10x Genomics (TXG) Tax Rate (2025)
10x Genomics (TXG) reported Tax Rate of 3.83% for Q2 2026, down 2.82 percentage points from 6.65% a year earlier but up 8.68 percentage points from the prior quarter.
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Analysis
10x Genomics (TXG) Tax Rate (2025) Analysis & Trends
Over the twelve months ended Jun 30, 2026, 10x Genomics' Tax Rate came in at -0.31%, up 6.33 percentage points year-over-year; for FY2025, it came in at -9.11%, down 6.34 percentage points from FY2024.
- Tax Rate has declined for three consecutive years, with a five-year change of -7.56 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at -2.77% in FY2024 (-0.23 pp), -2.55% in FY2023 (-0.06 pp), -2.49% in FY2022 (+5.90 pp) and -8.39% in FY2021 (-6.84 pp).
- Five-year quarterly Tax Rate spans a low of -15.36% in Q4 2021 and a high of 6.65% in Q2 2025.
- Year over year, Tax Rate has now declined in each of the last three quarters, with an average year-over-year change of +0.87 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q4 2022 (a gain of 10.46 percentage points); the low point was Q4 2021 (a drop of 13.64 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -4.85% (Q1 2026), -6.97% (Q4 2025) and 2.60% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 8.68% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 39.11% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 19.29% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 21.94% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 16.34% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 18.41% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 14.62% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 18.41% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 53.56% |
| 10 | 10x Genomics | 11.53 Bn | 11.33 Bn | 112.50 Mn | - |
API Access
10x Genomics 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=TXG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "TXG", "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=TXG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();