Nexstar Media (NXST) Tax Rate (2011 - 2026)
Nexstar Media (NXST) reported Tax Rate of 4.58% for Q1 2026, down 3429.0% on a YoY basis from 0.14% in Q1 2025, and down 122.25% quarter-over-quarter from 20.56% in Q4 2025.
Nexstar Media (NXST) Tax Rate (2011 - 2026) Analysis & Trends
Nexstar Media has reported Tax Rate for 16 years, with the latest figure at 4.58% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 3429.0% year-over-year to 4.58%; the trailing twelve-month figure through Mar 2026 stood at 11.52% (down 1786.0% YoY), and the FY2025 full-year result was 44.67%, up 1589.0% from the prior year.
- Tax Rate for Q1 2026 stood at 4.58%, down from 20.56% in the prior quarter.
- The five-year high for Tax Rate was 69.39% in Q4 2022, with the low at 4.58% in Q1 2026.
- Historically, Tax Rate has averaged 29.06% across 5 years, with a median of 29.71% in 2025.
- Annual changes were most pronounced in 2022 — Tax Rate jumped 4909 bps — and 2023, when it tumbled 3673 bps.
- Nexstar Media's Tax Rate stood at 69.39% in 2022, then tumbled by 53 bps to 32.65% in 2023, then decreased by 3 bps to 31.75% in 2024, then slumped by 35 bps to 20.56% in 2025, then plunged by 122 bps to 4.58% in 2026.
- The last three Tax Rate figures came in at 4.58% (Q1 2026), 20.56% (Q4 2025), and 32.29% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Nexstar Media | 5.40 Bn | 5.00 Bn | -505.00 Mn | -4.58% |
| 2 | FuboTV | 3.40 Bn | 5.32 Bn | 348.72 Mn | 0.68% |
| 3 | Newsmax | 970.61 Mn | 930.17 Mn | 21.36 Mn | 2.32% |
| 4 | iHeartMedia | 620.04 Mn | 488.35 Mn | 509.13 Mn | -0.30% |
| 5 | Gray Media | 389.45 Mn | 130.45 Mn | 213.00 Mn | 28.57% |
| 6 | E.W. Scripps | 307.00 Mn | 223.28 Mn | 206.07 Mn | 59.76% |
| 7 | CuriosityStream | 163.48 Mn | 154.27 Mn | 11.62 Mn | - |
| 8 | Mediaco Holding | 68.20 Mn | 68.20 Mn | -3.44 Mn | -16.97% |
| 9 | Saga Communications | 55.58 Mn | 25.14 Mn | 17.72 Mn | -2.45% |
| 10 | Beasley Broadcast | 37.03 Mn | 30.60 Mn | - | 29.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.58% |
| Mar 31, 2026 | -4.58% |
| Dec 31, 2025 | 20.56% |
| Dec 31, 2025 | 20.56% |
| Sep 30, 2025 | 32.29% |
| Sep 30, 2025 | 32.29% |
| Jun 30, 2025 | 30.00% |
| Jun 30, 2025 | 30.00% |
| Mar 31, 2025 | 29.71% |
| Mar 31, 2025 | 29.71% |
| Dec 31, 2024 | 31.75% |
| Dec 31, 2024 | 31.75% |
| Sep 30, 2024 | 26.23% |
| Sep 30, 2024 | 26.23% |
| Jun 30, 2024 | 28.86% |
| Jun 30, 2024 | 28.86% |
| Mar 31, 2024 | 26.75% |
| Mar 31, 2024 | 26.75% |
| Dec 31, 2023 | 32.65% |
| Dec 31, 2023 | 32.65% |