Mitek Systems (MITK) Tax Rate (2010 - 2026)
Mitek Systems (MITK) recorded quarterly Tax Rate of 25.13% in Q1 2026, down 30.94% quarter-over-quarter from 36.38% in Q4 2025, and up 1619.0% on a YoY basis from 1.46% in Q1 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.
- In Q1 2026, Tax Rate rose 1619.0% year-over-year to 25.13%; the TTM figure through Mar 2026 stood at 29.66% (up 3925.0% YoY), while the FY2025 annual figure was 24.23%, down 43638.0% from the prior year.
- Tax Rate was 25.13% for Q1 2026 at Mitek Systems, down from 36.38% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 251.57% in Q2 2024 to a low of 19.04% in Q3 2024.
- Historically, Tax Rate has averaged 61.79% across 5 years, with a median of 28.09% in 2022.
- The sharpest annual moves came in 2024 and 2025: Tax Rate soared 14204 bps in 2024, then sank 22776 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 28.09% in 2022, then declined by 20 bps to 22.56% in 2023, then tumbled by 73 bps to 6.11% in 2024, then jumped by 495 bps to 36.38% in 2025, then tumbled by 31 bps to 25.13% in 2026.
- The last three Tax Rate figures came in at 25.13% (Q1 2026), 36.38% (Q4 2025), and 43.72% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | - |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -18.42% |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 39.11% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 8.36% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 22.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 21.59% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 30.31% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 23.68% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 23.50% |
| 10 | Mitek Systems | 769.00 Mn | 691.42 Mn | 45.24 Mn | 25.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.13% |
| Mar 31, 2026 | 25.13% |
| Dec 31, 2025 | 36.38% |
| Dec 31, 2025 | 36.38% |
| Sep 30, 2025 | 43.72% |
| Sep 30, 2025 | 43.72% |
| Jun 30, 2025 | 23.82% |
| Jun 30, 2025 | 23.82% |
| Mar 31, 2025 | 8.94% |
| Mar 31, 2025 | 8.94% |
| Dec 31, 2024 | 6.11% |
| Dec 31, 2024 | 6.11% |
| Sep 30, 2024 | -19.04% |
| Sep 30, 2024 | -19.04% |
| Jun 30, 2024 | 251.57% |
| Jun 30, 2024 | 251.57% |
| Mar 31, 2024 | 167.95% |
| Mar 31, 2024 | 167.95% |
| Dec 31, 2023 | 22.56% |
| Dec 31, 2023 | 22.56% |