Mitek Systems (MITK) Tax Rate (2010 - 2026)
Mitek Systems' (MITK) quarterly Tax Rate came in at 25.13% in Q1 2026, up 1603.0% year-on-year from 1.48% in Q1 2025, and down 30.94% quarter-over-quarter from 36.38% in Q4 2025.
Mitek Systems (MITK) Tax Rate (2010 - 2026) Analysis & Trends
Mitek Systems' Tax Rate history runs 17 years deep, the most recent figure standing at 25.13% for Q1 2026.
- On a quarterly basis, Tax Rate rose 1603.0% year-over-year to 25.13% in Q1 2026; TTM through Mar 2026 was 29.31%, a 3870.0% increase from a year earlier, with the FY2025 full-year figure at 24.23%, down 43638.0% from the prior year.
- Tax Rate fell to 25.13% in Q1 2026 per MITK's latest filing, from 36.38% in the prior quarter.
- Across five years, Tax Rate topped out at 235.85% in Q2 2024 and bottomed at 19.26% in Q3 2024.
- The 5-year median for Tax Rate is 28.09% (2022), against an average of 61.07%.
- Across the five-year window, Tax Rate surged 14499 bps in 2023 and slumped 21359 bps in 2025, its largest moves.
- Year by year, Tax Rate stood at 28.09% in 2022, then dropped by 18 bps to 23.14% in 2023, then sank by 74 bps to 6.11% in 2024, then jumped by 495 bps to 36.38% in 2025, then sank by 31 bps to 25.13% in 2026.
- Per Business Quant, the three latest MITK Tax Rate figures stand at 25.13% (Q1 2026), 36.38% (Q4 2025), and 42.75% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -29.13% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -18.42% |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 8.36% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 39.11% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 22.57% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 31.96% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 23.68% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 0.37% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 21.59% |
| 10 | Mitek Systems | 716.75 Mn | 639.16 Mn | 46.32 Mn | 25.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.13% |
| Mar 31, 2026 | 25.13% |
| Mar 31, 2026 | 25.13% |
| Dec 31, 2025 | 36.38% |
| Dec 31, 2025 | 36.38% |
| Dec 31, 2025 | 36.38% |
| Sep 30, 2025 | 42.75% |
| Sep 30, 2025 | 42.75% |
| Sep 30, 2025 | 42.75% |
| Jun 30, 2025 | 22.26% |
| Jun 30, 2025 | 22.26% |
| Jun 30, 2025 | 22.26% |
| Mar 31, 2025 | 9.10% |
| Mar 31, 2025 | 9.10% |
| Mar 31, 2025 | 9.10% |
| Dec 31, 2024 | 6.11% |
| Dec 31, 2024 | 6.11% |
| Dec 31, 2024 | 6.11% |
| Sep 30, 2024 | -19.26% |
| Sep 30, 2024 | -19.26% |