10x Genomics (TXG) Tax Rate (2018 - 2026)
10x Genomics' (TXG) quarterly Tax Rate came in at 4.85% in Q1 2026, down 231.0% year-on-year from 3.7% in Q1 2025, and up 30.43% quarter-over-quarter from 6.97% in Q4 2025.
10x Genomics (TXG) Tax Rate (2018 - 2026) Analysis & Trends
10x Genomics has disclosed Tax Rate across 9 years of filings, most recently posting 4.85% for Q1 2026.
- Tax Rate for Q1 2026 came in at 4.85%, down 231.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.71% (down 1534.0% YoY), and the FY2025 annual result was 9.11%, down 634.0% from the prior year.
- Tax Rate came in at 4.85% for Q1 2026 at 10x Genomics, up from 6.97% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 6.65% in Q2 2025 to a low of 6.97% in Q4 2025.
- The 5-year median for Tax Rate is 2.54% (2025), against an average of 2.34%.
- Across the five-year window, Tax Rate jumped 1046 bps in 2022 and plunged 563 bps in 2025, its largest moves.
- 10x Genomics' Tax Rate stood at 4.9% in 2022, then slipped by 3 bps to 5.05% in 2023, then soared by 73 bps to 1.34% in 2024, then tumbled by 420 bps to 6.97% in 2025, then surged by 30 bps to 4.85% in 2026.
- The last three Tax Rate figures came in at 4.85% (Q1 2026), 6.97% (Q4 2025), and 2.6% (Q3 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 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | -4.92 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.85% |
| Mar 31, 2026 | -4.85% |
| Dec 31, 2025 | -6.97% |
| Dec 31, 2025 | -6.97% |
| Sep 30, 2025 | 2.60% |
| Sep 30, 2025 | 2.60% |
| Jun 30, 2025 | 6.65% |
| Jun 30, 2025 | 6.65% |
| Mar 31, 2025 | -2.54% |
| Mar 31, 2025 | -2.54% |
| Dec 31, 2024 | -1.34% |
| Dec 31, 2024 | -1.34% |
| Sep 30, 2024 | -3.82% |
| Sep 30, 2024 | -3.82% |
| Jun 30, 2024 | -2.21% |
| Jun 30, 2024 | -2.21% |
| Mar 31, 2024 | -3.71% |
| Mar 31, 2024 | -3.71% |
| Dec 31, 2023 | -5.05% |
| Dec 31, 2023 | -5.05% |