn | 345.80 Mn | 31.49% |
| 8 | Repligen | 9.77 Bn | 8.75 Bn | 110.04 Mn | 64.62% |
| 9 | 10x Genomics | 9.45 Bn | 8.90 Bn | 112.50 Mn | 3.83% |
| 10 | Bruker | 9.26 Bn | 9.04 Bn | 416.00 Mn | -27.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 20.38% |
| Mar 29, 2026 | 14.65% |
| Dec 28, 2025 | 11.41% |
| Sep 28, 2025 | 31.82% |
| Jun 29, 2025 | 23.20% |
| Mar 30, 2025 | 28.02% |
| Sep 29, 2024 | 2.08% |
| Jun 30, 2024 | -0.61% |
| Mar 31, 2024 | -15.60% |
| Dec 31, 2023 | -4.79% |
| Oct 1, 2023 | 3.58% |
| Jul 2, 2023 | -162.92% |
| Apr 2, 2023 | 103.85% |
| Jan 1, 2023 | 1.56% |
| Oct 2, 2022 | -3.92% |
| Jul 3, 2022 | 16.01% |
| Apr 3, 2022 | 38.57% |
| Oct 3, 2021 | 24.52% |
| Jul 4, 2021 | 10.63% |
| Apr 4, 2021 | 13.02% |