10x Genomics (TXG) Tax Rate (2018 - 2026)
10x Genomics recorded quarterly Tax Rate of 4.85% in Q1 2026, up 30.43% quarter-over-quarter from 6.97% in Q4 2025, and down 231.0% year-over-year from 3.7% in Q1 2025.
10x Genomics' Tax Rate history runs 9 years deep, the most recent figure standing at 4.85% for Q1 2026.
- In Q1 2026, Tax Rate fell 231.0% year-over-year to 4.85%; the TTM figure through Mar 2026 stood at 17.71% (down 1534.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 2.34% and a median of 2.54% in 2025 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate surged 1046 bps in 2022 and tumbled 563 bps in 2025, its largest moves.
- 10x Genomics' Tax Rate stood at 4.9% in 2022, then dropped by 3 bps to 5.05% in 2023, then jumped by 73 bps to 1.34% in 2024, then slumped by 420 bps to 6.97% in 2025, then soared by 30 bps to 4.85% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 4.85%, 6.97%, and 2.6% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 23.09 |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 10.32 |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 24.88 |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 2.26 |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 40.49 |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 27.58 |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -4.85 |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 60.15 |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 32.53 |
| 10 | Teladoc Health | 1.42 Bn | 672.39 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 |
| Sep 30, 2023 | -1.35 |
| Sep 30, 2023 | -1.35 |
| Jun 30, 2023 | -2.71 |
| Jun 30, 2023 | -2.71 |
| Mar 31, 2023 | -2.20 |
| Mar 31, 2023 | -2.20 |
| Dec 31, 2022 | -4.90 |
| Dec 31, 2022 | -4.90 |
| Sep 30, 2022 | -4.69 |
| Sep 30, 2022 | -4.69 |
| Jun 30, 2022 | -0.98 |
| Jun 30, 2022 | -0.98 |
| Mar 31, 2022 | -1.72 |
| Mar 31, 2022 | -1.72 |
| Dec 31, 2021 | -15.36 |
| Dec 31, 2021 | -15.36 |
| Sep 30, 2021 | -3.14 |
| Sep 30, 2021 | -3.14 |
| Jun 30, 2021 | -10.99 |
| Jun 30, 2021 | -10.99 |
| Mar 31, 2021 | -3.91 |
| Mar 31, 2021 | -3.91 |
| Dec 31, 2020 | -1.70 |
| Dec 31, 2020 | -1.70 |
| Sep 30, 2020 | -0.90 |
| Sep 30, 2020 | -0.90 |
| Jun 30, 2020 | -1.06 |
| Jun 30, 2020 | -1.06 |
| Mar 31, 2020 | -1.43 |
| Mar 31, 2020 | -1.43 |
| Dec 31, 2019 | -1.68 |
| Dec 31, 2019 | -1.68 |
| Sep 30, 2019 | -0.08 |
| Sep 30, 2019 | -0.08 |
| Jun 30, 2019 | -0.63 |
| Jun 30, 2019 | -0.63 |
| Mar 31, 2019 | -0.94 |
| Mar 31, 2019 | -0.94 |
| Dec 31, 2018 | -0.06 |
| Dec 31, 2018 | -0.06 |
| Sep 30, 2018 | -0.10 |
| Sep 30, 2018 | -0.10 |