People (PPLI) Tax Rate (2019 - 2026)
People (PPLI) recorded Tax Rate of 25.63% in Q2 2026, down 2.39 percentage points from 28.01% a year earlier and down 61.87 percentage points from the prior quarter.
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Analysis
People (PPLI) Tax Rate (2019 - 2026) Analysis & Trends
On a TTM basis, People's Tax Rate came in at 33.90% as of Jun 30, 2026, up 13.92 percentage points year-over-year; for FY2025, it was -42.54%, down 62.39 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -23.82 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 19.84% in FY2024 (-5.13 pp), 24.98% in FY2023 (+3.28 pp), 21.69% in FY2022 (+2.65 pp) and 19.04% in FY2021 (+37.76 pp).
- The Q2 2026 figure is the lowest quarterly Tax Rate since Q1 2025.
- On a year-over-year basis, Tax Rate rose in six of the last eight quarters, with an average year-over-year change of +393.92 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 3074.54 percentage points in Q4 2025, against a drop of 234.58 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 87.49% (Q1 2026), 3097.98% (Q4 2025) and 55.72% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,890.87 Bn | 3,648.40 Bn | 73.85 Bn | 19.14% |
| 2 | Meta Platforms | 1,637.40 Bn | 1,339.92 Bn | 49.47 Bn | 15.50% |
| 3 | Netflix | 270.40 Bn | 231.70 Bn | 6.80 Bn | 15.13% |
| 4 | Alibaba Group Holding | 231.40 Bn | 53.61 Bn | 15.11 Bn | - |
| 5 | Shopify | 218.48 Bn | 195.66 Bn | 1.71 Bn | 15.38% |
| 6 | Uber Technologies | 136.01 Bn | 107.99 Bn | 6.38 Bn | 25.63% |
| 7 | Spotify Technology | 120.19 Bn | 77.10 Bn | 1.89 Bn | 26.52% |
| 8 | Booking Holdings | 117.09 Bn | 50.14 Bn | - | 23.83% |
| 9 | PDD Holdings | 112.51 Bn | -131.27 Bn | 9.45 Bn | - |
| 10 | People | 2.64 Bn | -1.49 Bn | 280.20 Mn | 25.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.63% |
| Dec 31, 2025 | 3,097.98% |
| Jun 30, 2025 | 28.01% |
| Mar 31, 2024 | 48.48% |
| Dec 31, 2023 | 21.89% |
| Mar 31, 2023 | 25.14% |
| Sep 30, 2021 | 13.97% |
| Jun 30, 2021 | 30.16% |
| Mar 31, 2021 | 14.32% |
| Dec 31, 2020 | 9.10% |
| Dec 31, 2019 | 9.80% |
API Access
People 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=PPLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "PPLI", "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=PPLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();