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| Date | Value |
|---|---|
| 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 |