Incyte (INCY) Tax Rate (2010 - 2026)

Incyte (INCY) reported Tax Rate of 11.72% for Q1 2026, down 2073.0% on a YoY basis from 0.59% in Q1 2025, and down 49.59% quarter-over-quarter from 23.25% in Q4 2025.

Incyte (INCY) Tax Rate (2010 - 2026) Analysis & Trends

Incyte has reported Tax Rate for 16 years, with the latest figure at 11.72% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate fell 2073.0% year-over-year to 11.72%; the trailing twelve-month figure through Mar 2026 stood at 19.28% (down 7396.0% YoY), and the FY2025 full-year result was 22.7%, down 6700.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 11.72%, down from 23.25% in the prior quarter.
  • The five-year high for Tax Rate was 64.7% in Q4 2022, with the low at 14.07% in Q2 2024.
  • Historically, Tax Rate has averaged 28.87% across 5 years, with a median of 27.42% in 2025.
  • Annual changes were most pronounced in 2022 — Tax Rate soared 43449 bps — and 2024, when it slumped 4074 bps.
  • Incyte's Tax Rate stood at 64.7% in 2022, then sank by 60 bps to 25.79% in 2023, then surged by 39 bps to 35.86% in 2024, then slumped by 35 bps to 23.25% in 2025, then tumbled by 50 bps to 11.72% in 2026.
  • The last three Tax Rate figures came in at 11.72% (Q1 2026), 23.25% (Q4 2025), and 12.05% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -57.14
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -6.79
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 5.61
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 17.68
9 Abivax 91.96 Bn 91.96 Bn - -
10 Incyte 19.62 Bn 15.60 Bn 1.17 Bn 11.72

Historic Data

Download Data
DateValue
Mar 31, 2026 11.72%
Mar 31, 2026 11.72%
Dec 31, 2025 23.25%
Dec 31, 2025 23.25%
Sep 30, 2025 12.05%
Sep 30, 2025 12.05%
Jun 30, 2025 27.42%
Jun 30, 2025 27.42%
Mar 31, 2025 32.45%
Mar 31, 2025 32.45%
Dec 31, 2024 35.86%
Dec 31, 2024 35.86%
Sep 30, 2024 31.99%
Sep 30, 2024 31.99%
Jun 30, 2024 -14.07%
Jun 30, 2024 -14.07%
Mar 31, 2024 28.21%
Mar 31, 2024 28.21%
Dec 31, 2023 25.79%
Dec 31, 2023 25.79%