Waters (WAT) Tax Rate (2009 - 2026)
Waters (WAT) recorded quarterly Tax Rate of 18.18% in Q2 2026, up 23.27% quarter-over-quarter from 14.75% in Q4 2025, and up 280.0% on a YoY basis from 4.78% in Q2 2025.
Waters (WAT) Tax Rate (2009 - 2026) Analysis & Trends
Waters' Tax Rate history runs 18 years deep, the most recent figure standing at 18.18% for Q2 2026.
- In Q2 2026, Tax Rate rose 280.0% year-over-year to 18.18%; the TTM figure through Apr 2026 stood at 14.26% (down 188.0% YoY), while the FY2025 annual figure was 14.87%, down 63.0% from the prior year.
- Tax Rate was 18.18% for Q2 2026 at Waters, up from 14.75% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 18.18% in Q2 2026 to a low of 9.0% in Q4 2023.
- Historically, Tax Rate has averaged 14.78% across 5 years, with a median of 14.93% in 2022.
- The sharpest annual moves came in 2023 and 2024: Tax Rate plunged 858 bps in 2023, then surged 745 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 17.58% in 2022, then sank by 49 bps to 9.0% in 2023, then surged by 83 bps to 16.46% in 2024, then dropped by 10 bps to 14.75% in 2025, then climbed by 23 bps to 18.18% in 2026.
- The last three Tax Rate figures came in at 18.18% (Q2 2026), 14.75% (Q4 2025), and 12.46% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 18.18% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 4.04% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 16.68% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 21.66% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 16.91% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 17.99% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | -0.35% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 14.65% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 19.17% |
| 10 | Quest Diagnostics | 21.68 Bn | 21.59 Bn | 942.00 Mn | 22.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 4, 2026 | 18.18% |
| Apr 4, 2026 | 18.18% |
| Dec 31, 2025 | 14.75% |
| Dec 31, 2025 | 14.75% |
| Sep 27, 2025 | 12.46% |
| Sep 27, 2025 | 12.46% |
| Jun 28, 2025 | 17.21% |
| Jun 28, 2025 | 17.21% |
| Mar 29, 2025 | 15.38% |
| Mar 29, 2025 | 15.38% |
| Dec 31, 2024 | 16.46% |
| Dec 31, 2024 | 16.46% |
| Sep 28, 2024 | 16.59% |
| Sep 28, 2024 | 16.59% |
| Jun 29, 2024 | 15.75% |
| Jun 29, 2024 | 15.75% |
| Mar 30, 2024 | 11.02% |
| Mar 30, 2024 | 11.02% |
| Dec 31, 2023 | 9.00% |
| Dec 31, 2023 | 9.00% |