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
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%