Vertex Pharmaceuticals (VRTX) Tax Rate (2011 - 2026)
Vertex Pharmaceuticals (VRTX) posted quarterly Tax Rate of 17.68% for Q1 2026, up 616.0% year-over-year from 2.47% in Q1 2025, and up 68.2% quarter-over-quarter from 10.51% in Q4 2025.
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Analysis
Vertex Pharmaceuticals (VRTX) Tax Rate (2011 - 2026) Analysis & Trends
Vertex Pharmaceuticals' Tax Rate history runs 16 years deep, the most recent figure standing at 17.68% for Q1 2026.
- In Q1 2026, Tax Rate rose 616.0% year-over-year to 17.68%; the TTM figure through Mar 2026 stood at 16.02% (up 24543.0% YoY), while the FY2025 annual figure was 14.86%, down 30067.0% from the prior year.
- Tax Rate for Q1 2026 stood at 17.68%, up from 10.51% in the prior quarter.
- The five-year high for Tax Rate was 23.95% in Q4 2022, with the low at 5.97% in Q2 2024.
- The 5-year median for Tax Rate is 17.68% (2026), against an average of 16.15%.
- The sharpest annual moves came in 2022 and 2025: Tax Rate plunged 23070 bps in 2022, then jumped 2546 bps in 2025.
- Vertex Pharmaceuticals' Tax Rate stood at 23.95% in 2022, then tumbled by 35 bps to 15.58% in 2023, then gained by 26 bps to 19.67% in 2024, then plunged by 47 bps to 10.51% in 2025, then soared by 68 bps to 17.68% in 2026.
- Business Quant data shows VRTX's Tax Rate at 17.68% in Q1 2026, 10.51% in Q4 2025, and 16.62% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 139.62 Bn | 131.77 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 85.73 Bn | 77.73 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 63.53 Bn | 58.35 Bn | 1.37 Bn | -10.89% |
| 4 | Moderna | 58.23 Bn | 53.09 Bn | 52.00 Mn | -1.96% |
| 5 | Revolution Medicines | 44.05 Bn | 44.05 Bn | - | - |
| 6 | BeOne Medicines | 40.03 Bn | 34.93 Bn | 1.53 Bn | 24.15% |
| 7 | Alnylam Pharmaceuticals | 35.50 Bn | 32.19 Bn | 992.69 Mn | 7.49% |
| 8 | Royalty Pharma | 28.52 Bn | 27.68 Bn | - | - |
| 9 | Insmed | 27.46 Bn | 26.30 Bn | 358.27 Mn | -16.71% |
| 10 | Incyte | 25.59 Bn | 21.05 Bn | 1.57 Bn | 22.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.98% |
| Mar 31, 2026 | 17.68% |
| Dec 31, 2025 | 10.51% |
| Sep 30, 2025 | 16.62% |
| Jun 30, 2025 | 19.49% |
| Mar 31, 2025 | 11.51% |
| Dec 31, 2024 | 19.67% |
| Sep 30, 2024 | 14.60% |
| Jun 30, 2024 | -5.97% |
| Mar 31, 2024 | 14.03% |
| Dec 31, 2023 | 15.58% |
| Sep 30, 2023 | 12.20% |
| Jun 30, 2023 | 21.16% |
| Mar 31, 2023 | 21.50% |
| Dec 31, 2022 | 23.95% |
| Sep 30, 2022 | 20.90% |
| Jun 30, 2022 | 20.88% |
| Mar 31, 2022 | 20.18% |
| Dec 31, 2021 | 11.57% |
| Sep 30, 2021 | 21.32% |