Growth Metrics

Waterdrop (WDH) Tax Rate (2020 - 2025)

Waterdrop's quarterly Tax Rate came in at 34.64% in Q4 2025, up 3671.0% year-on-year from 0.92% in Q4 2024, and up 704.59% quarter-over-quarter from 5.73% in Q3 2025.

Waterdrop has reported Tax Rate for 6 years, with the latest figure at 34.64% in Q4 2025.

  • For the quarter ending Q4 2025, Tax Rate rose 3671.0% year-over-year to 34.64%; the trailing twelve-month figure through Dec 2025 stood at 4.16% (up 676.0% YoY), and the FY2025 full-year result was 3.98%, down 667.0% from the prior year.
  • Tax Rate for Q4 2025 stood at 34.64%, up from 5.73% in the prior quarter.
  • The five-year high for Tax Rate was 93.85% in Q2 2023, with the low at 32.88% in Q1 2022.
  • Average Tax Rate over 5 years is 4.89%, with a median of 1.01% recorded in 2025.
  • Year-over-year, Tax Rate surged 8330 bps in 2023 and tumbled 10159 bps in 2024.
  • Tracing WDH's Tax Rate over 5 years: stood at 7.63% in 2021, then surged by 355 bps to 34.74% in 2022, then tumbled by 161 bps to 21.03% in 2023, then soared by 90 bps to 2.07% in 2024, then soared by 1773 bps to 34.64% in 2025.
  • The last three Tax Rate figures came in at 34.64% (Q4 2025), 5.73% (Q3 2025), and 2.06% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 American International 39.62 Bn 784.91 Mn 2.60 Bn 22.70
2 Hartford Insurance 34.97 Bn 25.91 Bn 2.15 Bn 19.02
3 Aegon 34.55 Bn 34.55 Bn - -29.02
4 Arch Capital 31.37 Bn 30.45 Bn 4.02 Bn 8.84
5 Fidelis Insurance Holdings 2.04 Bn 2.04 Bn 386.80 Mn 4.75
6 International General Insurance Holdings 1.03 Bn 811.79 Mn 70.90 Mn 1.36
7 Waterdrop 762.05 Mn 690.71 Mn 129.34 Mn 34.64
8 Exzeo 1.28 Mn -230.11 Mn 32.74 Mn 26.03
9 Sun Life Financial 43.53 -7.92 Bn - 16.30
10 Sun Life Financial - - - 16.30

Historic Data

Download Data 🔒
DateValue
Dec 31, 2025 34.64
Dec 31, 2025 34.64
Sep 30, 2025 -5.73
Sep 30, 2025 -5.73
Jun 30, 2025 2.06
Jun 30, 2025 2.06
Mar 31, 2025 -11.34
Mar 31, 2025 -11.34
Dec 31, 2024 -2.07
Dec 31, 2024 -2.07
Sep 30, 2024 8.99
Sep 30, 2024 8.99
Jun 30, 2024 -7.75
Jun 30, 2024 -7.75
Mar 31, 2024 -9.63
Mar 31, 2024 -9.63
Dec 31, 2023 -21.03
Dec 31, 2023 -21.03
Sep 30, 2023 4.25
Sep 30, 2023 4.25
Jun 30, 2023 93.85
Jun 30, 2023 93.85
Mar 31, 2023 5.60
Mar 31, 2023 5.60
Dec 31, 2022 34.74
Dec 31, 2022 34.74
Sep 30, 2022 5.69
Sep 30, 2022 5.69
Jun 30, 2022 10.55
Jun 30, 2022 10.55
Mar 31, 2022 -32.88
Mar 31, 2022 -32.88
Dec 31, 2021 7.63
Dec 31, 2021 7.63
Sep 30, 2021 -1.81
Sep 30, 2021 -1.81
Jun 30, 2021 -17.95
Jun 30, 2021 -17.95
Mar 31, 2021 -0.04
Mar 31, 2021 -0.04
Dec 31, 2020 -2.60
Dec 31, 2020 -2.60