Open Lending (LPRO) Tax Rate (2019 - 2026)
Open Lending's (LPRO) quarterly Tax Rate came in at 2.13% in Q1 2026, down 1273.0% year-over-year from 0.18% in Q1 2025, and up 100.73% quarter-over-quarter from 292.07% in Q4 2025.
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Analysis
Open Lending (LPRO) Tax Rate (2019 - 2026) Analysis & Trends
Open Lending has disclosed Tax Rate across 8 years of filings, most recently posting 2.13% for Q1 2026.
- In Q1 2026, Tax Rate fell 1273.0% year-over-year to 2.13%; the TTM figure through Mar 2026 stood at 18.11% (up 11333.0% YoY), while the FY2025 annual figure was 21.1%, up 13008.0% from the prior year.
- Tax Rate came in at 2.13% for Q1 2026 at Open Lending, up from 292.07% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 202.07% in Q4 2022 to a low of 292.07% in Q4 2025.
- Average Tax Rate over 5 years is 8.0%, with a median of 26.41% recorded in 2022.
- Year-over-year, Tax Rate soared 18207 bps in 2022 and tumbled 20835 bps in 2025.
- Over 5 years, Tax Rate stood at 202.07% in 2022, then plunged by 81 bps to 39.18% in 2023, then plunged by 314 bps to 83.73% in 2024, then plunged by 249 bps to 292.07% in 2025, then surged by 101 bps to 2.13% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 2.13% in Q1 2026, 292.07% in Q4 2025, and 0.21% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn | 3.58% |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn | -2.64% |
| 3 | Qfin Holdings | 986.27 Mn | -9.51 Mn | - | -63.26% |
| 4 | FinVolution | 836.54 Mn | -90.46 Mn | - | -21.42% |
| 5 | X Financial | 386.17 Mn | -182.14 Mn | 84.09 Mn | -24.80% |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | 2.13% |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn | -8.78% |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn | -34.54% |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - | -16.10% |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn | -0.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 2.13% |
| Dec 31, 2025 | -292.07% |
| Sep 30, 2025 | 0.21% |
| Jun 30, 2025 | 8.98% |
| Mar 31, 2025 | 14.86% |
| Dec 31, 2024 | -83.73% |
| Sep 30, 2024 | 32.94% |
| Jun 30, 2024 | 33.13% |
| Mar 31, 2024 | 32.39% |
| Dec 31, 2023 | 39.18% |
| Sep 30, 2023 | 33.78% |
| Jun 30, 2023 | 26.69% |
| Mar 31, 2023 | 25.25% |
| Dec 31, 2022 | 202.07% |
| Sep 30, 2022 | 6.61% |
| Jun 30, 2022 | 27.12% |
| Mar 31, 2022 | 26.41% |
| Dec 31, 2021 | 20.01% |
| Sep 30, 2021 | 26.13% |
| Jun 30, 2021 | 23.48% |