Merit Medical Systems (MMSI) Tax Rate (2010 - 2026)
Merit Medical Systems' Tax Rate came in at 24.20% for Q3 2026, down 3.82 percentage points from 28.02% a year earlier and down 0.18 percentage points from the prior quarter.
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Analysis
Merit Medical Systems (MMSI) Tax Rate (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Merit Medical Systems reported Tax Rate of 24.40%, up 1.78 percentage points year-over-year; for FY2025, it came in at 24.83%, up 5.07 percentage points from FY2024.
- Tax Rate has increased in each of the last three years, with a four-year change of +14.70 percentage points (FY2021 to FY2025).
- Going back by year, Tax Rate was 19.76% in FY2024 (+3.99 pp), 15.77% in FY2023 (+5.95 pp), 9.82% in FY2022 (-0.31 pp) and 10.13% in FY2021.
- The five-year range for quarterly Tax Rate is 12.20% (Q4 2023) to 28.02% (Q3 2025).
- Year-over-year, Tax Rate increased in six of the last eight quarters, with an average year-over-year change of +2.90 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q1 2022 (a gain of 11.91 percentage points), and the weakest in Q2 2023 (a drop of 7.22 percentage points).
- Business Quant data shows MMSI's Tax Rate at 24.38% (Q2 2026), 23.53% (Q1 2026) and 25.55% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 265.71 Bn | 242.23 Bn | 5.13 Bn | 16.86% |
| 2 | Abbott Laboratories | 189.37 Bn | 163.23 Bn | 7.39 Bn | 25.26% |
| 3 | Danaher | 164.78 Bn | 144.43 Bn | 3.84 Bn | - |
| 4 | Intuitive Surgical | 157.85 Bn | 138.13 Bn | 2.08 Bn | 21.54% |
| 5 | Medtronic | 129.66 Bn | 94.91 Bn | 6.34 Bn | 16.34% |
| 6 | Stryker | 121.82 Bn | 108.01 Bn | 4.25 Bn | 24.47% |
| 7 | Boston Scientific | 63.42 Bn | 58.86 Bn | 3.43 Bn | 20.87% |
| 8 | Edwards Lifesciences | 59.49 Bn | 42.69 Bn | 1.35 Bn | 17.02% |
| 9 | Becton Dickinson | 58.38 Bn | 55.53 Bn | 2.32 Bn | 18.41% |
| 10 | Merit Medical Systems | 5.24 Bn | 3.36 Bn | 200.63 Mn | 24.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.20% |
| 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 | 15.68% |
| Sep 30, 2024 | 22.40% |
| Jun 30, 2024 | 22.07% |
| Mar 31, 2024 | 17.78% |
| Dec 31, 2023 | 12.20% |
| Sep 30, 2023 | 14.56% |
| Jun 30, 2023 | 18.88% |
| Mar 31, 2023 | 18.82% |
| Sep 30, 2022 | 13.24% |
| Jun 30, 2022 | 26.10% |
| Mar 31, 2022 | 25.59% |
| Sep 30, 2021 | 15.59% |
| Jun 30, 2021 | 28.39% |
API Access
Merit Medical Systems Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MMSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MMSI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MMSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();