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| 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% |