Innodata (INOD) Tax Rate (2010 - 2024)
Innodata (INOD) recorded quarterly Tax Rate of 51.93% in Q3 2024, down 150.29% quarter-over-quarter from 103.26% in Q2 2024, and down 10133.0% on a YoY basis from N/an in Q4 2023.
Innodata (INOD) Tax Rate (2010 - 2024) Analysis & Trends
Innodata's Tax Rate history runs 15 years deep, the most recent figure standing at 51.93% for Q3 2024.
- In Q3 2024, Tax Rate fell 10133.0% year-over-year to 51.93%; the TTM figure through Sep 2024 stood at 31.32% (down 5802.0% YoY), while the FY2023 annual figure was 938.13%, up 97057.0% from the prior year.
- Tax Rate was 51.93% for Q3 2024 at Innodata, down from 103.26% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 324.0% in Q1 2020 to a low of 70.38% in Q4 2021.
- Historically, Tax Rate has averaged 16.9% across 5 years, with a median of 11.5% in 2023.
- Biggest YoY gain for Tax Rate was 31815 bps in 2020; the steepest drop was 38468 bps in 2020.
- A 5-year view of Tax Rate shows it stood at 10.63% in 2020, then slumped by 562 bps to 70.38% in 2021, then surged by 100 bps to 0.25% in 2022, then surged by 10750 bps to 27.52% in 2023, then plunged by 289 bps to 51.93% in 2024.
- The last three Tax Rate figures came in at 51.93% (Q3 2024), 103.26% (Q2 2024), and 29.99% (Q1 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | 21.23% |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 12.40% |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | - |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 24.31% |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 23.99% |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 40.93% |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | 18.88% |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | 26.21% |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 21.91% |
| 10 | Innodata | 3.33 Bn | 3.21 Bn | 39.79 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | -51.93% |
| Sep 30, 2024 | -51.93% |
| Jun 30, 2024 | 103.26% |
| Jun 30, 2024 | 103.26% |
| Mar 31, 2024 | 29.99% |
| Mar 31, 2024 | 29.99% |
| Dec 31, 2023 | 27.52% |
| Dec 31, 2023 | 27.52% |
| Sep 30, 2023 | 49.41% |
| Sep 30, 2023 | 49.41% |
| Jun 30, 2023 | -29.98% |
| Jun 30, 2023 | -29.98% |
| Mar 31, 2023 | -11.50% |
| Mar 31, 2023 | -11.50% |
| Dec 31, 2022 | 0.25% |
| Dec 31, 2022 | 0.25% |
| Sep 30, 2022 | -8.76% |
| Sep 30, 2022 | -8.76% |
| Jun 30, 2022 | -16.76% |
| Jun 30, 2022 | -16.76% |