Novavax (NVAX) Tax Rate (2010 - 2026)

Novavax's (NVAX) quarterly Tax Rate came in at 11.58% in Q1 2026, down 1181.0% year-on-year from 1.07% in Q1 2025, and down 651.38% quarter-over-quarter from 2.1% in Q4 2025.

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.

  • On a quarterly basis, Tax Rate fell 1181.0% year-over-year to 11.58% in Q1 2026; TTM through Mar 2026 was 1.91%, a 393.0% decrease from a year earlier, with the FY2025 full-year figure at 0.42%, up 658.0% from the prior year.
  • Tax Rate fell to 11.58% in Q1 2026 per NVAX's latest filing, from 2.1% in the prior quarter.
  • Across five years, Tax Rate topped out at 2.1% in Q4 2025 and bottomed at 11.58% in Q1 2026.
  • The 5-year median for Tax Rate is 0.23% (2025), against an average of 1.05%.
  • Across the five-year window, Tax Rate jumped 1222 bps in 2025 and slumped 1181 bps in 2026, its largest moves.
  • Year by year, Tax Rate stood at 1.22% in 2022, then sank by 178 bps to 0.96% in 2023, then plunged by 960 bps to 10.12% in 2024, then soared by 121 bps to 2.1% in 2025, then slumped by 651 bps to 11.58% in 2026.
  • Per Business Quant, the three latest NVAX Tax Rate figures stand at 11.58% (Q1 2026), 2.1% (Q4 2025), and 0.32% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -0.34%
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 12.29%
4 NuCana 279.75 Bn 279.75 Bn - -5.41%
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 17.68%
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 12.51%
7 Belite Bio 62.51 Bn 62.51 Bn - -
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 33.09%
9 Revolution Medicines 37.78 Bn 37.78 Bn - -
10 Novavax 788.01 Mn -2.33 Mn 108.82 Mn -11.58%

Historic Data

Download Data
DateValue
Mar 31, 2026 -11.58%
Mar 31, 2026 -11.58%
Mar 31, 2026 -11.58%
Dec 31, 2025 2.10%
Dec 31, 2025 2.10%
Dec 31, 2025 2.10%
Sep 30, 2025 0.32%
Sep 30, 2025 0.32%
Sep 30, 2025 0.32%
Jun 30, 2025 0.88%
Jun 30, 2025 0.88%
Jun 30, 2025 0.88%
Mar 31, 2025 0.23%
Mar 31, 2025 0.23%
Mar 31, 2025 0.23%
Dec 31, 2024 -10.12%
Dec 31, 2024 -10.12%
Dec 31, 2024 -10.12%
Sep 30, 2024 0.84%
Sep 30, 2024 0.84%