Xenon Pharmaceuticals (XENE) Tax Rate (2018 - 2026)
Xenon Pharmaceuticals (XENE) reported Tax Rate of 2.45% for Q1 2026, up 311.0% year-over-year from 0.6% in Q1 2025, and up 61.65% quarter-over-quarter from 1.52% 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.
- Tax Rate for Q1 2026 came in at 2.45%, up 311.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.57% (down 513.0% YoY), and the FY2025 annual result was 68.29%, up 6661.0% from the prior year.
- Tax Rate climbed to 2.45% in Q1 2026 per XENE's latest filing, from 1.52% in the prior quarter.
- Over five years, Tax Rate peaked at 5.16% in Q4 2024 and troughed at 3.52% in Q4 2022.
- A 5-year average of 0.55% and a median of 0.51% in 2024 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2024 and 2025: Tax Rate jumped 461 bps in 2024, then plunged 365 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 3.52% in 2022, then surged by 116 bps to 0.56% in 2023, then jumped by 826 bps to 5.16% in 2024, then plunged by 71 bps to 1.52% in 2025, then jumped by 62 bps to 2.45% in 2026.
- Business Quant data shows XENE's Tax Rate at 2.45% in Q1 2026, 1.52% in Q4 2025, and 0.75% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | - |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | - |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -57.14 |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -6.79 |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 5.61 |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 17.68 |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | - |
| 10 | Xenon Pharmaceuticals | 4.61 Bn | 4.61 Bn | - | 2.45 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.45% |
| Mar 31, 2026 | 2.45% |
| Dec 31, 2025 | 1.52% |
| Dec 31, 2025 | 1.52% |
| Sep 30, 2025 | -0.75% |
| Sep 30, 2025 | -0.75% |
| Jun 30, 2025 | 0.73% |
| Jun 30, 2025 | 0.73% |
| Mar 31, 2025 | -0.66% |
| Mar 31, 2025 | -0.66% |
| Dec 31, 2024 | 5.16% |
| Dec 31, 2024 | 5.16% |
| Sep 30, 2024 | 0.51% |
| Sep 30, 2024 | 0.51% |
| Jun 30, 2024 | 0.57% |
| Jun 30, 2024 | 0.57% |
| Mar 31, 2024 | -0.87% |
| Mar 31, 2024 | -0.87% |
| Dec 31, 2023 | 0.56% |
| Dec 31, 2023 | 0.56% |