Incyte (INCY) Tax Rate (2010 - 2026)
Incyte (INCY) reported Tax Rate of 22.08% for Q2 2026, down 5.34 percentage points from 27.42% a year earlier but up 10.36 percentage points from the prior quarter.
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Analysis
Incyte (INCY) Tax Rate (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Incyte's Tax Rate came in at 18.04%, down 12.97 percentage points year-over-year; for FY2025, it was 22.70%, down 67.00 percentage points from FY2024.
- Tax Rate has a five-year change of +50.03 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 89.70% in FY2024 (+61.34 pp), 28.36% in FY2023 (-7.25 pp), 35.62% in FY2022 (+101.91 pp) and -66.29% in FY2021 (-38.95 pp).
- Five-year quarterly Tax Rate spans a low of -369.80% in Q4 2021 and a high of 64.70% in Q4 2022.
- Year over year, Tax Rate has now declined in each of the last four quarters, with an average year-over-year change of +0.30 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q4 2022 (a gain of 434.50 percentage points); the low point was Q4 2021 (a drop of 380.66 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 11.72% (Q1 2026), 23.25% (Q4 2025) and 12.05% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,076.25 Bn | 1,044.84 Bn | 19.71 Bn | 23.27% |
| 2 | Johnson & Johnson | 617.18 Bn | 535.70 Bn | 17.26 Bn | 17.98% |
| 3 | AbbVie | 464.58 Bn | 437.73 Bn | 12.70 Bn | 15.47% |
| 4 | Merck | 356.04 Bn | 310.47 Bn | 12.21 Bn | - |
| 5 | Novartis Ag | 269.07 Bn | 224.94 Bn | 11.24 Bn | - |
| 6 | Astrazeneca | 243.21 Bn | 216.77 Bn | 12.86 Bn | - |
| 7 | Amgen | 217.88 Bn | 173.28 Bn | 7.24 Bn | 14.20% |
| 8 | Gilead Sciences | 179.62 Bn | 153.74 Bn | 6.22 Bn | - |
| 9 | Pfizer | 158.45 Bn | 105.40 Bn | 10.94 Bn | - |
| 10 | Incyte | 23.17 Bn | 8.11 Bn | 1.57 Bn | 22.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.08% |
| Mar 31, 2026 | 11.72% |
| Dec 31, 2025 | 23.25% |
| Sep 30, 2025 | 12.05% |
| Jun 30, 2025 | 27.42% |
| Mar 31, 2025 | 32.45% |
| Dec 31, 2024 | 35.86% |
| Sep 30, 2024 | 31.99% |
| Mar 31, 2024 | 28.21% |
| Dec 31, 2023 | 25.79% |
| Sep 30, 2023 | 26.75% |
| Jun 30, 2023 | 26.68% |
| Mar 31, 2023 | 58.15% |
| Dec 31, 2022 | 64.70% |
| Sep 30, 2022 | 24.10% |
| Jun 30, 2022 | 29.62% |
| Mar 31, 2022 | 46.14% |
| Sep 30, 2021 | 13.24% |
| Jun 30, 2021 | 12.93% |
| Mar 31, 2021 | 22.79% |
API Access
Incyte 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=INCY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "INCY", "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=INCY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();