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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 234.15 Bn | 230.09 Bn | 8.34 Bn | 8.68% |
| 2 | Danaher | 152.10 Bn | 147.75 Bn | 3.61 Bn | 19.29% |
| 3 | Natera | 48.48 Bn | 47.38 Bn | 486.15 Mn | 0.45% |
| 4 | Agilent Technologies | 44.35 Bn | 42.55 Bn | 990.00 Mn | 16.91% |
| 5 | Iqvia Holdings | 43.68 Bn | 41.60 Bn | 1.44 Bn | 19.93% |
| 6 | Idexx Laboratories | 43.02 Bn | 42.83 Bn | 779.09 Mn | 18.89% |
| 7 | Illumina | 34.39 Bn | 33.22 Bn | 770.00 Mn | 20.38% |
| 8 | Mettler Toledo International | 28.29 Bn | 28.24 Bn | 650.22 Mn | 19.52% |
| 9 | Labcorp Holdings | 27.51 Bn | 27.37 Bn | 1.11 Bn | 22.59% |
| 10 | GeneDx Holdings | 2.65 Bn | 2.52 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 | -3.34 |
| Sep 30, 2025 | -3.34 |
| Sep 30, 2025 | -3.34 |
| 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 | -0.44 |
| Dec 31, 2024 | -0.44 |