Advanced Drainage Systems (WMS) Tax Rate (2013 - 2026)

Advanced Drainage Systems has reported Tax Rate for 14 years, with the latest figure at 13.59% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate fell 976.0% year-over-year to 13.59%; the trailing twelve-month figure through Mar 2026 stood at 24.11% (up 18.0% YoY), and the FY2026 full-year result was 24.11%, up 18.0% from the prior year.
• Tax Rate for Q1 2026 stood at 13.59%, down from 24.9% in the prior quarter.
• The five-year high for Tax Rate was 37.5% in Q1 2022, with the low at 13.59% in Q1 2026.
• Historically, Tax Rate has averaged 23.94% across 5 years, with a median of 23.91% in 2024.
• Annual changes were most pronounced in 2022 — Tax Rate surged 1173 bps — and 2023, when it tumbled 1702 bps.
• Advanced Drainage Systems' Tax Rate stood at 24.0% in 2022, then declined by 7 bps to 22.2% in 2023, then rose by 12 bps to 24.95% in 2024, then retreated by 0 bps to 24.9% in 2025, then plunged by 45 bps to 13.59% in 2026.
• The last three Tax Rate figures came in at 13.59% (Q1 2026), 24.9% (Q4 2025), and 25.17% (Q3 2025), per Business Quant data.