GeneDx Holdings (WGS) Tax Rate (2022 - 2026)
GeneDx Holdings (WGS) reported Tax Rate of 1.44% for Q1 2026, up 514.0% year-over-year from 0.23% in Q1 2025, and down 150.77% quarter-over-quarter from 2.83% in Q4 2025.
GeneDx Holdings (WGS) Tax Rate (2022 - 2026) Analysis & Trends
GeneDx Holdings (WGS) has 5 years of Tax Rate data on file, last reported at 1.44% in Q1 2026.
- Tax Rate for Q1 2026 came in at 1.44%, up 514.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.43% (down 7.0% YoY), and the FY2025 annual result was 0.55%, down 10.0% from the prior year.
- Tax Rate slipped to 1.44% in Q1 2026 per WGS's latest filing, from 2.83% in the prior quarter.
- Over five years, Tax Rate peaked at 36.4% in Q2 2022 and troughed at 6.58% in Q1 2025.
- A 5-year average of 1.88% and a median of 0.32% in 2023 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2026: Tax Rate slumped 3598 bps in 2023, then jumped 514 bps in 2026.
- 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 slumped by 127 bps to 0.44% in 2024, then soared by 739 bps to 2.83% in 2025, then sank by 151 bps to 1.44% in 2026.
- Business Quant data shows WGS's Tax Rate at 1.44% in Q1 2026, 2.83% in Q4 2025, and 2.71% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 18.18% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 4.04% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 16.68% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 21.66% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 16.91% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 17.99% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | -0.35% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 14.65% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 19.17% |
| 10 | GeneDx Holdings | 1.52 Bn | 1.35 Bn | 68.21 Mn | -1.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |