Legend Biotech (LEGN) Tax Rate (2019 - 2026)
Legend Biotech's (LEGN) quarterly Tax Rate came in at 2.23% in Q1 2026, down 42.0% YoY from 3.85% in Q1 2025, and down 241.48% on a QoQ basis from 1.58% in Q3 2025.
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Analysis
Legend Biotech (LEGN) Tax Rate (2019 - 2026) Analysis & Trends
Legend Biotech (LEGN) has 8 years of Tax Rate data on file, last reported at 2.23% in Q1 2026.
- Quarterly Tax Rate fell 42.0% year-over-year to 2.23% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.76% (up 973.0% YoY) and the FY2024 annual result came in at 11.95%, down 1232.0% from the prior year.
- Tax Rate eased to 2.23% in Q1 2026, from 1.58% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 58.04% in Q4 2024 to a low of 2.23% in Q1 2026.
- A 5-year average of 3.84% and a median of 0.13% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate sank 418 bps — and 2024, when it jumped 5684 bps.
- Tracing LEGN's Tax Rate over 5 years: stood at 0.09% in 2022, then soared by 1409 bps to 1.21% in 2023, then jumped by 4714 bps to 58.04% in 2024, then tumbled by 97 bps to 1.58% in 2025, then sank by 241 bps to 2.23% in 2026.
- The last three Tax Rate figures came in at 2.23% (Q1 2026), 1.58% (Q3 2025), and 0.47% (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.47 Bn | 130.62 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 85.18 Bn | 77.19 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 63.38 Bn | 58.19 Bn | 1.37 Bn | -10.89% |
| 4 | Moderna | 58.09 Bn | 52.95 Bn | 52.00 Mn | -1.96% |
| 5 | Revolution Medicines | 44.33 Bn | 44.33 Bn | - | - |
| 6 | BeOne Medicines | 40.02 Bn | 34.92 Bn | 1.53 Bn | 24.15% |
| 7 | Alnylam Pharmaceuticals | 35.57 Bn | 32.27 Bn | 992.69 Mn | 7.49% |
| 8 | Royalty Pharma | 28.45 Bn | 27.61 Bn | - | - |
| 9 | Insmed | 27.48 Bn | 26.32 Bn | 358.27 Mn | -16.71% |
| 10 | Legend Biotech | 3.97 Bn | 3.00 Bn | 251.50 Mn | -40.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -40.18% |
| Mar 31, 2026 | 2.26% |
| Dec 31, 2025 | 56.85% |
| Sep 30, 2025 | 1.58% |
| Jun 30, 2025 | 0.48% |
| Mar 31, 2025 | 1.81% |
| Dec 31, 2024 | -34.98% |
| Sep 30, 2024 | 3.67% |
| Jun 30, 2024 | 1.26% |
| Mar 31, 2024 | 0.01% |
| Dec 31, 2023 | -1.36% |
| Sep 30, 2023 | -0.46% |
| Jun 30, 2023 | 0.15% |
| Mar 31, 2023 | 0.11% |
| Dec 31, 2022 | 0.11% |
| Sep 30, 2022 | 0.18% |
| Jun 30, 2022 | 0.08% |
| Mar 31, 2022 | 0.51% |
| Dec 31, 2021 | -0.89% |
| Jun 30, 2021 | 0.00% |