Nexstar Media (NXST) Tax Rate (2011 - 2026)
Nexstar Media's Tax Rate was 36.16% in Q2 2026, up 6.16 percentage points from 30.00% a year earlier and up 40.73 percentage points from the prior quarter.
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Analysis
Nexstar Media (NXST) Tax Rate (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nexstar Media's Tax Rate was 20.75% through Jun 30, 2026, down 8.81 percentage points year-over-year; for FY2025, it was 44.67%, up 15.89 percentage points from FY2024.
- Tax Rate shows a five-year change of +17.82 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 28.78% in FY2024 (-3.89 pp), 32.67% in FY2023 (+10.15 pp), 22.51% in FY2022 (-1.55 pp) and 24.06% in FY2021 (-2.78 pp).
- The Q2 2026 figure marks the highest quarterly Tax Rate since Q3 2023.
- Compared with a year earlier, Tax Rate was higher in four of the last eight quarters, with an average year-over-year change of -5.84 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q3 2023 (a gain of 20.69 percentage points); the worst was Q1 2026 (a drop of 34.29 percentage points).
- Per Business Quant data, NXST's Tax Rate in the three quarters before Q2 2026 was -4.58% (Q1 2026), 20.56% (Q4 2025) and 32.29% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.62 Bn | 63.29 Bn | 4.10 Bn | - |
| 2 | Fox | 27.00 Bn | 12.91 Bn | - | 24.43% |
| 3 | Omnicom | 20.21 Bn | 2.90 Bn | 1.30 Bn | 27.11% |
| 4 | News | 15.94 Bn | 8.14 Bn | - | 17.27% |
| 5 | Paramount Skydance | 11.45 Bn | 9.37 Bn | - | - |
| 6 | New York Times | 10.22 Bn | 7.71 Bn | 394.61 Mn | 25.40% |
| 7 | Pearson | 10.20 Bn | 7.34 Bn | - | - |
| 8 | Sirius Xm Holdings | 8.72 Bn | 8.30 Bn | 1.44 Bn | 23.40% |
| 9 | 36Kr Holdings | 5.91 Bn | 5.85 Bn | - | - |
| 10 | Nexstar Media | 4.98 Bn | 3.78 Bn | 1.06 Bn | 36.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.16% |
| Sep 30, 2025 | 32.29% |
| Jun 30, 2025 | 30.00% |
| Mar 31, 2025 | 29.71% |
| Dec 31, 2024 | 31.75% |
| Sep 30, 2024 | 26.23% |
| Jun 30, 2024 | 28.86% |
| Mar 31, 2024 | 26.75% |
| Dec 31, 2023 | 32.65% |
| Sep 30, 2023 | 42.86% |
| Jun 30, 2023 | 31.82% |
| Mar 31, 2023 | 32.31% |
| Dec 31, 2022 | 27.76% |
| Sep 30, 2022 | 22.16% |
| Jun 30, 2022 | 24.16% |
| Mar 31, 2022 | 17.11% |
| Dec 31, 2021 | 20.30% |
| Sep 30, 2021 | 28.04% |
| Jun 30, 2021 | 26.14% |
| Mar 31, 2021 | 23.06% |
API Access
Nexstar Media 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=NXST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "NXST", "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=NXST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();