Tucows (TCX) Tax Rate (2010 - 2021)
Tucows' Tax Rate came in at -18.05% for Q2 2026, down 0.89 percentage points from -17.16% a year earlier and down 2.78 percentage points from the prior quarter.
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Analysis
Tucows (TCX) Tax Rate (2010 - 2021) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Tucows reported Tax Rate of -13.01%, down 2.01 percentage points year-over-year; for FY2025, it was -12.64%, down 4.80 percentage points from FY2024.
- Tax Rate carries a five-year change of -58.97 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was -7.84% in FY2024 (-14.51 pp), 6.67% in FY2023 (+5.89 pp), 0.78% in FY2022 (-52.95 pp) and 53.73% in FY2021 (+7.40 pp).
- The Q2 2026 figure represents the lowest quarterly Tax Rate since Q2 2022.
- Year-over-year, Tax Rate increased in two of the last eight quarters, with an average year-over-year change of -5.96 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q4 2021 (a gain of 196.97 percentage points), and the weakest in Q4 2022 (a drop of 245.40 percentage points).
- Business Quant data shows TCX's Tax Rate at -15.27% (Q1 2026), -7.88% (Q4 2025) and -12.14% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,780.05 Bn | 3,703.20 Bn | 60.48 Bn | 18.80% |
| 2 | International Business Machines | 207.28 Bn | 158.18 Bn | 9.91 Bn | 12.63% |
| 3 | Cloudflare | 113.42 Bn | 96.95 Bn | 499.52 Mn | - |
| 4 | Equinix | 100.18 Bn | 88.73 Bn | 1.40 Bn | 8.80% |
| 5 | Nebius | 60.05 Bn | 33.49 Bn | 448.70 Mn | - |
| 6 | CoreWeave | 47.35 Bn | 34.44 Bn | 1.70 Bn | - |
| 7 | Verisign | 25.30 Bn | 22.51 Bn | 384.60 Mn | 23.12% |
| 8 | Nutanix | 18.96 Bn | 10.65 Bn | 651.35 Mn | - |
| 9 | Akamai Technologies | 15.57 Bn | 8.98 Bn | 613.75 Mn | 20.62% |
| 10 | Tucows | 107.59 Mn | -81.71 Mn | 25.78 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2021 | 252.44% |
| Mar 31, 2021 | 34.03% |
| Dec 31, 2020 | 55.47% |
| Sep 30, 2020 | 52.50% |
| Jun 30, 2020 | 74.09% |
| Mar 31, 2020 | 27.98% |
| Dec 31, 2019 | 33.91% |
| Sep 30, 2019 | 42.70% |
| Jun 30, 2019 | 41.01% |
| Mar 31, 2019 | 30.99% |
| Dec 31, 2018 | 54.15% |
| Sep 30, 2018 | 20.40% |
| Jun 30, 2018 | 25.39% |
| Mar 31, 2018 | 24.01% |
| Sep 30, 2017 | 34.64% |
| Jun 30, 2017 | 17.12% |
| Dec 31, 2016 | 47.71% |
| Sep 30, 2016 | 34.46% |
| Jun 30, 2016 | 33.79% |
| Mar 31, 2016 | 30.04% |
API Access
Tucows 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=TCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "TCX", "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=TCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();