Insmed (INSM) Tax Rate (2010 - 2026)
Insmed (INSM) posted quarterly Tax Rate of 0.93% for Q1 2026, down 57.0% year-over-year from 2.15% in Q1 2025, and down 101.69% quarter-over-quarter from 0.46% in Q4 2025.
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Analysis
Insmed (INSM) Tax Rate (2010 - 2026) Analysis & Trends
Insmed's Tax Rate history runs 16 years deep, the most recent figure standing at 0.93% for Q1 2026.
- In Q1 2026, Tax Rate fell 57.0% year-over-year to 0.93%; the TTM figure through Mar 2026 stood at 0.47% (down 7.0% YoY), while the FY2025 annual figure was 0.39%, up 1.0% from the prior year.
- Tax Rate for Q1 2026 stood at 0.93%, down from 0.46% in the prior quarter.
- The five-year high for Tax Rate was 0.08% in Q4 2022, with the low at 0.93% in Q1 2026.
- The 5-year median for Tax Rate is 0.38% (2024), against an average of 0.4%.
- The sharpest annual moves came in 2022 and 2023: Tax Rate plunged 252 bps in 2022, then surged 32 bps in 2023.
- Insmed's Tax Rate stood at 0.08% in 2022, then slumped by 592 bps to 0.54% in 2023, then slipped by 3 bps to 0.56% in 2024, then climbed by 18 bps to 0.46% in 2025, then plunged by 102 bps to 0.93% in 2026.
- Business Quant data shows INSM's Tax Rate at 0.93% in Q1 2026, 0.46% in Q4 2025, and 0.35% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 140.22 Bn | 132.37 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 86.04 Bn | 78.05 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 63.70 Bn | 58.52 Bn | 1.37 Bn | -10.89% |
| 4 | Moderna | 57.56 Bn | 52.42 Bn | 52.00 Mn | -1.96% |
| 5 | Revolution Medicines | 44.05 Bn | 44.05 Bn | - | - |
| 6 | BeOne Medicines | 40.16 Bn | 35.06 Bn | 1.53 Bn | 24.15% |
| 7 | Alnylam Pharmaceuticals | 35.63 Bn | 32.32 Bn | 992.69 Mn | 7.49% |
| 8 | Royalty Pharma | 28.63 Bn | 27.79 Bn | - | - |
| 9 | Insmed | 27.73 Bn | 26.57 Bn | 358.27 Mn | -16.71% |
| 10 | Incyte | 25.60 Bn | 21.07 Bn | 1.57 Bn | 22.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -16.71% |
| Mar 31, 2026 | -0.93% |
| Dec 31, 2025 | -0.47% |
| Sep 30, 2025 | -0.36% |
| Jun 30, 2025 | -0.39% |
| Mar 31, 2025 | -0.36% |
| Dec 31, 2024 | -0.54% |
| Sep 30, 2024 | -0.46% |
| Jun 30, 2024 | -0.28% |
| Mar 31, 2024 | -0.38% |
| Dec 31, 2023 | -0.54% |
| Sep 30, 2023 | -0.34% |
| Jun 30, 2023 | -0.22% |
| Mar 31, 2023 | -0.31% |
| Dec 31, 2022 | -0.06% |
| Sep 30, 2022 | -0.31% |
| Jun 30, 2022 | -0.53% |
| Mar 31, 2022 | -0.42% |
| Dec 31, 2021 | 0.07% |
| Sep 30, 2021 | 2.26% |