QuidelOrtho (QDEL) Tax Rate (2021 - 2024)

QuidelOrtho (QDEL) posted Tax Rate of 5.16% for Q1 2024, down 80.87% sequentially from 26.99% in Q4 2023, and down 1350.0% YoY from 0.41% in Q2 2023.

QuidelOrtho (QDEL) Tax Rate (2021 - 2024) Analysis & Trends

QuidelOrtho has reported Tax Rate for 4 years, with the latest figure at 5.16% in Q1 2024.

Quarterly Tax Rate fell 1350.0% year-over-year to 5.16% in Q1 2024, while the trailing twelve-month figure through Mar 2024 was 11.61% (down 2374.0% YoY) and the FY2024 annual result came in at 3.73%, down 6156.0% from the prior year.
Tax Rate fell to 5.16% in Q1 2024 per QDEL's latest filing, from 26.99% in the prior quarter.
Over five years, Tax Rate peaked at 55.01% in Q3 2022 and troughed at 5.16% in Q1 2024.
A 4-year average of 24.87% and a median of 22.67% in 2022 frame the typical range for Tax Rate.
The sharpest annual moves came in 2022 and 2023: Tax Rate jumped 4303 bps in 2022, then tumbled 3762 bps in 2023.
Over 4 years, Tax Rate stood at 23.37% in 2021, then soared 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.
According to Business Quant data, Tax Rate over the past three periods registered 5.16%, 26.99%, and 18.06% for Q1 2024, Q4 2023, and Q4 2023 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Abbott Laboratories	198.70 Bn	193.10 Bn	7.27 Bn	39.11%
2	Stryker	125.85 Bn	122.37 Bn	4.50 Bn	18.41%
3	Medtronic	118.44 Bn	109.22 Bn	6.41 Bn	31.35%
4	Boston Scientific	72.64 Bn	72.10 Bn	3.85 Bn	14.62%
5	Edwards Lifesciences	51.94 Bn	47.69 Bn	1.35 Bn	53.56%
6	Dexcom	34.48 Bn	32.53 Bn	830.00 Mn	21.54%
7	GE HealthCare Technologies	33.60 Bn	31.49 Bn	2.18 Bn	17.17%
8	Koninklijke Philips	26.30 Bn	22.98 Bn	4.55 Bn	-21.74%
9	Steris	23.00 Bn	22.52 Bn	684.20 Mn	26.51%
10	QuidelOrtho	1.01 Bn	885.73 Mn	-	-

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