Waterdrop (WDH) Tax Rate (2022 - 2025)
Waterdrop (WDH) recorded Tax Rate of -16.36% in Q2 2026, down 18.43 percentage points from 2.08% a year earlier and down 10.11 percentage points from the prior quarter.
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Analysis
Waterdrop (WDH) Tax Rate (2022 - 2025) Analysis & Trends
On a TTM basis, Waterdrop's Tax Rate came in at 0.45% as of Jun 30, 2026, up 1.42 percentage points year-over-year; for FY2025, it came in at 3.98%, up 6.67 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -4.20 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at -2.69% in FY2024 (-2.36 pp), -0.34% in FY2023 (+3.31 pp), -3.64% in FY2022 (+8.67 pp) and -12.31% in FY2021 (-20.48 pp).
- The Q2 2026 figure is the lowest quarterly Tax Rate since Q4 2023.
- On a year-over-year basis, Tax Rate rose in five of the last eight quarters, with an average year-over-year change of +5.09 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 83.30 percentage points in Q2 2023, against a drop of 101.59 percentage points in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at -6.25% (Q1 2026), 34.64% (Q4 2025) and -5.73% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,248.67 Bn | -185.49 Bn | 56.71 Bn | 18.27% |
| 2 | Chubb | 141.22 Bn | 92.15 Bn | 8.67 Bn | 19.58% |
| 3 | Progressive | 134.26 Bn | 109.78 Bn | 8.29 Bn | 21.45% |
| 4 | Marsh & Mclennan Companies | 98.32 Bn | 90.72 Bn | - | 21.39% |
| 5 | Travelers Companies | 82.09 Bn | 59.57 Bn | 5.93 Bn | 19.08% |
| 6 | Manulife Financial | 75.36 Bn | -19.02 Bn | - | - |
| 7 | Arthur J. Gallagher | 72.54 Bn | 67.17 Bn | 3.33 Bn | 21.17% |
| 8 | Aon | 71.33 Bn | 50.56 Bn | - | 20.59% |
| 9 | Allstate | 65.04 Bn | 22.10 Bn | -9.85 Bn | 20.52% |
| 10 | Waterdrop | 360.88 Mn | -284.72 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 34.64% |
| Jun 30, 2025 | 2.08% |
| Sep 30, 2024 | 8.99% |
| Sep 30, 2023 | 4.25% |
| Jun 30, 2023 | 93.85% |
| Mar 31, 2023 | 5.57% |
| Sep 30, 2022 | 5.69% |
| Jun 30, 2022 | 10.55% |
API Access
Waterdrop Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=WDH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "WDH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=WDH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();