System1 (SST) Tax Rate (2021)
System1's Tax Rate was 0.65% in Q2 2026, down 6.05 percentage points from 6.70% a year earlier but up 0.52 percentage points from the prior quarter.
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Analysis
System1 (SST) Tax Rate (2021) Analysis & Trends
On a trailing twelve-month basis, System1's Tax Rate was 0.96% through Jun 30, 2026, down 1.34 percentage points year-over-year; for FY2025, it came in at 3.42%, up 3.04 percentage points from FY2024.
- Tax Rate shows a four-year change of +0.58 percentage points (FY2021 to FY2025).
- In earlier years, Tax Rate was 0.38% in FY2024 (-15.10 pp), 15.48% in FY2023 (-6.57 pp), 22.04% in FY2022 (+19.20 pp) and 2.84% in FY2021.
- Quarterly Tax Rate has moved between -2.00% (Q3 2024) and 45.38% (Q4 2022) over five years.
- Compared with a year earlier, Tax Rate has declined for three straight quarters, with an average year-over-year change of -3.18 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was Q4 2022 (a gain of 37.62 percentage points); the worst was Q4 2024 (a drop of 21.51 percentage points).
- Per Business Quant data, SST's Tax Rate in the three quarters before Q2 2026 was 0.13% (Q1 2026), 2.06% (Q4 2025) and 2.41% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,109.95 Bn | 3,867.48 Bn | 73.85 Bn | 19.14% |
| 2 | Netflix | 282.52 Bn | 242.72 Bn | 6.52 Bn | 16.40% |
| 3 | Alibaba Group Holding | 249.53 Bn | 67.40 Bn | 15.11 Bn | - |
| 4 | Shopify | 193.10 Bn | 170.29 Bn | 1.71 Bn | 15.38% |
| 5 | Uber Technologies | 138.52 Bn | 110.49 Bn | 6.38 Bn | 25.63% |
| 6 | Booking Holdings | 120.43 Bn | 53.48 Bn | - | 23.83% |
| 7 | PDD Holdings | 108.89 Bn | -143.04 Bn | 9.45 Bn | - |
| 8 | Spotify Technology | 101.14 Bn | 58.37 Bn | 1.86 Bn | 24.31% |
| 9 | Airbnb | 94.68 Bn | 47.91 Bn | 2.98 Bn | 9.03% |
| 10 | System1 | 26.48 Mn | -233.34 Mn | 24.27 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2021 | 7.76% |
| Sep 30, 2021 | 4.01% |
| Jun 30, 2021 | 0.65% |
| Mar 31, 2021 | 2.19% |
API Access
System1 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=SST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "SST", "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=SST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();