So-Young International (SY) Tax Rate (2019 - 2024)
So-Young International (SY) recorded Tax Rate of -9.05% in Q2 2026, down 14.69 percentage points from 5.65% a year earlier and down 7.57 percentage points from the prior quarter.
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Analysis
So-Young International (SY) Tax Rate (2019 - 2024) Analysis & Trends
On a TTM basis, So-Young International's Tax Rate came in at -1.09% as of Jun 30, 2026, down 1.79 percentage points year-over-year; for FY2025, it came in at 0.32%, up 0.48 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -4886.34 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at -0.15% in FY2024 (-229.94 pp), 229.78% in FY2023 (+253.86 pp), -24.08% in FY2022 (-153.48 pp) and 129.40% in FY2021 (-4757.27 pp).
- The Q2 2026 figure is the lowest quarterly Tax Rate since Q3 2024.
- On a year-over-year basis, Tax Rate rose in three of the last eight quarters, with an average year-over-year change of -19.35 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 125.82 percentage points in Q3 2023, against a drop of 148.07 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at -1.48% (Q1 2026), -0.54% (Q4 2025) and 1.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 93.08 Bn | 92.52 Bn | - | 22.61% |
| 2 | Natera | 58.93 Bn | 54.61 Bn | 485.19 Mn | - |
| 3 | Quest Diagnostics | 25.75 Bn | 24.18 Bn | 1.03 Bn | 21.36% |
| 4 | Labcorp Holdings | 24.96 Bn | 22.73 Bn | 1.11 Bn | 22.59% |
| 5 | Guardant Health | 23.76 Bn | 19.82 Bn | 219.03 Mn | - |
| 6 | Tenet Healthcare | 20.83 Bn | 11.98 Bn | - | 22.01% |
| 7 | Tempus AI | 13.43 Bn | 10.46 Bn | 246.50 Mn | 3.51% |
| 8 | BrightSpring Health Services | 11.90 Bn | 10.24 Bn | 492.75 Mn | 7.39% |
| 9 | Encompass Health | 11.82 Bn | 12.29 Bn | - | 20.49% |
| 10 | So-Young International | 42.40 Mn | -433.16 Mn | 32.84 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 14.66% |
| Dec 31, 2023 | 129.21% |
| Sep 30, 2023 | 12.91% |
| Dec 31, 2022 | 8.25% |
| Dec 31, 2020 | 25.63% |
| Sep 30, 2020 | 105.83% |
| Jun 30, 2020 | 56.47% |
| Mar 31, 2020 | 10.70% |
| Dec 31, 2019 | 29.32% |
| Sep 30, 2019 | 8.51% |
| Jun 30, 2019 | 26.88% |
| Mar 31, 2019 | 13.28% |
API Access
So-Young International 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=SY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "SY", "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=SY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();