Merit Medical Systems (MMSI) Tax Rate (2010 - 2026)
Merit Medical Systems recorded quarterly Tax Rate of 23.53% in Q1 2026, down 7.92% quarter-over-quarter from 25.55% in Q4 2025, and up 295.0% year-over-year from 5.96% in Q1 2025.
Merit Medical Systems' Tax Rate history runs 17 years deep, the most recent figure standing at 23.53% for Q1 2026.
- In Q1 2026, Tax Rate rose 295.0% year-over-year to 23.53%; the TTM figure through Mar 2026 stood at 25.32% (up 494.0% YoY), while the FY2025 annual figure was 24.83%, up 507.0% from the prior year.
- Tax Rate came in at 23.53% for Q1 2026 at Merit Medical Systems, down from 25.55% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 46.55% in Q4 2022 to a low of 83.92% in Q4 2023.
- A 5-year average of 16.47% and a median of 22.03% in 2024 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate jumped 41220 bps in 2022 and plunged 13047 bps in 2023, its largest moves.
- Merit Medical Systems' Tax Rate stood at 46.55% in 2022, then tumbled by 280 bps to 83.92% in 2023, then surged by 119 bps to 15.68% in 2024, then surged by 63 bps to 25.55% in 2025, then fell by 8 bps to 23.53% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 23.53%, 25.55%, and 27.98% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 12.17 |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 194.87 |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 20.62 |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 24.82 |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 18.75 |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 31.95 |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 24.26 |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | -183.33 |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 22.40 |
| 10 | Merit Medical Systems | 3.79 Bn | 3.30 Bn | 184.80 Mn | 23.53 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.53 |
| Mar 31, 2026 | 23.53 |
| Dec 31, 2025 | 25.55 |
| Dec 31, 2025 | 25.55 |
| Sep 30, 2025 | 27.98 |
| Sep 30, 2025 | 27.98 |
| Jun 30, 2025 | 24.90 |
| Jun 30, 2025 | 24.90 |
| Mar 31, 2025 | 20.58 |
| Mar 31, 2025 | 20.58 |
| Dec 31, 2024 | 15.68 |
| Dec 31, 2024 | 15.68 |
| Sep 30, 2024 | 22.37 |
| Sep 30, 2024 | 22.37 |
| Jun 30, 2024 | 22.03 |
| Jun 30, 2024 | 22.03 |
| Mar 31, 2024 | 17.78 |
| Mar 31, 2024 | 17.78 |
| Dec 31, 2023 | -83.92 |
| Dec 31, 2023 | -83.92 |
| Sep 30, 2023 | 14.52 |
| Sep 30, 2023 | 14.52 |
| Jun 30, 2023 | 18.69 |
| Jun 30, 2023 | 18.69 |
| Mar 31, 2023 | 18.82 |
| Mar 31, 2023 | 18.82 |
| Dec 31, 2022 | 46.55 |
| Dec 31, 2022 | 46.55 |
| Sep 30, 2022 | 13.24 |
| Sep 30, 2022 | 13.24 |
| Jun 30, 2022 | 26.09 |
| Jun 30, 2022 | 26.09 |
| Mar 31, 2022 | 25.59 |
| Mar 31, 2022 | 25.59 |
| Dec 31, 2021 | -365.65 |
| Dec 31, 2021 | -365.65 |
| Sep 30, 2021 | 15.52 |
| Sep 30, 2021 | 15.52 |
| Jun 30, 2021 | 28.39 |
| Jun 30, 2021 | 28.39 |
| Mar 31, 2021 | 13.68 |
| Mar 31, 2021 | 13.68 |
| Dec 31, 2020 | 37.16 |
| Dec 31, 2020 | 37.16 |
| Sep 30, 2020 | -37.77 |
| Sep 30, 2020 | -37.77 |
| Jun 30, 2020 | 14.35 |
| Jun 30, 2020 | 14.35 |
| Mar 31, 2020 | -60.24 |
| Mar 31, 2020 | -60.24 |
| Dec 31, 2019 | 7.92 |
| Dec 31, 2019 | 7.92 |
| Sep 30, 2019 | 40.28 |
| Sep 30, 2019 | 40.28 |
| Jun 30, 2019 | 23.78 |
| Jun 30, 2019 | 23.78 |
| Mar 31, 2019 | 9.51 |
| Mar 31, 2019 | 9.51 |
| Dec 31, 2018 | -18.63 |
| Dec 31, 2018 | -18.63 |
| Sep 30, 2018 | 14.27 |
| Sep 30, 2018 | 14.27 |
| Jun 30, 2018 | 5.40 |
| Jun 30, 2018 | 5.40 |
| Mar 31, 2018 | 17.14 |
| Mar 31, 2018 | 17.14 |
| Dec 31, 2017 | -137.62 |
| Dec 31, 2017 | -137.62 |
| Sep 30, 2017 | -61.86 |
| Sep 30, 2017 | -61.86 |
| Jun 30, 2017 | 16.18 |
| Jun 30, 2017 | 16.18 |
| Mar 31, 2017 | 4.45 |
| Mar 31, 2017 | 4.45 |
| Dec 31, 2016 | 16.79 |
| Dec 31, 2016 | 16.79 |
| Sep 30, 2016 | 19,560.00 |
| Sep 30, 2016 | 19,560.00 |
| Jun 30, 2016 | 26.08 |
| Jun 30, 2016 | 26.08 |
| Mar 31, 2016 | 26.33 |
| Mar 31, 2016 | 26.33 |
| Dec 31, 2015 | 1.80 |
| Dec 31, 2015 | 1.80 |
| Sep 30, 2015 | 21.55 |
| Sep 30, 2015 | 21.55 |
| Jun 30, 2015 | 25.50 |
| Jun 30, 2015 | 25.50 |
| Mar 31, 2015 | 26.30 |
| Mar 31, 2015 | 26.30 |
| Dec 31, 2014 | 25.88 |
| Dec 31, 2014 | 25.88 |
| Sep 30, 2014 | 20.61 |
| Sep 30, 2014 | 20.61 |
| Jun 30, 2014 | 18.50 |
| Jun 30, 2014 | 18.50 |
| Mar 31, 2014 | 16.38 |
| Mar 31, 2014 | 16.38 |
| Dec 31, 2013 | 15.04 |
| Dec 31, 2013 | 15.04 |
| Sep 30, 2013 | 9.93 |
| Sep 30, 2013 | 9.93 |
| Jun 30, 2013 | 18.48 |
| Jun 30, 2013 | 18.48 |
| Mar 31, 2013 | -26.12 |
| Mar 31, 2013 | -26.12 |
| Dec 31, 2012 | 27.92 |
| Dec 31, 2012 | 27.92 |
| Sep 30, 2012 | 19.94 |
| Sep 30, 2012 | 19.94 |
| Jun 30, 2012 | 33.07 |
| Jun 30, 2012 | 33.07 |
| Mar 31, 2012 | 27.09 |
| Mar 31, 2012 | 27.09 |
| Dec 31, 2011 | 14.33 |
| Dec 31, 2011 | 14.33 |
| Sep 30, 2011 | 32.58 |
| Sep 30, 2011 | 32.58 |
| Jun 30, 2011 | 34.53 |
| Jun 30, 2011 | 34.53 |
| Mar 31, 2011 | 30.94 |
| Mar 31, 2011 | 30.94 |
| Dec 31, 2010 | 16.68 |
| Dec 31, 2010 | 16.68 |
| Sep 30, 2010 | 44.71 |
| Sep 30, 2010 | 44.71 |
| Jun 30, 2010 | 35.59 |
| Jun 30, 2010 | 35.59 |