Xenon Pharmaceuticals (XENE) Tax Rate (2018 - 2026)
Xenon Pharmaceuticals' (XENE) quarterly Tax Rate came in at 2.45% in Q1 2026, up 311.0% year-on-year from 0.6% in Q1 2025, and up 172.77% on a QoQ basis from 3.37% in Q4 2025.
Xenon Pharmaceuticals (XENE) Tax Rate (2018 - 2026) Analysis & Trends
Xenon Pharmaceuticals (XENE) has 9 years of Tax Rate data on file, last reported at 2.45% in Q1 2026.
- On a quarterly basis, Tax Rate rose 311.0% year-over-year to 2.45% in Q1 2026; TTM through Mar 2026 was 0.31%, a 191.0% decrease from a year earlier, with the FY2025 full-year figure at 1.2%, down 292.0% from the prior year.
- Tax Rate for Q1 2026 stood at 2.45%, up from 3.37% in the prior quarter.
- Over the last five years, Tax Rate for XENE reached as high as 5.53% in Q4 2024 and fell as low as 3.37% in Q4 2025.
- Historically, Tax Rate has averaged 0.3% across 5 years, with a median of 0.46% in 2023.
- Across the five-year window, Tax Rate soared 680 bps in 2022 and slumped 890 bps in 2025, its largest moves.
- Year by year, Tax Rate stood at 3.26% in 2022, then jumped by 114 bps to 0.46% in 2023, then surged by 1113 bps to 5.53% in 2024, then plunged by 161 bps to 3.37% in 2025, then surged by 173 bps to 2.45% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 2.45% in Q1 2026, 3.37% in Q4 2025, and 0.75% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -0.34% |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 12.29% |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -5.41% |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 17.68% |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 12.51% |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | - |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 33.09% |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | - |
| 10 | Xenon Pharmaceuticals | 5.71 Bn | 5.71 Bn | - | 2.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.45% |
| Mar 31, 2026 | 2.45% |
| Mar 31, 2026 | 2.45% |
| Dec 31, 2025 | -3.37% |
| Dec 31, 2025 | -3.37% |
| Dec 31, 2025 | -3.37% |
| Sep 30, 2025 | -0.75% |
| Sep 30, 2025 | -0.75% |
| Sep 30, 2025 | -0.75% |
| Jun 30, 2025 | 0.73% |
| Jun 30, 2025 | 0.73% |
| Jun 30, 2025 | 0.73% |
| Mar 31, 2025 | -0.66% |
| Mar 31, 2025 | -0.66% |
| Mar 31, 2025 | -0.66% |
| Dec 31, 2024 | 5.53% |
| Dec 31, 2024 | 5.53% |
| Dec 31, 2024 | 5.53% |
| Sep 30, 2024 | 0.51% |
| Sep 30, 2024 | 0.51% |