Waters (WAT) Tax Rate (2009 - 2026)

Waters (WAT) posted quarterly Tax Rate of 18.18% for Q2 2026, up 280.0% year-over-year from 4.78% in Q2 2025, and up 23.27% on a QoQ basis from 14.75% in Q4 2025.

Waters (WAT) Tax Rate (2009 - 2026) Analysis & Trends

Waters (WAT) has reported Tax Rate for 18 consecutive years, with 18.18% the latest figure, recorded in 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 came in at 18.18% for Q2 2026 at Waters, up from 14.75% in the prior quarter.
  • The five-year high for Tax Rate was 18.18% in Q2 2026, with the low at 9.0% in Q4 2023.
  • Average Tax Rate over 5 years is 14.78%, with a median of 14.93% recorded in 2022.
  • Across the five-year window, Tax Rate sank 858 bps in 2023 and surged 745 bps in 2024, its largest moves.
  • Year by year, Tax Rate stood at 17.58% in 2022, then slumped by 49 bps to 9.0% in 2023, then surged by 83 bps to 16.46% in 2024, then retreated by 10 bps to 14.75% in 2025, then rose by 23 bps to 18.18% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 18.18%, 14.75%, and 12.46% for Q2 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 18.18%
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 4.04%
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 16.68%
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 21.66%
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn -0.35%
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 16.91%
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 17.99%
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 14.65%
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 19.17%
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn 22.16%

Historic Data

Download Data
DateValue
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%