NovoCure (NVCR) Tax Rate (2014 - 2026)
NovoCure recorded quarterly Tax Rate of 2.71% in Q1 2026, down 106.76% quarter-over-quarter from 40.18% in Q4 2025, and up 1057.0% year-over-year from 0.23% in Q1 2025.
NovoCure's Tax Rate history runs 13 years deep, the most recent figure standing at 2.71% for Q1 2026.
- In Q1 2026, Tax Rate rose 1057.0% year-over-year to 2.71%; the TTM figure through Mar 2026 stood at 1.24% (up 2771.0% YoY), while the FY2025 annual figure was 0.02%, up 2858.0% from the prior year.
- Tax Rate came in at 2.71% for Q1 2026 at NovoCure, down from 40.18% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 40.18% in Q4 2025 to a low of 84.77% in Q1 2022.
- A 5-year average of 17.41% and a median of 14.57% in 2022 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate jumped 8089 bps in 2023 and plunged 4032 bps in 2024, its largest moves.
- NovoCure's Tax Rate stood at 14.57% in 2022, then tumbled by 52 bps to 22.18% in 2023, then climbed by 12 bps to 19.41% in 2024, then surged by 307 bps to 40.18% in 2025, then plunged by 107 bps to 2.71% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 2.71%, 40.18%, and 24.14% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 25.67 |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 12.35 |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 18.09 |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | -15.15 |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 17.06 |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -23.16 |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 25.97 |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 18.61 |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 27.65 |
| 10 | NovoCure | 1.90 Bn | 1.47 Bn | 135.13 Mn | -2.71 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.71 |
| Mar 31, 2026 | -2.71 |
| Dec 31, 2025 | 40.18 |
| Dec 31, 2025 | 40.18 |
| Sep 30, 2025 | -24.14 |
| Sep 30, 2025 | -24.14 |
| Jun 30, 2025 | -14.75 |
| Jun 30, 2025 | -14.75 |
| Mar 31, 2025 | -13.28 |
| Mar 31, 2025 | -13.28 |
| Dec 31, 2024 | -19.41 |
| Dec 31, 2024 | -19.41 |
| Sep 30, 2024 | -41.63 |
| Sep 30, 2024 | -41.63 |
| Jun 30, 2024 | -46.84 |
| Jun 30, 2024 | -46.84 |
| Mar 31, 2024 | -22.50 |
| Mar 31, 2024 | -22.50 |
| Dec 31, 2023 | -22.18 |
| Dec 31, 2023 | -22.18 |
| Sep 30, 2023 | -2.62 |
| Sep 30, 2023 | -2.62 |
| Jun 30, 2023 | -6.52 |
| Jun 30, 2023 | -6.52 |
| Mar 31, 2023 | -3.88 |
| Mar 31, 2023 | -3.88 |
| Dec 31, 2022 | -14.57 |
| Dec 31, 2022 | -14.57 |
| Sep 30, 2022 | -13.49 |
| Sep 30, 2022 | -13.49 |
| Jun 30, 2022 | -2.79 |
| Jun 30, 2022 | -2.79 |
| Mar 31, 2022 | -84.77 |
| Mar 31, 2022 | -84.77 |
| Dec 31, 2021 | -3.46 |
| Dec 31, 2021 | -3.46 |
| Sep 30, 2021 | -24.60 |
| Sep 30, 2021 | -24.60 |
| Jun 30, 2021 | -10.62 |
| Jun 30, 2021 | -10.62 |
| Mar 31, 2021 | -50.99 |
| Mar 31, 2021 | -50.99 |
| Dec 31, 2020 | 44.28 |
| Dec 31, 2020 | 44.28 |
| Sep 30, 2020 | 15.90 |
| Sep 30, 2020 | 15.90 |
| Jun 30, 2020 | 59.15 |
| Jun 30, 2020 | 59.15 |
| Mar 31, 2020 | 167.99 |
| Mar 31, 2020 | 167.99 |
| Dec 31, 2019 | 367.59 |
| Dec 31, 2019 | 367.59 |
| Sep 30, 2019 | -48.46 |
| Sep 30, 2019 | -48.46 |
| Jun 30, 2019 | -2,853.49 |
| Jun 30, 2019 | -2,853.49 |
| Mar 31, 2019 | -43.13 |
| Mar 31, 2019 | -43.13 |
| Dec 31, 2018 | -44.41 |
| Dec 31, 2018 | -44.41 |
| Sep 30, 2018 | -53.00 |
| Sep 30, 2018 | -53.00 |
| Jun 30, 2018 | -55.96 |
| Jun 30, 2018 | -55.96 |
| Mar 31, 2018 | -18.22 |
| Mar 31, 2018 | -18.22 |
| Dec 31, 2017 | -58.85 |
| Dec 31, 2017 | -58.85 |
| Sep 30, 2017 | -42.39 |
| Sep 30, 2017 | -42.39 |
| Jun 30, 2017 | -19.54 |
| Jun 30, 2017 | -19.54 |
| Mar 31, 2017 | -14.07 |
| Mar 31, 2017 | -14.07 |
| Dec 31, 2016 | 2.36 |
| Dec 31, 2016 | 2.36 |
| Sep 30, 2016 | -10.42 |
| Sep 30, 2016 | -10.42 |
| Jun 30, 2016 | -7.46 |
| Jun 30, 2016 | -7.46 |
| Mar 31, 2016 | -9.08 |
| Mar 31, 2016 | -9.08 |
| Dec 31, 2015 | -4.60 |
| Dec 31, 2015 | -4.60 |
| Sep 30, 2015 | -3.90 |
| Sep 30, 2015 | -3.90 |
| Jun 30, 2015 | -4.54 |
| Jun 30, 2015 | -4.54 |
| Mar 31, 2015 | -3.27 |
| Mar 31, 2015 | -3.27 |
| Dec 31, 2014 | -0.41 |
| Dec 31, 2014 | -0.41 |
| Sep 30, 2014 | -2.02 |
| Sep 30, 2014 | -2.02 |