Mesoblast (MESO) Tax Rate (2016 - 2023)
Mesoblast recorded quarterly Tax Rate of 1.75% in Q2 2023, up 808.84% quarter-over-quarter from 0.25% in Q1 2023, and down 23.0% year-over-year from 2.27% in Q2 2022.
Mesoblast's Tax Rate history runs 8 years deep, the most recent figure standing at 1.75% for Q2 2023.
- In Q2 2023, Tax Rate fell 23.0% year-over-year to 1.75%; the TTM figure through Jun 2023 stood at 0.26% (changed 0.0% YoY), while the FY2025 annual figure was 0.32%, down 54.0% from the prior year.
- Tax Rate came in at 1.75% for Q2 2023 at Mesoblast, up from 0.25% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 43.42% in Q2 2020 to a low of 26.05% in Q3 2019.
- A 5-year average of 0.98% and a median of 0.3% in 2021 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate jumped 5671 bps in 2020 and plunged 3631 bps in 2021, its largest moves.
- Mesoblast's Tax Rate stood at 8.45% in 2019, then jumped by 103 bps to 0.29% in 2020, then slumped by 206 bps to 0.31% in 2021, then rose by 6 bps to 0.29% in 2022, then jumped by 705 bps to 1.75% in 2023.
- According to Business Quant data, Tax Rate over the past three periods registered 1.75%, 0.25%, and 0.29% for Q2 2023, Q1 2023, and Q4 2022 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Quantum Biopharma | 1,216,509.61 Bn | 1,216,509.61 Bn | - | - |
| 2 | Alterity Therapeutics | 764,224.41 Bn | 764,224.38 Bn | - | - |
| 3 | Legend Biotech | 2,716.00 Bn | 2,715.71 Bn | 242.10 Mn | 57.14 |
| 4 | Nanobiotix | 2,248.83 Bn | 2,248.77 Bn | - | - |
| 5 | Akari Therapeutics | 1,951.18 Bn | 1,951.17 Bn | - | 5.61 |
| 6 | Vertex Pharmaceuticals | 113.69 Bn | 106.44 Bn | 2.59 Bn | 17.68 |
| 7 | Evaxion A | 64.16 Bn | 64.14 Bn | - | -6.79 |
| 8 | Regeneron Pharmaceuticals | 63.94 Bn | 55.18 Bn | 3.31 Bn | 12.51 |
| 9 | Alnylam Pharmaceuticals | 40.13 Bn | 37.12 Bn | 959.66 Mn | 7.07 |
| 10 | Mesoblast | 23.40 Bn | 23.27 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 1.75 |
| Jun 30, 2023 | 1.75 |
| Mar 31, 2023 | -0.25 |
| Mar 31, 2023 | -0.25 |
| Dec 31, 2022 | -0.29 |
| Dec 31, 2022 | -0.29 |
| Sep 30, 2022 | -0.32 |
| Sep 30, 2022 | -0.32 |
| Jun 30, 2022 | 1.98 |
| Jun 30, 2022 | 1.98 |
| Mar 31, 2022 | -0.21 |
| Mar 31, 2022 | -0.21 |
| Dec 31, 2021 | -0.31 |
| Dec 31, 2021 | -0.31 |
| Sep 30, 2021 | -0.27 |
| Sep 30, 2021 | -0.27 |
| Jun 30, 2021 | 7.11 |
| Jun 30, 2021 | 7.11 |
| Mar 31, 2021 | -0.37 |
| Mar 31, 2021 | -0.37 |
| Dec 31, 2020 | 0.29 |
| Dec 31, 2020 | 0.29 |
| Sep 30, 2020 | -2.89 |
| Sep 30, 2020 | -2.89 |
| Jun 30, 2020 | 43.42 |
| Jun 30, 2020 | 43.42 |
| Mar 31, 2020 | -11.35 |
| Mar 31, 2020 | -11.35 |
| Dec 31, 2019 | -8.45 |
| Dec 31, 2019 | -8.45 |
| Sep 30, 2019 | -26.05 |
| Sep 30, 2019 | -26.05 |
| Jun 30, 2019 | -13.29 |
| Jun 30, 2019 | -13.29 |
| Mar 31, 2019 | -8.11 |
| Mar 31, 2019 | -8.11 |
| Dec 31, 2018 | -10.43 |
| Dec 31, 2018 | -10.43 |
| Sep 30, 2018 | -3.52 |
| Sep 30, 2018 | -3.52 |
| Jun 30, 2018 | -4.67 |
| Jun 30, 2018 | -4.67 |
| Mar 31, 2018 | -13.95 |
| Mar 31, 2018 | -13.95 |
| Dec 31, 2017 | -242.16 |
| Dec 31, 2017 | -242.16 |
| Sep 30, 2017 | -29.21 |
| Sep 30, 2017 | -29.21 |
| Jun 30, 2017 | -13.04 |
| Jun 30, 2017 | -13.04 |
| Mar 31, 2017 | -24.02 |
| Mar 31, 2017 | -24.02 |
| Dec 31, 2016 | -13.49 |
| Dec 31, 2016 | -13.49 |
| Sep 30, 2016 | -13.56 |
| Sep 30, 2016 | -13.56 |
| Jun 30, 2016 | -241.15 |
| Jun 30, 2016 | -241.15 |