So-Young International (SY) Tax Rate (2018 - 2026)
So-Young International (SY) recorded quarterly Tax Rate of 1.48% in Q1 2026, down 177.32% quarter-over-quarter from 0.53% in Q4 2025, and up 314.0% on a YoY basis from 0.36% in Q1 2025.
So-Young International (SY) Tax Rate (2018 - 2026) Analysis & Trends
So-Young International's Tax Rate history runs 9 years deep, the most recent figure standing at 1.48% for Q1 2026.
- In Q1 2026, Tax Rate rose 314.0% year-over-year to 1.48%; the TTM figure through Mar 2026 stood at 0.42% (down 44.0% YoY), while the FY2025 annual figure was 0.32%, down 48.0% from the prior year.
- Tax Rate was 1.48% for Q1 2026 at So-Young International, down from 0.53% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 129.21% in Q4 2023 to a low of 117.4% in Q3 2022.
- Historically, Tax Rate has averaged 2.61% across 5 years, with a median of 1.0% in 2026.
- The sharpest annual moves came in 2023 and 2024: Tax Rate surged 13031 bps in 2023, then tumbled 12886 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 8.0% in 2022, then jumped by 1514 bps to 129.21% in 2023, then tumbled by 100 bps to 0.35% in 2024, then sank by 252 bps to 0.53% in 2025, then plunged by 177 bps to 1.48% in 2026.
- The last three Tax Rate figures came in at 1.48% (Q1 2026), 0.53% (Q4 2025), and 5.65% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 24.92 |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 10.32 |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 24.88 |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 2.26 |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | -4.85 |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 40.49 |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 27.58 |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 60.15 |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 32.53 |
| 10 | So-Young International | 28.43 Mn | -78.18 Mn | 26.35 Mn | -1.48 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.48% |
| Mar 31, 2026 | -1.48% |
| Dec 31, 2025 | -0.53% |
| Dec 31, 2025 | -0.53% |
| Jun 30, 2025 | 5.65% |
| Jun 30, 2025 | 5.65% |
| Mar 31, 2025 | -4.61% |
| Mar 31, 2025 | -4.61% |
| Dec 31, 2024 | 0.35% |
| Dec 31, 2024 | 0.35% |
| Sep 30, 2024 | -9.15% |
| Sep 30, 2024 | -9.15% |
| Jun 30, 2024 | 14.66% |
| Jun 30, 2024 | 14.66% |
| Mar 31, 2024 | -11.24% |
| Mar 31, 2024 | -11.24% |
| Dec 31, 2023 | 129.21% |
| Dec 31, 2023 | 129.21% |
| Sep 30, 2023 | 12.91% |
| Sep 30, 2023 | 12.91% |