Merit Medical Systems MMSI
NASDAQ MMSI
$86.02 -1.17 (-1.34%)
As of: Sep 10, 2026 · 1:30 PM EDT

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

Historic Data

Download Data
DateValue
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%