Insmed (INSM) Tax Rate (2010 - 2026)
Insmed's (INSM) quarterly Tax Rate came in at 0.93% in Q1 2026, down 57.0% year-on-year from 2.15% in Q1 2025, and down 101.69% quarter-over-quarter from 0.46% in Q4 2025.
Insmed (INSM) Tax Rate (2010 - 2026) Analysis & Trends
Insmed's Tax Rate history runs 16 years deep, the most recent figure standing at 0.93% for Q1 2026.
- On a quarterly basis, Tax Rate fell 57.0% year-over-year to 0.93% in Q1 2026; TTM through Mar 2026 was 0.47%, a 7.0% decrease from a year earlier, with the FY2025 full-year figure at 0.39%, up 1.0% from the prior year.
- Tax Rate fell to 0.93% in Q1 2026 per INSM's latest filing, from 0.46% in the prior quarter.
- Across five years, Tax Rate topped out at 0.08% in Q4 2022 and bottomed at 0.93% in Q1 2026.
- The 5-year median for Tax Rate is 0.38% (2024), against an average of 0.4%.
- Across the five-year window, Tax Rate sank 252 bps in 2022 and surged 32 bps in 2023, its largest moves.
- Year by year, Tax Rate stood at 0.08% in 2022, then sank by 592 bps to 0.54% in 2023, then dropped by 3 bps to 0.56% in 2024, then grew by 18 bps to 0.46% in 2025, then tumbled by 102 bps to 0.93% in 2026.
- Per Business Quant, the three latest INSM Tax Rate figures stand at 0.93% (Q1 2026), 0.46% (Q4 2025), and 0.35% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -0.34 |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 5.61 |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 12.29 |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 17.68 |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 12.51 |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | - |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -13.70 |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | - |
| 10 | Insmed | 23.02 Bn | 21.80 Bn | 258.54 Mn | -0.93 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.93% |
| Mar 31, 2026 | -0.93% |
| Mar 31, 2026 | -0.93% |
| Dec 31, 2025 | -0.46% |
| Dec 31, 2025 | -0.46% |
| Dec 31, 2025 | -0.46% |
| Sep 30, 2025 | -0.35% |
| Sep 30, 2025 | -0.35% |
| Sep 30, 2025 | -0.35% |
| Jun 30, 2025 | -0.39% |
| Jun 30, 2025 | -0.39% |
| Jun 30, 2025 | -0.39% |
| Mar 31, 2025 | -0.35% |
| Mar 31, 2025 | -0.35% |
| Mar 31, 2025 | -0.35% |
| Dec 31, 2024 | -0.56% |
| Dec 31, 2024 | -0.56% |
| Dec 31, 2024 | -0.56% |
| Sep 30, 2024 | -0.46% |
| Sep 30, 2024 | -0.46% |