NovoCure (NVCR) Tax Rate (2020)
NovoCure's Tax Rate was -25.75% in Q2 2026, down 11.00 percentage points from -14.75% a year earlier and down 23.03 percentage points from the prior quarter.
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Analysis
NovoCure (NVCR) Tax Rate (2020) Analysis & Trends
On a trailing twelve-month basis, NovoCure's Tax Rate was 2.70% through Jun 30, 2026, up 23.03 percentage points year-over-year; for FY2025, it was 0.02%, up 28.58 percentage points from FY2024.
- Tax Rate shows a five-year change of +9.44 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was -28.56% in FY2024 (-20.58 pp), -7.98% in FY2023 (+5.08 pp), -13.06% in FY2022 (-1.01 pp) and -12.05% in FY2021 (-2.63 pp).
- The Q2 2026 figure marks the lowest quarterly Tax Rate since Q3 2024.
- Compared with a year earlier, Tax Rate was higher in six of the last eight quarters, with an average year-over-year change of +10.21 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q1 2023 (a gain of 80.89 percentage points); the worst was Q4 2021 (a drop of 47.74 percentage points).
- Per Business Quant data, NVCR's Tax Rate in the three quarters before Q2 2026 was -2.71% (Q1 2026), 40.18% (Q4 2025) and -24.14% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 8.68% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 39.11% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 19.29% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 21.94% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 16.34% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 18.41% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 14.62% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 53.56% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 18.41% |
| 10 | NovoCure | 1.86 Bn | -491.82 Mn | 142.48 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2020 | 44.28% |
| Sep 30, 2020 | 15.90% |
| Jun 30, 2020 | 59.15% |
API Access
NovoCure 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=NVCR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "NVCR", "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=NVCR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();