Innodata (INOD) Tax Rate (2010 - 2024)
Innodata's (INOD) quarterly Tax Rate came in at 51.93% in Q3 2024, down 10133.0% year-on-year from N/an in Q4 2023, and down 150.29% quarter-over-quarter from 103.26% in Q2 2024.
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.
- On a quarterly basis, Tax Rate fell 10133.0% year-over-year to 51.93% in Q3 2024; TTM through Sep 2024 was 31.32%, a 5802.0% decrease from a year earlier, with the FY2023 full-year figure at 938.13%, up 97057.0% from the prior year.
- Tax Rate slipped to 51.93% in Q3 2024 per INOD's latest filing, from 103.26% in the prior quarter.
- Across five years, Tax Rate topped out at 324.0% in Q1 2020 and bottomed at 54.87% in Q2 2020.
- The 5-year median for Tax Rate is 11.5% (2023), against an average of 19.97%.
- Biggest YoY gain for Tax Rate was 31815 bps in 2020; the steepest drop was 38798 bps in 2020.
- Year by year, Tax Rate stood at 9.5% in 2020, then slumped by 38 bps to 13.09% in 2021, then surged by 102 bps to 0.25% in 2022, then surged by 10750 bps to 27.52% in 2023, then slumped by 289 bps to 51.93% in 2024.
- Per Business Quant, the three latest INOD Tax Rate figures stand at 51.93% (Q3 2024), 103.26% (Q2 2024), and 29.99% (Q1 2024).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 12.63% |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 24.19% |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | -8.48% |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | 29.49% |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | 28.00% |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | 40.93% |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | 23.99% |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | -22.49% |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | 18.88% |
| 10 | Innodata | 2.15 Bn | 2.03 Bn | 39.79 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | -51.93% |
| Sep 30, 2024 | -51.93% |
| Sep 30, 2024 | -51.93% |
| Jun 30, 2024 | 103.26% |
| Jun 30, 2024 | 103.26% |
| Jun 30, 2024 | 103.26% |
| Mar 31, 2024 | 29.99% |
| Mar 31, 2024 | 29.99% |
| Mar 31, 2024 | 29.99% |
| Dec 31, 2023 | 27.52% |
| Dec 31, 2023 | 27.52% |
| Dec 31, 2023 | 27.52% |
| Sep 30, 2023 | 49.41% |
| Sep 30, 2023 | 49.41% |
| Sep 30, 2023 | 49.41% |
| Jun 30, 2023 | -29.98% |
| Jun 30, 2023 | -29.98% |
| Jun 30, 2023 | -29.98% |
| Mar 31, 2023 | -11.50% |
| Mar 31, 2023 | -11.50% |