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
DateValue
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%