Mitek Systems (MITK) Tax Rate (2010 - 2026)
Mitek Systems (MITK) posted Tax Rate of 25.09% for Q2 2026, little changed on a QoQ basis from 25.13% in Q1 2026, and up 128.0% year-over-year from 11.01% in Q2 2025.
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Analysis
Mitek Systems (MITK) Tax Rate (2010 - 2026) Analysis & Trends
Mitek Systems has reported Tax Rate for 17 years, with the latest figure at 25.09% in Q2 2026.
- On a quarterly basis, Tax Rate rose 128.0% year-over-year to 25.09% in Q2 2026; TTM through Jun 2026 was 28.61%, a 2864.0% increase from a year earlier, with the FY2025 full-year figure at 24.23%, down 43638.0% from the prior year.
- Tax Rate was 25.09% for Q2 2026 at Mitek Systems, roughly flat from 25.13% in the prior quarter.
- The five-year high for Tax Rate was 251.57% in Q2 2024, with the low at 19.04% in Q3 2024.
- Average Tax Rate over 5 years is 60.07%, with a median of 27.0% recorded in 2022.
- The sharpest annual moves came in 2023 and 2025: Tax Rate jumped 14499 bps in 2023, then plunged 22776 bps in 2025.
- Over 5 years, Tax Rate stood at 28.09% in 2022, then declined by 18 bps to 23.14% in 2023, then slumped by 74 bps to 6.11% in 2024, then surged by 505 bps to 36.97% in 2025, then sank by 32 bps to 25.09% in 2026.
- The last three Tax Rate figures came in at 25.09% (Q2 2026), 25.13% (Q1 2026), and 36.97% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Okta | 28.51 Bn | 26.21 Bn | 641.00 Mn | 7.94% |
| 2 | SailPoint | 10.67 Bn | 10.28 Bn | 181.11 Mn | 6.71% |
| 3 | Clear Secure | 5.97 Bn | 5.05 Bn | 276.82 Mn | 20.85% |
| 4 | First Advantage | 3.67 Bn | 3.43 Bn | 203.99 Mn | 32.50% |
| 5 | Cyberloq Technologies | 3.41 Bn | 3.41 Bn | - | - |
| 6 | Red Violet | 1.07 Bn | 1.02 Bn | 22.90 Mn | 23.56% |
| 7 | Mitek Systems | 837.70 Mn | 737.99 Mn | 45.92 Mn | 25.09% |
| 8 | OneSpan | 614.28 Mn | 570.94 Mn | 44.48 Mn | 21.46% |
| 9 | Intellicheck | 56.51 Mn | 44.67 Mn | 5.42 Mn | - |
| 10 | Aware | 27.56 Mn | 24.66 Mn | 2.73 Mn | -0.04% |
Historic Data
Download Data
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% |
| Dec 31, 2024 | 6.11% |
| Sep 30, 2024 | -19.04% |
| Jun 30, 2024 | 251.57% |
| Mar 31, 2024 | 168.67% |
| Dec 31, 2023 | 23.14% |
| Sep 30, 2023 | 59.52% |
| Jun 30, 2023 | 225.35% |
| Mar 31, 2023 | 25.91% |
| Dec 31, 2022 | 28.09% |
| Sep 30, 2022 | 73.60% |
| Jun 30, 2022 | 80.37% |
| Mar 31, 2022 | -4.82% |
| Dec 31, 2021 | -5.68% |
| Sep 30, 2021 | 26.06% |