Noodles (NDLS) Tax Rate (2012 - 2023)
Noodles (NDLS) recorded Tax Rate of -0.51% in Q2 2026, down 0.39 percentage points from -0.12% a year earlier and down 0.30 percentage points from the prior quarter.
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Analysis
Noodles (NDLS) Tax Rate (2012 - 2023) Analysis & Trends
On a TTM basis, Noodles' Tax Rate came in at -0.20% as of Jun 30, 2026, down 0.38 percentage points year-over-year; for FY2025, it was -0.15%, unchanged from FY2024.
- Annual Tax Rate has a five-year change of +0.21 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at -0.15% in FY2024 (+0.09 pp), -0.24% in FY2023 and 1.87% in FY2021 (+2.24 pp).
- The Q2 2026 figure is the lowest quarterly Tax Rate since Q2 2024.
- On a year-over-year basis, Tax Rate rose in four of the last seven quarters, with an average year-over-year change of +0.03 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 27.61 percentage points in Q3 2021, against a drop of 1.90 percentage points in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -0.21% (Q1 2026), -0.22% (Q4 2025) and -0.05% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 165.62 Bn | 160.44 Bn | 6.42 Bn | 19.55% |
| 2 | Starbucks | 108.79 Bn | 96.42 Bn | - | 26.38% |
| 3 | Chipotle Mexican Grill | 40.35 Bn | 36.33 Bn | - | 24.33% |
| 4 | Yum Brands | 37.59 Bn | 34.48 Bn | 1.47 Bn | - |
| 5 | Restaurant Brands International | 24.96 Bn | 22.07 Bn | 1.38 Bn | - |
| 6 | Darden Restaurants | 22.28 Bn | 21.39 Bn | -113.70 Mn | 12.41% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | - |
| 8 | Yum China Holdings | 14.08 Bn | 8.44 Bn | 537.00 Mn | 25.99% |
| 9 | Texas Roadhouse | 10.31 Bn | 9.67 Bn | - | 13.53% |
| 10 | Noodles | 82.34 Mn | 73.64 Mn | 90.30 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Oct 3, 2023 | 17.45% |
| Jun 28, 2022 | 3.17% |
| Sep 28, 2021 | 0.61% |
| Jun 29, 2021 | 0.51% |
| Oct 1, 2019 | 1.49% |
| Jun 30, 2015 | 36.45% |
| Dec 30, 2014 | 33.02% |
| Sep 30, 2014 | 40.34% |
| Jul 1, 2014 | 40.27% |
| Apr 1, 2014 | 41.54% |
| Dec 31, 2013 | 46.98% |
| Oct 1, 2013 | 40.07% |
| Apr 2, 2013 | 39.17% |
| Oct 2, 2012 | 44.58% |
| Jul 3, 2012 | 41.19% |
API Access
Noodles 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=NDLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "NDLS", "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=NDLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();