GeneDx Holdings (WGS) Tax Rate (2022 - 2026)

GeneDx Holdings (WGS) posted quarterly Tax Rate of 1.44% for Q1 2026, up 514.0% YoY from 0.23% in Q1 2025, and down 150.77% sequentially from 2.83% in Q4 2025.

GeneDx Holdings (WGS) Tax Rate (2022 - 2026) Analysis & Trends

GeneDx Holdings has disclosed Tax Rate across 5 years of filings, most recently posting 1.44% for Q1 2026.

  • In Q1 2026, Tax Rate rose 514.0% year-over-year to 1.44%; the TTM figure through Mar 2026 stood at 0.43% (down 7.0% YoY), while the FY2025 annual figure was 0.55%, down 10.0% from the prior year.
  • Tax Rate declined to 1.44% in Q1 2026, from 2.83% in the prior quarter.
  • Over the last five years, Tax Rate for WGS reached as high as 36.4% in Q2 2022 and fell as low as 6.58% in Q1 2025.
  • The 5-year median for Tax Rate is 0.32% (2023), against an average of 1.88%.
  • Annual changes were most pronounced in 2023 — Tax Rate plunged 3598 bps — and 2026, when it jumped 514 bps.
  • A 5-year view of Tax Rate shows it stood at 0.02% in 2022, then jumped by 10562 bps to 1.63% in 2023, then plunged by 127 bps to 0.44% in 2024, then soared by 739 bps to 2.83% in 2025, then tumbled by 151 bps to 1.44% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 1.44%, 2.83%, and 2.71% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 18.18%
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 4.04%
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 16.68%
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 21.66%
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn -0.35%
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 16.91%
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 17.99%
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 14.65%
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 19.17%
10 GeneDx Holdings 2.10 Bn 1.93 Bn 68.21 Mn -1.44%

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.44%
Mar 31, 2026 -1.44%
Dec 31, 2025 2.83%
Dec 31, 2025 2.83%
Sep 30, 2025 -2.71%
Sep 30, 2025 -2.71%
Jun 30, 2025 -2.33%
Jun 30, 2025 -2.33%
Mar 31, 2025 -6.58%
Mar 31, 2025 -6.58%
Dec 31, 2024 -0.44%
Dec 31, 2024 -0.44%
Sep 30, 2024 0.56%
Sep 30, 2024 0.56%
Jun 30, 2024 0.65%
Jun 30, 2024 0.65%
Mar 31, 2024 0.40%
Mar 31, 2024 0.40%
Dec 31, 2023 1.63%
Dec 31, 2023 1.63%