Innovex International (INVX) Tax Rate (2009 - 2026)
Innovex International (INVX) reported Tax Rate of 29.30% for Q2 2026, down 1.69 percentage points from 30.99% a year earlier but up 6.51 percentage points from the prior quarter.
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Analysis
Innovex International (INVX) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Innovex International's Tax Rate came in at 37.66%, up 33.32 percentage points year-over-year; for FY2025, it came in at 35.19%, up 33.44 percentage points from FY2024.
- Tax Rate has a five-year change of -15.22 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 1.75% in FY2024 (-19.91 pp), 21.66% in FY2023 (+8.36 pp), 13.30% in FY2022 (+15.65 pp) and -2.35% in FY2021 (-52.76 pp).
- Five-year quarterly Tax Rate spans a low of -64.24% in Q1 2022 and a high of 61.06% in Q1 2023.
- Year over year, Tax Rate gained in three of the last eight quarters, with an average year-over-year change of +2.78 percentage points.
- The high point for year-over-year Tax Rate in five years was Q1 2023 (a gain of 125.30 percentage points); the low point was Q3 2021 (a drop of 860.33 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 22.80% (Q1 2026), 48.20% (Q4 2025) and 32.32% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.31 Bn | 69.42 Bn | 1.40 Bn | 20.02% |
| 2 | Baker Hughes | 54.50 Bn | 17.77 Bn | 1.58 Bn | 23.54% |
| 3 | TechnipFMC | 26.69 Bn | 22.84 Bn | 684.70 Mn | 23.96% |
| 4 | Halliburton | 26.49 Bn | 18.25 Bn | 804.00 Mn | 18.98% |
| 5 | Nov | 6.70 Bn | 1.49 Bn | 521.00 Mn | 26.11% |
| 6 | Noble | 6.66 Bn | 4.59 Bn | 239.27 Mn | - |
| 7 | Transocean | 5.85 Bn | 3.56 Bn | 358.00 Mn | 7.61% |
| 8 | Weatherford International | 5.65 Bn | 1.58 Bn | 333.00 Mn | 44.00% |
| 9 | Valaris | 5.44 Bn | 3.06 Bn | 123.70 Mn | 41.69% |
| 10 | Innovex International | 1.86 Bn | 1.07 Bn | 83.65 Mn | 29.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.30% |
| Dec 31, 2025 | 48.20% |
| Sep 30, 2025 | 32.32% |
| Jun 30, 2025 | 30.99% |
| Mar 31, 2025 | 30.93% |
| Jun 30, 2024 | 31.21% |
| Mar 31, 2024 | 23.78% |
| Dec 31, 2023 | 21.45% |
| Sep 30, 2023 | 33.90% |
| Jun 30, 2023 | 37.64% |
| Mar 31, 2023 | 61.06% |
| Dec 31, 2022 | 6.71% |
| Sep 30, 2019 | 162.32% |
| Jun 30, 2019 | 64.98% |
| Sep 30, 2016 | 20.37% |
| Jun 30, 2016 | 21.01% |
| Mar 31, 2016 | 26.20% |
| Dec 31, 2015 | 20.33% |
| Sep 30, 2015 | 21.39% |
| Jun 30, 2015 | 25.65% |
API Access
Innovex International Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=INVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "INVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=INVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();