Waterdrop (WDH) Tax Rate (2020 - 2025)
Waterdrop (WDH) recorded quarterly Tax Rate of 34.64% in Q4 2025, up 704.59% quarter-over-quarter from 5.73% in Q3 2025, and up 3671.0% on a YoY basis from 0.92% in Q4 2024.
Waterdrop (WDH) Tax Rate (2020 - 2025) Analysis & Trends
Waterdrop's Tax Rate history runs 6 years deep, the most recent figure standing at 34.64% for Q4 2025.
- In Q4 2025, Tax Rate rose 3671.0% year-over-year to 34.64%; the TTM figure through Dec 2025 stood at 4.16% (up 677.0% YoY), while the FY2025 annual figure was 3.98%, down 667.0% from the prior year.
- Tax Rate was 34.64% for Q4 2025 at Waterdrop, up from 5.73% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 93.85% in Q2 2023 to a low of 32.88% in Q1 2022.
- Historically, Tax Rate has averaged 2.3% across 5 years, with a median of 1.07% in 2022.
- The sharpest annual moves came in 2023 and 2024: Tax Rate soared 8330 bps in 2023, then tumbled 10159 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 7.63% in 2021, then slumped by 106 bps to 0.43% in 2022, then sank by 4861 bps to 21.33% in 2023, then soared by 90 bps to 2.07% in 2024, then surged 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 2.08% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | American International | 39.85 Bn | 1.02 Bn | 2.60 Bn | 22.70 |
| 2 | Hartford Insurance | 35.40 Bn | 26.34 Bn | 2.15 Bn | 19.02 |
| 3 | Arch Capital | 32.21 Bn | 31.30 Bn | 4.02 Bn | 8.84 |
| 4 | Brookfield Wealth Solutions | 9.95 Bn | -3.21 Bn | 4.62 Bn | -175.00 |
| 5 | FIHL | 2.04 Bn | 2.04 Bn | - | - |
| 6 | International General Insurance Holdings | 1.03 Bn | 811.79 Mn | 111.10 Mn | -1.36 |
| 7 | Waterdrop | 632.07 Mn | 560.72 Mn | 129.34 Mn | 34.64 |
| 8 | Sun Life Financial | 48.32 Mn | -8.02 Bn | - | 16.30 |
| 9 | Exzeo | 1.16 Mn | -230.22 Mn | 32.74 Mn | 26.03 |
| 10 | Aegon | 5,067.42 | 5,067.42 | - | - |
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 | 2.08% |
| Jun 30, 2025 | 2.08% |
| 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 | -21.33% |
| Dec 31, 2023 | -21.33% |
| Sep 30, 2023 | 4.25% |
| Sep 30, 2023 | 4.25% |