NovoCure (NVCR) Tax Rate (2014 - 2026)

NovoCure's (NVCR) quarterly Tax Rate came in at 2.71% in Q1 2026, up 1057.0% year-on-year from 0.23% in Q1 2025, and down 106.76% quarter-over-quarter from 40.18% in Q4 2025.

NovoCure (NVCR) Tax Rate (2014 - 2026) Analysis & Trends

NovoCure has disclosed Tax Rate across 13 years of filings, most recently posting 2.71% for Q1 2026.

  • Tax Rate for Q1 2026 came in at 2.71%, up 1057.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.24% (up 2771.0% YoY), and the FY2025 annual result 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.
  • The 5-year median for Tax Rate is 14.57% (2022), against an average of 17.41%.
  • Across the five-year window, Tax Rate soared 8089 bps in 2023 and sank 4032 bps in 2024, its largest moves.
  • NovoCure's Tax Rate stood at 14.57% in 2022, then plunged by 52 bps to 22.18% in 2023, then advanced by 12 bps to 19.41% in 2024, then jumped by 307 bps to 40.18% in 2025, then sank by 107 bps to 2.71% in 2026.
  • The last three Tax Rate figures came in at 2.71% (Q1 2026), 40.18% (Q4 2025), and 24.14% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Abbott Laboratories 154.42 Bn 147.76 Bn 6.27 Bn 25.67
2 Stryker 118.12 Bn 115.25 Bn 3.81 Bn 12.35
3 Medtronic 101.72 Bn 93.55 Bn 5.76 Bn 18.09
4 Boston Scientific 67.19 Bn 65.98 Bn 3.61 Bn -15.15
5 Edwards Lifesciences 50.69 Bn 47.02 Bn 1.29 Bn 17.06
6 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn -23.16
7 Dexcom 28.09 Bn 26.97 Bn 750.30 Mn 25.97
8 GE HealthCare Technologies 28.08 Bn 26.02 Bn 1.98 Bn 18.61
9 Steris 19.80 Bn 19.37 Bn 697.10 Mn 27.65
10 NovoCure 1.63 Bn 1.20 Bn 135.13 Mn -2.71

Historic Data

Download Data
DateValue
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%