Workiva (WK) Tax Rate (2025 - 2026)
Workiva (WK) reported Tax Rate of 19.71% for Q2 2026, up 29.30 percentage points from -9.59% a year earlier and up 11.80 percentage points from the prior quarter.
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Analysis
Workiva (WK) Tax Rate (2025 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Workiva's Tax Rate came in at 9.75%, up 21.64 percentage points year-over-year; for FY2025, it was -16.75%, down 5.42 percentage points from FY2024.
- Tax Rate has declined for four consecutive years, with a five-year change of -17.35 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at -11.33% in FY2024 (-8.57 pp), -2.76% in FY2023 (-0.57 pp), -2.19% in FY2022 (-5.69 pp) and 3.50% in FY2021 (+2.91 pp).
- The Q2 2026 figure ranks as the highest quarterly Tax Rate in data going back to Q4 2014.
- Year over year, Tax Rate has now increased in each of the last three quarters, with an average year-over-year change of +9.56 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q4 2025 (a gain of 45.19 percentage points); the low point was Q4 2023 (a drop of 46.33 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 7.91% (Q1 2026), 6.13% (Q4 2025) and -28.98% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 456.65 Bn | 425.71 Bn | 1.64 Bn | 1.42% |
| 2 | Oracle | 417.55 Bn | 290.11 Bn | - | 15.11% |
| 3 | Sap Se | 259.04 Bn | 180.13 Bn | 8.40 Bn | - |
| 4 | Salesforce | 194.78 Bn | 150.65 Bn | 8.70 Bn | 22.54% |
| 5 | ServiceNow | 142.47 Bn | 120.93 Bn | 2.82 Bn | 31.96% |
| 6 | Automatic Data Processing | 105.00 Bn | 87.13 Bn | 2.51 Bn | 22.20% |
| 7 | Intuit | 75.89 Bn | 55.24 Bn | 3.44 Bn | 32.78% |
| 8 | Relx | 60.92 Bn | 57.89 Bn | - | - |
| 9 | Strategy | 56.49 Bn | 49.48 Bn | 81.55 Mn | - |
| 10 | Workiva | 3.77 Bn | 343.11 Mn | 205.27 Mn | 19.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.71% |
| Mar 31, 2026 | 7.91% |
| Dec 31, 2025 | 6.13% |
API Access
Workiva Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=WK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "WK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=WK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();