Novavax (NVAX) Tax Rate (2010 - 2026)
Novavax (NVAX) posted quarterly Tax Rate of 11.58% for Q1 2026, down 1181.0% year-over-year from 1.07% in Q1 2025, and down 651.38% quarter-over-quarter from 2.1% in Q4 2025.
Analysis
Novavax (NVAX) Tax Rate (2010 - 2026) Analysis & Trends
Novavax's Tax Rate history runs 9 years deep, the most recent figure standing at 11.58% for Q1 2026.
- In Q1 2026, Tax Rate fell 1181.0% year-over-year to 11.58%; the TTM figure through Mar 2026 stood at 1.91% (down 393.0% YoY), while the FY2025 annual figure was 0.42%, up 658.0% from the prior year.
- Tax Rate for Q1 2026 stood at 11.58%, down from 2.1% in the prior quarter.
- The five-year high for Tax Rate was 2.1% in Q4 2025, with the low at 11.58% in Q1 2026.
- The 5-year median for Tax Rate is 0.23% (2025), against an average of 1.05%.
- The sharpest annual moves came in 2025 and 2026: Tax Rate jumped 1222 bps in 2025, then sank 1181 bps in 2026.
- Novavax's Tax Rate stood at 1.22% in 2022, then slumped by 178 bps to 0.96% in 2023, then sank by 960 bps to 10.12% in 2024, then surged by 121 bps to 2.1% in 2025, then tumbled by 651 bps to 11.58% in 2026.
- Business Quant data shows NVAX's Tax Rate at 11.58% in Q1 2026, 2.1% in Q4 2025, and 0.32% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 139.62 Bn | 131.77 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 85.73 Bn | 77.73 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 63.53 Bn | 58.35 Bn | 1.37 Bn | -10.89% |
| 4 | Moderna | 58.23 Bn | 53.09 Bn | 52.00 Mn | -1.96% |
| 5 | Revolution Medicines | 44.05 Bn | 44.05 Bn | - | - |
| 6 | BeOne Medicines | 40.03 Bn | 34.93 Bn | 1.53 Bn | 24.15% |
| 7 | Alnylam Pharmaceuticals | 35.50 Bn | 32.19 Bn | 992.69 Mn | 7.49% |
| 8 | Royalty Pharma | 28.52 Bn | 27.68 Bn | - | - |
| 9 | Insmed | 27.46 Bn | 26.30 Bn | 358.27 Mn | -16.71% |
| 10 | Novavax | 1.68 Bn | 960.08 Mn | 42.45 Mn | -3.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.31% |
| Mar 31, 2026 | -11.58% |
| Dec 31, 2025 | 2.10% |
| Sep 30, 2025 | 0.32% |
| Jun 30, 2025 | 0.88% |
| Mar 31, 2025 | 0.23% |
| Dec 31, 2024 | -10.12% |
| Sep 30, 2024 | 0.84% |
| Jun 30, 2024 | 1.34% |
| Mar 31, 2024 | -1.56% |
| Dec 31, 2023 | -0.96% |
| Sep 30, 2023 | 0.53% |
| Jun 30, 2023 | -0.25% |
| Mar 31, 2023 | -0.40% |
| Dec 31, 2022 | 1.22% |
| Sep 30, 2022 | -1.49% |
| Jun 30, 2022 | -0.28% |
| Mar 31, 2022 | 1.29% |
| Dec 31, 2021 | -2.00% |
| Sep 30, 2021 | -1.91% |