So-Young International (SY) Tax Rate (2018 - 2026)
So-Young International (SY) posted quarterly Tax Rate of 1.48% for Q1 2026, up 314.0% year-over-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.
- 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 for Q1 2026 stood at 1.48%, down from 0.53% in the prior quarter.
- The five-year high for Tax Rate was 129.21% in Q4 2023, with the low at 117.4% in Q3 2022.
- The 5-year median for Tax Rate is 1.0% (2026), against an average of 2.61%.
- The sharpest annual moves came in 2023 and 2024: Tax Rate jumped 13031 bps in 2023, then slumped 12886 bps in 2024.
- So-Young International's Tax Rate stood at 8.0% in 2022, then soared by 1514 bps to 129.21% in 2023, then slumped by 100 bps to 0.35% in 2024, then plunged by 252 bps to 0.53% in 2025, then tumbled by 177 bps to 1.48% in 2026.
- Business Quant data shows SY's Tax Rate at 1.48% in Q1 2026, 0.53% in Q4 2025, and 5.65% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 24.92% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 7.39% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 24.88% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 3.83% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 1.67% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -101.09% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 27.54% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 39.76% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -0.14% |
| 10 | So-Young International | 37.66 Mn | -77.47 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% |