System1 (SST) Tax Rate (2021 - 2026)
Quarterly results put Tax Rate at 0.13% for Q1 2026, down 185.0% from a year ago — trailing twelve months through Mar 2026 was 2.11% (up 141.0% YoY), and the annual figure for FY2025 was 3.42%, up 304.0%.
System1 has reported Tax Rate over the past 6 years, most recently at 0.13% for Q1 2026.
- Tax Rate reached 0.13% in Q1 2026 per SST's latest filing, down from 2.19% in the prior quarter.
- Across five years, Tax Rate topped out at 45.38% in Q4 2022 and bottomed at 2.0% in Q3 2024.
- Median Tax Rate over the past 5 years was 3.98% (2023), compared with a mean of 10.38%.
- The largest annual shift saw Tax Rate skyrocketed 3762bps in 2022 before it crashed -2177bps in 2024.
- Over 5 years, Tax Rate stood at 45.38% in 2022, then tumbled by -43bps to 25.66% in 2023, then plummeted by -85bps to 3.89% in 2024, then crashed by -44bps to 2.19% in 2025, then plummeted by -94bps to 0.13% in 2026.
- Business Quant data shows Tax Rate for SST at 0.13% in Q1 2026, 2.19% in Q4 2025, and 2.41% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 20.55 |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 20.65 |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 24.81 |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | 5.27 |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 21.71 |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 25.72 |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 30.77 |
| 10 | System1 | 21.03 Mn | -54.58 Mn | 23.37 Mn | 0.13 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.13% |
| Mar 31, 2026 | 0.13% |
| Dec 31, 2025 | 2.19% |
| Dec 31, 2025 | 2.19% |
| Sep 30, 2025 | 2.41% |
| Sep 30, 2025 | 2.41% |
| Jun 30, 2025 | 6.70% |
| Jun 30, 2025 | 6.70% |
| Mar 31, 2025 | 1.98% |
| Mar 31, 2025 | 1.98% |
| Dec 31, 2024 | 3.89% |
| Dec 31, 2024 | 3.89% |
| Sep 30, 2024 | -2.00% |
| Sep 30, 2024 | -2.00% |
| Jun 30, 2024 | 0.57% |
| Jun 30, 2024 | 0.57% |
| Dec 31, 2023 | 25.66% |
| Dec 31, 2023 | 25.66% |
| Sep 30, 2023 | 4.07% |
| Sep 30, 2023 | 4.07% |
| Jun 30, 2023 | 18.52% |
| Jun 30, 2023 | 18.52% |
| Mar 31, 2023 | 11.10% |
| Mar 31, 2023 | 11.10% |
| Dec 31, 2022 | 45.38% |
| Dec 31, 2022 | 45.38% |
| Sep 30, 2022 | 18.89% |
| Sep 30, 2022 | 18.89% |
| Jun 30, 2022 | 1.32% |
| Jun 30, 2022 | 1.32% |
| Mar 31, 2022 | 25.25% |
| Mar 31, 2022 | 25.25% |
| Dec 31, 2021 | 7.76% |
| Dec 31, 2021 | 7.76% |
| Sep 30, 2021 | 4.01% |
| Sep 30, 2021 | 4.01% |
| Jun 30, 2021 | 0.65% |
| Jun 30, 2021 | 0.65% |
| Mar 31, 2021 | 2.19% |
| Mar 31, 2021 | 2.19% |