Novavax (NVAX) Tax Rate (2022 - 2025)
Novavax's Tax Rate was -3.31% in Q2 2026, down 4.19 percentage points from 0.88% a year earlier but up 8.27 percentage points from the prior quarter.
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Analysis
Novavax (NVAX) Tax Rate (2022 - 2025) Analysis & Trends
On a trailing twelve-month basis, Novavax's Tax Rate was -0.98% through Jun 30, 2026, down 2.97 percentage points year-over-year; for FY2025, it came in at 0.42%, up 6.58 percentage points from FY2024.
- Tax Rate shows a four-year change of +2.13 percentage points (FY2021 to FY2025).
- In earlier years, Tax Rate was -6.16% in FY2024 (-5.79 pp), -0.37% in FY2023 (+0.28 pp), -0.66% in FY2022 (+1.05 pp) and -1.70% in FY2021.
- Quarterly Tax Rate has moved between -11.58% (Q1 2026) and 2.10% (Q4 2025) over five years.
- Compared with a year earlier, Tax Rate was higher in three of the last eight quarters, with an average year-over-year change of -1.48 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q4 2025 (a gain of 12.22 percentage points); the worst was Q1 2026 (a drop of 11.81 percentage points).
- Per Business Quant data, NVAX's Tax Rate in the three quarters before Q2 2026 was -11.58% (Q1 2026), 2.10% (Q4 2025) and 0.32% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,076.25 Bn | 1,044.84 Bn | 19.71 Bn | 23.27% |
| 2 | Johnson & Johnson | 617.18 Bn | 535.70 Bn | 17.26 Bn | 17.98% |
| 3 | AbbVie | 464.58 Bn | 437.73 Bn | 12.70 Bn | 15.47% |
| 4 | Merck | 356.04 Bn | 310.47 Bn | 12.21 Bn | - |
| 5 | Novartis Ag | 269.07 Bn | 224.94 Bn | 11.24 Bn | - |
| 6 | Astrazeneca | 243.21 Bn | 216.77 Bn | 12.86 Bn | - |
| 7 | Amgen | 217.88 Bn | 173.28 Bn | 7.24 Bn | 14.20% |
| 8 | Gilead Sciences | 179.62 Bn | 153.74 Bn | 6.22 Bn | - |
| 9 | Pfizer | 158.45 Bn | 105.40 Bn | 10.94 Bn | - |
| 10 | Novavax | 1.72 Bn | -1.28 Bn | 42.45 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 2.10% |
| Jun 30, 2025 | 0.88% |
| Mar 31, 2025 | 0.23% |
| Jun 30, 2024 | 1.34% |
| Mar 31, 2022 | 1.29% |
API Access
Novavax 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=NVAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "NVAX", "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=NVAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();