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.
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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 | 52.03 Bn | 38.53 Bn | 1.60 Bn | 29.49% |
| 2 | Cognizant Technology Solutions | 31.75 Bn | 24.91 Bn | 1.83 Bn | 26.40% |
| 3 | Wipro | 21.48 Bn | 16.18 Bn | 738.00 Mn | - |
| 4 | Cdw | 19.70 Bn | 17.69 Bn | 1.32 Bn | 26.55% |
| 5 | Td Synnex | 19.65 Bn | 13.81 Bn | 1.43 Bn | 25.04% |
| 6 | Cgi | 17.59 Bn | 15.39 Bn | - | 26.62% |
| 7 | Arrow Electronics | 11.05 Bn | 10.00 Bn | 1.13 Bn | 22.74% |
| 8 | Avnet | 7.49 Bn | 6.67 Bn | 865.03 Mn | 20.97% |
| 9 | EPAM Systems | 6.82 Bn | 2.46 Bn | 429.57 Mn | 26.73% |
| 10 | Innodata | 1.84 Bn | 1.31 Bn | 42.46 Mn | 17.90% |
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();