Innodata (INOD) Tax Rate (2010 - 2026)
Innodata (INOD) recorded Tax Rate of -51.93% in Q3 2024, down 101.33 percentage points from 49.41% a year earlier and down 155.19 percentage points from the prior quarter.
Powered by 
Analysis
Innodata (INOD) Tax Rate (2010 - 2026) Analysis & Trends
On a TTM basis, Innodata's Tax Rate came in at -33.16% as of Sep 30, 2024, down 4.28 percentage points year-over-year; for FY2023, it was 739.57%, up 754.09 percentage points from FY2022.
- Annual Tax Rate has a five-year change of +623.82 percentage points (FY2018 to FY2023).
- Across earlier years, Tax Rate came in at -14.52% in FY2022 (+72.92 pp), -87.44% in FY2021 (-125.81 pp), 38.37% in FY2020 (+140.53 pp) and -102.15% in FY2019 (-217.90 pp).
- The Q3 2024 figure is the lowest quarterly Tax Rate since Q3 2021.
- On a year-over-year basis, Tax Rate rose in six of the last eight quarters, with an average year-over-year change of +20.16 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 318.15 percentage points in Q1 2020, against a drop of 383.55 percentage points in Q4 2020 at the low end.
- Per Business Quant, the preceding three quarters came in at 103.26% (Q2 2024), 29.99% (Q1 2024) and 13.03% (Q4 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 50.81 Bn | 42.20 Bn | - | - |
| 2 | Cognizant Technology Solutions | 28.52 Bn | 22.49 Bn | 1.91 Bn | 27.46% |
| 3 | Cdw | 20.95 Bn | 17.85 Bn | 1.39 Bn | 26.92% |
| 4 | Td Synnex | 18.62 Bn | 12.78 Bn | 1.43 Bn | 25.04% |
| 5 | Arrow Electronics | 10.10 Bn | 9.05 Bn | 1.13 Bn | 22.74% |
| 6 | EPAM Systems | 7.92 Bn | 3.84 Bn | 445.94 Mn | 26.10% |
| 7 | Avnet | 7.12 Bn | 6.30 Bn | 865.03 Mn | 20.97% |
| 8 | ExlService Holdings | 6.52 Bn | 5.32 Bn | 241.14 Mn | 20.70% |
| 9 | Science Applications International | 6.35 Bn | 5.89 Bn | 239.00 Mn | 14.29% |
| 10 | Innodata | 1.24 Bn | 623.11 Mn | 35.54 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.90% |
| Mar 31, 2026 | 14.09% |
| Dec 31, 2025 | 22.24% |
| Sep 30, 2025 | 31.51% |
| Jun 30, 2025 | 23.91% |
| Mar 31, 2025 | 7.29% |
| Dec 31, 2024 | 9.21% |
| Jun 30, 2024 | 103.26% |
| Mar 31, 2024 | 29.99% |
| Dec 31, 2023 | 13.03% |
| Sep 30, 2023 | 49.41% |
| Jun 30, 2021 | 155.08% |
| Mar 31, 2020 | 324.00% |
| Dec 31, 2019 | 374.05% |
| Dec 31, 2018 | 291.43% |
| Sep 30, 2018 | 43.03% |
| Mar 31, 2018 | 190.20% |
| Mar 31, 2016 | 126.65% |
| Sep 30, 2015 | 62.77% |
| Sep 30, 2012 | 13.60% |
API Access
Innodata 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=INOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "INOD", "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=INOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();