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