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| 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% |