QuidelOrtho (QDEL) Tax Rate (2021 - 2024)

QuidelOrtho has disclosed Tax Rate across 4 years of filings, most recently posting 5.16% for Q1 2024.

• Tax Rate for Q1 2024 came in at 5.16%, down 1350.0% year-over-year; the trailing twelve-month figure through Mar 2024 was 11.61% (down 2374.0% YoY), and the FY2024 annual result was 3.73%, down 6156.0% from the prior year.
• Tax Rate came in at 5.16% for Q1 2024 at QuidelOrtho, down from 26.99% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 55.01% in Q3 2022 to a low of 5.16% in Q1 2024.
• The 4-year median for Tax Rate is 22.67% (2022), against an average of 24.87%.
• Across the five-year window, Tax Rate surged 4303 bps in 2022 and tumbled 3762 bps in 2023, its largest moves.
• QuidelOrtho's Tax Rate stood at 23.37% in 2021, then jumped by 65 bps to 38.66% in 2022, then plunged by 30 bps to 26.99% in 2023, then tumbled by 81 bps to 5.16% in 2024.
• The last three Tax Rate figures came in at 5.16% (Q1 2024), 26.99% (Q4 2023), and 18.06% (Q4 2023), per Business Quant data.