Vanda Pharmaceuticals (VNDA) Tax Rate (2011 - 2023)
Vanda Pharmaceuticals (VNDA) recorded Tax Rate of -0.21% in Q2 2026, down 22.28 percentage points from 22.07% a year earlier but up 0.09 percentage points from the prior quarter.
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Analysis
Vanda Pharmaceuticals (VNDA) Tax Rate (2011 - 2023) Analysis & Trends
On a TTM basis, Vanda Pharmaceuticals' Tax Rate came in at -55.13% as of Jun 30, 2026, down 76.43 percentage points year-over-year; for FY2025, it came in at -59.02%, down 76.56 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -85.30 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 17.54% in FY2024 (-42.88 pp), 60.42% in FY2023 (+15.95 pp), 44.47% in FY2022 (+22.72 pp) and 21.74% in FY2021 (-4.53 pp).
- Quarterly Tax Rate has ranged from -271.64% in Q4 2025 to 250.00% in Q3 2023 over the past five years.
- On a year-over-year basis, Tax Rate has declined for three consecutive quarters, with an average year-over-year change of -60.87 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 209.71 percentage points in Q3 2023, against a drop of 296.03 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -0.30% (Q1 2026), -271.64% (Q4 2025) and 20.44% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 17.98% |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 15.47% |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | - |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | - |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | - |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 14.20% |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | - |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | - |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 20.98% |
| 10 | Vanda Pharmaceuticals | 296.83 Mn | -633.11 Mn | 46.97 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2023 | 42.44% |
| Mar 31, 2023 | 41.61% |
| Dec 31, 2022 | 28.35% |
| Sep 30, 2022 | 40.29% |
| Jun 30, 2022 | 32.08% |
| Dec 31, 2021 | 17.56% |
| Sep 30, 2021 | 27.98% |
| Jun 30, 2021 | 23.80% |
| Mar 31, 2021 | 17.26% |
| Dec 31, 2020 | 24.88% |
| Sep 30, 2020 | 29.76% |
| Jun 30, 2020 | 21.64% |
| Mar 31, 2020 | 64.46% |
| Dec 31, 2019 | 27.44% |
| Jun 30, 2019 | 0.16% |
| Sep 30, 2018 | 1.38% |
| Jun 30, 2018 | 1.91% |
| Mar 31, 2011 | 4.23% |
API Access
Vanda Pharmaceuticals 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=VNDA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "VNDA", "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=VNDA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();