Mesoblast (MESO) Tax Rate (2017 - 2023)

Mesoblast (MESO) posted Tax Rate of 0.18% for Q2 2023, down 26.16% sequentially from 0.25% in Q1 2023, and down 6.0% YoY from 0.19% in Q2 2022.

Mesoblast (MESO) Tax Rate (2017 - 2023) Analysis & Trends

Mesoblast has reported Tax Rate for 7 years, with the latest figure at 0.18% in Q2 2023.

Quarterly Tax Rate fell 6.0% year-over-year to 0.18% in Q2 2023, while the trailing twelve-month figure through Jun 2023 was 0.26% (changed 0.0% YoY) and the FY2025 annual result came in at 0.32%, down 54.0% from the prior year.
Tax Rate slipped to 0.18% in Q2 2023 per MESO's latest filing, from 0.25% in the prior quarter.
Over five years, Tax Rate peaked at 26.05% in Q3 2019 and troughed at 0.29% in Q4 2020.
A 5-year average of 4.54% and a median of 0.32% in 2021 frame the typical range for Tax Rate.
The sharpest annual moves came in 2019 and 2020: Tax Rate soared 2253 bps in 2019, then plunged 2316 bps in 2020.
Over 5 years, Tax Rate stood at 8.45% in 2019, then slumped by 103 bps to 0.29% in 2020, then surged by 206 bps to 0.31% in 2021, then retreated by 6 bps to 0.29% in 2022, then slumped by 37 bps to 0.18% in 2023.
According to Business Quant data, Tax Rate over the past three periods registered 0.18%, 0.25%, and 0.29% for Q2 2023, Q1 2023, and Q4 2022 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Vertex Pharmaceuticals	128.13 Bn	120.28 Bn	2.84 Bn	20.98%
2	Regeneron Pharmaceuticals	112.33 Bn	104.33 Bn	3.93 Bn	15.11%
3	Argenx Se	53.24 Bn	48.05 Bn	1.41 Bn	10.91%
4	Revolution Medicines	43.64 Bn	43.64 Bn	-	-
5	BeOne Medicines	39.27 Bn	34.17 Bn	1.53 Bn	24.15%
6	MindWalk Holdings	35.32 Bn	35.31 Bn	1.82 Bn	-9.47%
7	Royalty Pharma	33.72 Bn	35.84 Bn	-	-
8	Alnylam Pharmaceuticals	30.58 Bn	27.27 Bn	992.69 Mn	7.49%
9	Insmed	27.01 Bn	25.85 Bn	358.27 Mn	-16.71%
10	Mesoblast	2.01 Bn	1.87 Bn	-	-

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