Moderna (MRNA) Tax Rate (2018 - 2026)
Moderna (MRNA) posted quarterly Tax Rate of 1.96% for Q2 2026, down 110.0% year-over-year from 19.56% in Q2 2025, and down 189.87% on a QoQ basis from 0.67% in Q1 2026.
Moderna (MRNA) Tax Rate (2018 - 2026) Analysis & Trends
Moderna has reported Tax Rate for 9 years, with the latest figure at 1.96% in Q2 2026.
- Tax Rate for Q2 2026 came in at 1.96%, down 110.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 2.07% (down 350.0% YoY), and the FY2025 annual result was 1.95%, down 323.0% from the prior year.
- Tax Rate fell to 1.96% in Q2 2026, from 0.67% in the prior quarter.
- Over five years, Tax Rate peaked at 125.9% in Q1 2023 and troughed at 210.0% in Q4 2023.
- A 5-year average of 4.11% and a median of 0.67% in 2026 frame the typical range for Tax Rate.
- The widest annual swing landed in 2023, when Tax Rate tumbled 22148 bps; it then jumped 21541 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 11.48% in 2022, then plunged by 1929 bps to 210.0% in 2023, then soared by 103 bps to 5.41% in 2024, then slumped by 163 bps to 3.38% in 2025, then surged by 42 bps to 1.96% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 1.96% in Q2 2026, 0.67% in Q1 2026, and 3.38% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 128.13 Bn | 120.28 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 112.33 Bn | 104.33 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 53.24 Bn | 48.05 Bn | 1.41 Bn | 10.91% |
| 4 | Revolution Medicines | 43.64 Bn | 43.64 Bn | - | - |
| 5 | BeOne Medicines | 39.27 Bn | 34.17 Bn | 1.53 Bn | 24.15% |
| 6 | MindWalk Holdings | 35.32 Bn | 35.31 Bn | 1.82 Bn | -9.47% |
| 7 | Royalty Pharma | 33.72 Bn | 35.84 Bn | - | - |
| 8 | Alnylam Pharmaceuticals | 30.58 Bn | 27.27 Bn | 992.69 Mn | 7.49% |
| 9 | Insmed | 27.01 Bn | 25.85 Bn | 358.27 Mn | -16.71% |
| 10 | Moderna | 25.26 Bn | 20.13 Bn | 52.00 Mn | -1.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.96% |
| Jun 30, 2026 | -1.96% |
| Jun 30, 2026 | -1.96% |
| Mar 31, 2026 | -0.67% |
| Mar 31, 2026 | -0.67% |
| Mar 31, 2026 | -0.67% |
| Dec 31, 2025 | -3.38% |
| Dec 31, 2025 | -3.38% |
| Dec 31, 2025 | -3.38% |
| Sep 30, 2025 | -6.95% |
| Sep 30, 2025 | -6.95% |
| Sep 30, 2025 | -6.95% |
| Jun 30, 2025 | -0.86% |
| Jun 30, 2025 | -0.86% |
| Jun 30, 2025 | -0.86% |
| Mar 31, 2025 | -0.73% |
| Mar 31, 2025 | -0.73% |
| Mar 31, 2025 | -0.73% |
| Dec 31, 2024 | 5.41% |
| Dec 31, 2024 | 5.41% |