Merit Medical Systems (MMSI) Tax Rate (2010 - 2026)
Merit Medical Systems' (MMSI) quarterly Tax Rate came in at 24.38% in Q2 2026, down 52.0% year-over-year from 50.79% in Q2 2025, and up 3.61% quarter-over-quarter from 23.53% in Q1 2026.
Analysis
Merit Medical Systems (MMSI) Tax Rate (2010 - 2026) Analysis & Trends
Merit Medical Systems has disclosed Tax Rate across 17 years of filings, most recently posting 24.38% for Q2 2026.
- In Q2 2026, Tax Rate fell 52.0% year-over-year to 24.38%; the TTM figure through Jun 2026 stood at 25.18% (down 585.0% YoY), while the FY2025 annual figure was 24.83%, down 484.0% from the prior year.
- Tax Rate came in at 24.38% for Q2 2026 at Merit Medical Systems, up from 23.53% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 60.56% in Q4 2024 to a low of 13.24% in Q3 2022.
- Average Tax Rate over 5 years is 26.55%, with a median of 23.96% recorded in 2026.
- Year-over-year, Tax Rate surged 1378 bps in 2023 and sank 3500 bps in 2025.
- Over 5 years, Tax Rate stood at 38.59% in 2022, then surged by 36 bps to 52.38% in 2023, then increased by 16 bps to 60.56% in 2024, then slumped by 58 bps to 25.55% in 2025, then slipped by 5 bps to 24.38% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 24.38% in Q2 2026, 23.53% in Q1 2026, and 25.55% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 180.74 Bn | 175.14 Bn | 7.27 Bn | 39.11% |
| 2 | Intuitive Surgical | 127.72 Bn | 122.50 Bn | 1.96 Bn | 21.94% |
| 3 | Medtronic | 116.88 Bn | 108.06 Bn | 6.34 Bn | 16.34% |
| 4 | Stryker | 104.10 Bn | 100.62 Bn | 4.50 Bn | 18.41% |
| 5 | Boston Scientific | 63.74 Bn | 63.20 Bn | 3.85 Bn | 14.62% |
| 6 | Edwards Lifesciences | 49.85 Bn | 45.60 Bn | 1.35 Bn | 53.56% |
| 7 | Alcon | 33.03 Bn | 31.58 Bn | 1.68 Bn | -100.00% |
| 8 | Dexcom | 32.15 Bn | 30.20 Bn | 830.00 Mn | 21.54% |
| 9 | Steris | 20.63 Bn | 20.15 Bn | 684.20 Mn | 26.51% |
| 10 | Merit Medical Systems | 5.14 Bn | 4.69 Bn | 215.17 Mn | 24.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.38% |
| Mar 31, 2026 | 23.53% |
| Dec 31, 2025 | 25.55% |
| Sep 30, 2025 | 28.02% |
| Jun 30, 2025 | 24.90% |
| Mar 31, 2025 | 20.58% |
| Dec 31, 2024 | 60.56% |
| Sep 30, 2024 | 22.40% |
| Jun 30, 2024 | 22.07% |
| Mar 31, 2024 | 17.78% |
| Dec 31, 2023 | 52.38% |
| Sep 30, 2023 | 14.56% |
| Jun 30, 2023 | 18.88% |
| Mar 31, 2023 | 18.82% |
| Dec 31, 2022 | 38.59% |
| Sep 30, 2022 | 13.24% |
| Jun 30, 2022 | 26.10% |
| Mar 31, 2022 | 25.59% |
| Dec 31, 2021 | 26.87% |
| Sep 30, 2021 | 15.59% |