So-Young International (SY) Tax Rate (2018 - 2026)
So-Young International's (SY) quarterly Tax Rate came in at 1.48% in Q1 2026, up 314.0% year-on-year from 0.36% in Q1 2025, and down 177.32% quarter-over-quarter from 0.53% in Q4 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.
- On a quarterly basis, Tax Rate rose 314.0% year-over-year to 1.48% in Q1 2026; TTM through Mar 2026 was 0.42%, a 44.0% decrease from a year earlier, with the FY2025 full-year figure at 0.32%, down 48.0% from the prior year.
- Tax Rate declined to 1.48% in Q1 2026 per SY's latest filing, from 0.53% in the prior quarter.
- Across five years, Tax Rate topped out at 129.21% in Q4 2023 and bottomed at 117.4% in Q3 2022.
- The 5-year median for Tax Rate is 1.0% (2026), against an average of 2.61%.
- Across the five-year window, Tax Rate jumped 13031 bps in 2023 and tumbled 12886 bps in 2024, its largest moves.
- Year by year, Tax Rate stood at 8.0% in 2022, then jumped by 1514 bps to 129.21% in 2023, then sank by 100 bps to 0.35% in 2024, then tumbled by 252 bps to 0.53% in 2025, then slumped by 177 bps to 1.48% in 2026.
- Per Business Quant, the three latest SY Tax Rate figures stand at 1.48% (Q1 2026), 0.53% (Q4 2025), and 5.65% (Q2 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.81 Bn | 24.49 Bn | 662.02 Mn | 24.92% |
| 2 | BrightSpring Health Services | 14.76 Bn | 13.86 Bn | 482.22 Mn | 10.32% |
| 3 | Healthequity | 8.36 Bn | 8.10 Bn | 256.31 Mn | 24.88% |
| 4 | Hinge Health | 5.91 Bn | 5.60 Bn | 154.23 Mn | 2.26% |
| 5 | 10x Genomics | 5.89 Bn | 5.35 Bn | 106.18 Mn | -4.85% |
| 6 | MiniMed | 4.45 Bn | 4.16 Bn | 480.00 Mn | -101.09% |
| 7 | Waystar Holding | 4.41 Bn | 4.35 Bn | 216.84 Mn | 27.64% |
| 8 | Doximity | 3.93 Bn | 3.18 Bn | 125.97 Mn | 40.49% |
| 9 | Privia Health | 3.10 Bn | 2.68 Bn | - | 60.15% |
| 10 | So-Young International | 153.79 Mn | 38.66 Mn | 26.35 Mn | -1.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.48% |
| Mar 31, 2026 | -1.48% |
| Mar 31, 2026 | -1.48% |
| Dec 31, 2025 | -0.53% |
| Dec 31, 2025 | -0.53% |
| Dec 31, 2025 | -0.53% |
| Jun 30, 2025 | 5.65% |
| Jun 30, 2025 | 5.65% |
| Jun 30, 2025 | 5.65% |
| Mar 31, 2025 | -4.61% |
| Mar 31, 2025 | -4.61% |
| Mar 31, 2025 | -4.61% |
| Dec 31, 2024 | 0.35% |
| Dec 31, 2024 | 0.35% |
| Dec 31, 2024 | 0.35% |
| Sep 30, 2024 | -9.15% |
| Sep 30, 2024 | -9.15% |
| Sep 30, 2024 | -9.15% |
| Jun 30, 2024 | 14.66% |
| Jun 30, 2024 | 14.66% |