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
DateValue
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%