Innodata (INOD) Tax Rate (2010 - 2024)
Innodata (INOD) posted Tax Rate of 51.93% for Q3 2024, down 150.29% on a QoQ basis from 103.26% in Q2 2024, and down 10133.0% year-over-year from N/an in Q4 2023.
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Analysis
Innodata (INOD) Tax Rate (2010 - 2024) Analysis & Trends
Innodata has reported Tax Rate for 15 years, with the latest figure at 51.93% in 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 27.83%, a 105.0% increase from a year earlier, with the FY2023 full-year figure at 64.4%, up 7891.0% from the prior year.
- Tax Rate was 51.93% for Q3 2024 at Innodata, down from 103.26% in the prior quarter.
- The five-year high for Tax Rate was 324.0% in Q1 2020, with the low at 63.2% in Q3 2021.
- Average Tax Rate over 5 years is 18.99%, with a median of 13.24% recorded in 2022.
- The largest YoY upside for Tax Rate was 31815 bps in 2020 against a maximum downside of 52464 bps in 2020.
- Over 5 years, Tax Rate stood at 47.51% in 2020, then plunged by 146 bps to 21.75% in 2021, then surged by 39 bps to 13.24% in 2022, then surged by 204 bps to 13.83% in 2023, then tumbled by 476 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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn | 29.49% |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn | 26.40% |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - | 26.62% |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn | 26.73% |
| 5 | Science Applications International | 5.46 Bn | 5.34 Bn | 239.00 Mn | 14.29% |
| 6 | ExlService Holdings | 5.28 Bn | 5.00 Bn | 225.96 Mn | 23.14% |
| 7 | Kyndryl Holdings | 2.79 Bn | 680.69 Mn | 776.00 Mn | 20.29% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 21.30% |
| 9 | DXC Technology | 1.80 Bn | -204.47 Mn | 611.00 Mn | 47.72% |
| 10 | Innodata | 1.78 Bn | 1.53 Bn | 42.46 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | -51.93% |
| Jun 30, 2024 | 103.26% |
| Mar 31, 2024 | 29.99% |
| Dec 31, 2023 | 13.83% |
| Sep 30, 2023 | 49.41% |
| Jun 30, 2023 | -29.98% |
| Mar 31, 2023 | -11.50% |
| Dec 31, 2022 | -13.24% |
| Sep 30, 2022 | -8.76% |
| Jun 30, 2022 | -16.76% |
| Mar 31, 2022 | -19.67% |
| Dec 31, 2021 | -21.75% |
| Sep 30, 2021 | -63.20% |
| Jun 30, 2021 | 155.08% |
| Mar 31, 2021 | -21.73% |
| Dec 31, 2020 | 47.51% |
| Sep 30, 2020 | -48.95% |
| Jun 30, 2020 | -54.87% |
| Mar 31, 2020 | 324.00% |
| Dec 31, 2019 | 572.15% |