Illumina (ILMN) Tax Rate (2009 - 2026)
Illumina (ILMN) reported Tax Rate of 20.38% for Q2 2026, down 2.82 percentage points from 23.20% a year earlier but up 5.73 percentage points from the prior quarter.
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Analysis
Illumina (ILMN) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 28, 2026, Illumina's Tax Rate came in at 18.64%, up 8.82 percentage points year-over-year; for FY2025, it was 21.73%, up 25.46 percentage points from FY2024.
- Tax Rate has a four-year change of -1.63 percentage points (FY2021 to FY2025).
- By year, Tax Rate came in at -3.73% in FY2024 (+0.21 pp), -3.94% in FY2023 (-2.37 pp), -1.57% in FY2022 and 23.36% in FY2021.
- Five-year quarterly Tax Rate spans a low of -162.92% in Q2 2023 and a high of 103.85% in Q1 2023.
- Year over year, Tax Rate gained in three of the last six quarters, with an average year-over-year change of +13.25 percentage points.
- The high point for year-over-year Tax Rate in five years was Q2 2024 (a gain of 162.31 percentage points); the low point was Q1 2024 (a drop of 119.44 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 14.65% (Q1 2026), 11.41% (Q4 2025) and 31.82% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 8.68% |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 39.11% |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 19.29% |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 21.94% |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 16.34% |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 18.41% |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 14.62% |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 18.41% |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 53.56% |
| 10 | Illumina | 42.00 Bn | 36.77 Bn | 770.00 Mn | 20.38% |
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% |
| Apr 3, 2022 | 38.57% |
| Oct 3, 2021 | 24.52% |
| Jul 4, 2021 | 10.63% |
| Apr 4, 2021 | 13.02% |
| Jan 3, 2021 | 14.05% |
| Sep 27, 2020 | 16.74% |
| Jun 28, 2020 | 71.52% |
| Mar 29, 2020 | 2.81% |
| Dec 29, 2019 | 11.15% |
| Sep 29, 2019 | 13.33% |
| Jun 30, 2019 | 15.32% |
| Mar 31, 2019 | 3.86% |
| Dec 30, 2018 | 5.74% |
API Access
Illumina 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=ILMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "ILMN", "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=ILMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();