Insmed (INSM) Tax Rate (2010 - 2026)

Insmed (INSM) recorded quarterly Tax Rate of 0.9% in Q1 2026, down 90.51% quarter-over-quarter from 0.47% in Q4 2025, and down 55.0% on a YoY basis from 2.01% in Q1 2025.

Insmed (INSM) Tax Rate (2010 - 2026) Analysis & Trends

Insmed's Tax Rate history runs 16 years deep, the most recent figure standing at 0.9% for Q1 2026.

  • In Q1 2026, Tax Rate fell 55.0% year-over-year to 0.9%; the TTM figure through Mar 2026 stood at 0.47% (down 7.0% YoY), while the FY2025 annual figure was 0.4%, up 1.0% from the prior year.
  • Tax Rate was 0.9% for Q1 2026 at Insmed, down from 0.47% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 0.05% in Q4 2022 to a low of 0.9% in Q1 2026.
  • Historically, Tax Rate has averaged 0.4% across 5 years, with a median of 0.38% in 2024.
  • The sharpest annual moves came in 2022 and 2023: Tax Rate slumped 254 bps in 2022, then surged 31 bps in 2023.
  • A 5-year view of Tax Rate shows it stood at 0.05% in 2022, then tumbled by 942 bps to 0.54% in 2023, then slipped by 3 bps to 0.55% in 2024, then advanced by 15 bps to 0.47% in 2025, then sank by 91 bps to 0.9% in 2026.
  • The last three Tax Rate figures came in at 0.9% (Q1 2026), 0.47% (Q4 2025), and 0.35% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Alterity Therapeutics 788,338.31 Bn 788,338.28 Bn - -
2 Belite Bio 56,560.00 Bn 56,560.00 Bn - -
3 Quantum Biopharma 17,329.30 Bn 17,329.30 Bn - -
4 Legend Biotech 3,341.00 Bn 3,340.71 Bn 242.10 Mn -57.14%
5 Akari Therapeutics 1,727.91 Bn 1,727.91 Bn - 5.61%
6 Evaxion A 1,536.68 Bn 1,536.67 Bn - -6.79%
7 Psyence Biomedical 238.34 Bn 238.33 Bn - -
8 Vertex Pharmaceuticals 113.42 Bn 106.17 Bn 2.59 Bn 17.68%
9 Abivax 95.45 Bn 95.45 Bn - -
10 Insmed 21.32 Bn 20.09 Bn 258.54 Mn -0.90%

Historic Data

Download Data
DateValue
Mar 31, 2026 -0.90%
Mar 31, 2026 -0.90%
Dec 31, 2025 -0.47%
Dec 31, 2025 -0.47%
Sep 30, 2025 -0.35%
Sep 30, 2025 -0.35%
Jun 30, 2025 -0.39%
Jun 30, 2025 -0.39%
Mar 31, 2025 -0.35%
Mar 31, 2025 -0.35%
Dec 31, 2024 -0.55%
Dec 31, 2024 -0.55%
Sep 30, 2024 -0.46%
Sep 30, 2024 -0.46%
Jun 30, 2024 -0.28%
Jun 30, 2024 -0.28%
Mar 31, 2024 -0.38%
Mar 31, 2024 -0.38%
Dec 31, 2023 -0.54%
Dec 31, 2023 -0.54%