Merit Medical Systems (MMSI) Tax Rate (2010 - 2026)
Merit Medical Systems (MMSI) posted Tax Rate of 24.38% for Q2 2026, up 3.61% sequentially from 23.53% in Q1 2026, and down 52.0% YoY from 50.79% in Q2 2025.
Merit Medical Systems (MMSI) Tax Rate (2010 - 2026) Analysis & Trends
Merit Medical Systems has reported Tax Rate for 17 years, with the latest figure at 24.38% in Q2 2026.
- Quarterly Tax Rate fell 52.0% year-over-year to 24.38% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 25.18% (down 585.0% YoY) and the FY2025 annual result came in at 24.83%, down 484.0% from the prior year.
- Tax Rate grew to 24.38% in Q2 2026 per MMSI's latest filing, from 23.53% in the prior quarter.
- Over five years, Tax Rate peaked at 60.56% in Q4 2024 and troughed at 13.24% in Q3 2022.
- A 5-year average of 26.55% and a median of 23.96% in 2026 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2025: Tax Rate soared 1378 bps in 2023, then slumped 3500 bps in 2025.
- Over 5 years, Tax Rate stood at 38.59% in 2022, then jumped by 36 bps to 52.38% in 2023, then gained by 16 bps to 60.56% in 2024, then plunged by 58 bps to 25.55% in 2025, then declined by 5 bps to 24.38% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 24.38%, 23.53%, and 25.55% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn | 21.94% |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn | 18.41% |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn | 100.00% |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn | 19.14% |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn | 40.85% |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn | 17.88% |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn | 13.89% |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | -60.95% |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn | 14.56% |
| 10 | Merit Medical Systems | 5.39 Bn | 4.94 Bn | 215.17 Mn | 24.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.38% |
| Jun 30, 2026 | 24.38% |
| Jun 30, 2026 | 24.38% |
| Mar 31, 2026 | 23.44% |
| Mar 31, 2026 | 23.44% |
| Mar 31, 2026 | 23.44% |
| Dec 31, 2025 | -22.00% |
| Dec 31, 2025 | -22.00% |
| Dec 31, 2025 | -22.00% |
| Sep 30, 2025 | 28.02% |
| Sep 30, 2025 | 28.02% |
| Sep 30, 2025 | 28.02% |
| Jun 30, 2025 | 24.90% |
| Jun 30, 2025 | 24.90% |
| Jun 30, 2025 | 24.90% |
| Mar 31, 2025 | 20.55% |
| Mar 31, 2025 | 20.55% |
| Mar 31, 2025 | 20.55% |
| Dec 31, 2024 | -64.32% |
| Dec 31, 2024 | -64.32% |