Xenon Pharmaceuticals (XENE) Tax Rate (2018 - 2026)
Xenon Pharmaceuticals (XENE) posted quarterly Tax Rate of 2.45% for Q1 2026, up 311.0% year-over-year from 0.6% in Q1 2025, and up 172.77% quarter-over-quarter from 3.37% in Q4 2025.
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Xenon Pharmaceuticals (XENE) Tax Rate (2018 - 2026) Analysis & Trends
Xenon Pharmaceuticals (XENE) has reported Tax Rate for 9 consecutive years, with 2.45% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 311.0% year-over-year to 2.45%; the TTM figure through Mar 2026 stood at 0.31% (down 191.0% YoY), while the FY2025 annual figure was 1.2%, down 292.0% from the prior year.
- Tax Rate grew to 2.45% in Q1 2026 per XENE's latest filing, from 3.37% in the prior quarter.
- Across five years, Tax Rate topped out at 5.53% in Q4 2024 and bottomed at 3.37% in Q4 2025.
- Historically, Tax Rate has averaged 0.3% across 5 years, with a median of 0.46% in 2023.
- Annual changes were most pronounced in 2022 — Tax Rate surged 680 bps — and 2025, when it plunged 890 bps.
- Xenon Pharmaceuticals' Tax Rate stood at 3.26% in 2022, then surged by 114 bps to 0.46% in 2023, then soared by 1113 bps to 5.53% in 2024, then plunged by 161 bps to 3.37% in 2025, then soared by 173 bps to 2.45% in 2026.
- Business Quant data shows XENE's Tax Rate at 2.45% in Q1 2026, 3.37% in Q4 2025, and 0.75% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 139.62 Bn | 131.77 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 85.73 Bn | 77.73 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 63.53 Bn | 58.35 Bn | 1.37 Bn | -10.89% |
| 4 | Moderna | 58.23 Bn | 53.09 Bn | 52.00 Mn | -1.96% |
| 5 | Revolution Medicines | 44.05 Bn | 44.05 Bn | - | - |
| 6 | BeOne Medicines | 40.03 Bn | 34.93 Bn | 1.53 Bn | 24.15% |
| 7 | Alnylam Pharmaceuticals | 35.50 Bn | 32.19 Bn | 992.69 Mn | 7.49% |
| 8 | Royalty Pharma | 28.52 Bn | 27.68 Bn | - | - |
| 9 | Insmed | 27.46 Bn | 26.30 Bn | 358.27 Mn | -16.71% |
| 10 | Xenon Pharmaceuticals | 5.93 Bn | 5.93 Bn | - | 0.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.53% |
| Mar 31, 2026 | 2.45% |
| Dec 31, 2025 | 47.08% |
| Sep 30, 2025 | -0.75% |
| Jun 30, 2025 | 0.73% |
| Mar 31, 2025 | -0.66% |
| Dec 31, 2024 | -6.73% |
| Sep 30, 2024 | 0.51% |
| Jun 30, 2024 | 0.57% |
| Mar 31, 2024 | -0.87% |
| Dec 31, 2023 | 0.46% |
| Sep 30, 2023 | 0.32% |
| Jun 30, 2023 | 0.46% |
| Mar 31, 2023 | -0.70% |
| Dec 31, 2022 | -3.26% |
| Sep 30, 2022 | 1.56% |
| Jun 30, 2022 | 0.13% |
| Mar 31, 2022 | 1.96% |
| Dec 31, 2021 | 82.97% |
| Sep 30, 2021 | 1.31% |