GeneDx Holdings (WGS) Tax Rate (2022 - 2026)
GeneDx Holdings (WGS) posted quarterly Tax Rate of 1.44% for Q1 2026, up 591.0% year-over-year from 0.21% in Q1 2025, and down 146.61% quarter-over-quarter from 3.09% in Q4 2025.
GeneDx Holdings (WGS) Tax Rate (2022 - 2026) Analysis & Trends
GeneDx Holdings (WGS) has reported Tax Rate for 5 consecutive years, with 1.44% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 591.0% year-over-year to 1.44%; the TTM figure through Mar 2026 stood at 0.37% (up 3.0% YoY), while the FY2025 annual figure was 0.55%, down 10.0% from the prior year.
- Tax Rate eased to 1.44% in Q1 2026 per WGS's latest filing, from 3.09% in the prior quarter.
- Across five years, Tax Rate topped out at 36.4% in Q2 2022 and bottomed at 7.35% in Q1 2025.
- Historically, Tax Rate has averaged 1.83% across 5 years, with a median of 0.32% in 2023.
- Annual changes were most pronounced in 2023 — Tax Rate slumped 3598 bps — and 2026, when it soared 591 bps.
- GeneDx Holdings' Tax Rate stood at 0.02% in 2022, then surged by 10562 bps to 1.63% in 2023, then plunged by 149 bps to 0.79% in 2024, then jumped by 490 bps to 3.09% in 2025, then tumbled by 147 bps to 1.44% in 2026.
- Business Quant data shows WGS's Tax Rate at 1.44% in Q1 2026, 3.09% in Q4 2025, and 2.71% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.88 Bn | 209.81 Bn | 8.34 Bn | 8.68% |
| 2 | Danaher | 140.65 Bn | 136.30 Bn | 3.61 Bn | 19.29% |
| 3 | Idexx Laboratories | 46.02 Bn | 45.83 Bn | 779.09 Mn | 18.89% |
| 4 | Agilent Technologies | 39.85 Bn | 38.05 Bn | 990.00 Mn | 16.91% |
| 5 | Iqvia Holdings | 39.20 Bn | 37.12 Bn | 1.44 Bn | 19.93% |
| 6 | Natera | 38.80 Bn | 37.70 Bn | 696.04 Mn | -0.35% |
| 7 | Illumina | 30.11 Bn | 28.94 Bn | 770.00 Mn | 20.38% |
| 8 | Mettler Toledo International | 28.66 Bn | 28.61 Bn | 650.22 Mn | 19.52% |
| 9 | Quest Diagnostics | 26.24 Bn | 25.61 Bn | 1.03 Bn | 21.36% |
| 10 | GeneDx Holdings | 2.08 Bn | 1.94 Bn | 78.24 Mn | 2.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.84% |
| Jun 30, 2026 | 2.84% |
| Jun 30, 2026 | 2.84% |
| Mar 31, 2026 | -1.44% |
| Mar 31, 2026 | -1.44% |
| Mar 31, 2026 | -1.44% |
| Dec 31, 2025 | 3.09% |
| Dec 31, 2025 | 3.09% |
| Dec 31, 2025 | 3.09% |
| Sep 30, 2025 | -2.71% |
| Sep 30, 2025 | -2.71% |
| Sep 30, 2025 | -2.71% |
| Jun 30, 2025 | -2.33% |
| Jun 30, 2025 | -2.33% |
| Jun 30, 2025 | -2.33% |
| Mar 31, 2025 | -7.35% |
| Mar 31, 2025 | -7.35% |
| Mar 31, 2025 | -7.35% |
| Dec 31, 2024 | -0.79% |
| Dec 31, 2024 | -0.79% |