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
DateValue
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%