Mitek Systems (MITK) Tax Rate (2011 - 2026)
Mitek Systems (MITK) recorded Tax Rate of 25.09% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 1.28 percentage points from 23.82% a year earlier but down 0.03 percentage points from the prior quarter.
Mitek Systems (MITK) Tax Rate (2011 - 2026) Analysis & Trends
On a TTM basis, Mitek Systems' Tax Rate came in at 28.61% as of Jun 30, 2026, up 28.64 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 24.23%, down 436.38 percentage points from FY2024.
- Annual Tax Rate has a five-year change of +7.28 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Tax Rate came in at 460.62% in FY2024 (+438.24 pp), 22.38% in FY2023 (+24.93 pp), -2.55% in FY2022 (-11.92 pp) and 9.36% in FY2021 (-7.59 pp).
- Quarterly Tax Rate has ranged from -19.04% in fiscal Q4 2024 to 251.57% in fiscal Q3 2024 over the past five years.
- On a year-over-year basis, Tax Rate has increased for four consecutive quarters, with an average year-over-year change of -46.62 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 144.99 percentage points in fiscal Q3 2023, against a drop of 227.76 percentage points in fiscal Q3 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 25.13% (Q2 2026), 36.97% (Q1 2026) and 42.75% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | - |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 15.97% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | - |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 13.92% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 9.97% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 7.94% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 31.08% |
| 10 | Mitek Systems | 776.80 Mn | 216.42 Mn | 45.86 Mn | 25.09% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.09% |
| Mar 31, 2026 | 25.13% |
| Dec 31, 2025 | 36.97% |
| Sep 30, 2025 | 42.75% |
| Jun 30, 2025 | 23.82% |
| Mar 31, 2025 | 9.10% |
| Jun 30, 2023 | 225.35% |
| Mar 31, 2023 | 25.91% |
| Dec 31, 2022 | 28.09% |
| Sep 30, 2022 | 73.60% |
| Sep 30, 2021 | 26.06% |
| Jun 30, 2021 | 9.24% |
| Mar 31, 2021 | 29.04% |
| Sep 30, 2020 | 18.51% |
| Jun 30, 2020 | 14.63% |
| Mar 31, 2020 | 17.15% |
| Dec 31, 2019 | 6.82% |
| Sep 30, 2019 | 32.73% |
| Jun 30, 2017 | 2.69% |
| Mar 31, 2017 | 5.73% |
Mitek Systems Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MITK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MITK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MITK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();