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IDEXX Laboratories, Inc. (IDXX)
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IDEXX Laboratories, Inc. (IDXX) Tax Rate: 19.99%

Is IDEXX Laboratories, Inc.’s tax rate high or low?

IDEXX Laboratories, Inc.'s tax rate of 19.99% is in line with its 5-year average of 18.49%, near the high end of its 5-year range (12.06%–21.03%).

The tax rate for IDEXX Laboratories, Inc. (IDXX) is 19.99%. It is below its 12-month average by 0.03% (19.99%).

IDXX Tax Rate Chart

IDXX Tax Rate
19.99%-0.05% 1Y
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IDXX Average Tax Rate Chart

IDXX Current vs Average Tax Rate Chart

IDXX Tax Rate Metrics

TAX RATE

19.99%

TAX RATE AVG TTM

19.99%

TAX RATE AVG 3Y

20.35%

TAX RATE AVG 5Y

18.49%

TAX RATE AVG 10Y

21.66%

TAX RATE AVG 15Y

24.11%

TAX RATE AVG 20Y

25.74%

CURRENT VS TTM AVG

-0.03%

CURRENT VS 3Y AVG

-1.76%

CURRENT VS 5Y AVG

+8.12%

CURRENT VS 10Y AVG

-7.69%

CURRENT VS 15Y AVG

-17.09%

CURRENT VS 20Y AVG

-22.34%

IDEXX Laboratories, Inc. Tax Rate Formula & Definition

Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

IDEXX Laboratories, Inc. Tax Rate FAQ

What is the tax rate for IDEXX Laboratories, Inc. (IDXX)?
The tax rate for IDXX stock is 19.99%.
Is IDEXX Laboratories, Inc.'s tax rate high or low?
IDEXX Laboratories, Inc.'s tax rate of 19.99% is in line with its 5-year average of 18.49%, near the high end of its 5-year range (12.06%–21.03%).
What is the TTM average tax rate for IDEXX Laboratories, Inc. (IDXX)?
The TTM average tax rate for IDXX stock is 19.99%.
What is the 3Y average tax rate for IDEXX Laboratories, Inc. (IDXX)?
The 3Y average tax rate for IDXX stock is 20.35%.
What is the 5Y average tax rate for IDEXX Laboratories, Inc. (IDXX)?
The 5Y average tax rate for IDXX stock is 18.49%.
What is the 10Y average tax rate for IDEXX Laboratories, Inc. (IDXX)?
The 10Y average tax rate for IDXX stock is 21.66%.
What is the 15Y average tax rate for IDEXX Laboratories, Inc. (IDXX)?
The 15Y average tax rate for IDXX stock is 24.11%.
What is the 20Y average tax rate for IDEXX Laboratories, Inc. (IDXX)?
The 20Y average tax rate for IDXX stock is 25.74%.

IDEXX Laboratories, Inc. Tax Rate History

DATETAX RATE
2025-12-3119.99%
2024-12-3120.00%
2023-12-3120.37%
2022-12-3121.03%
2021-12-3117.48%
2020-12-3112.06%
2019-12-3118.08%
2018-12-3117.63%
2017-12-3130.91%
2016-12-3131.01%
2015-12-3129.66%
2014-12-3126.20%
2013-12-3128.67%
2012-12-3131.59%
2011-12-3131.00%
2010-12-3130.08%
2009-12-3129.97%
2008-12-3131.74%
2007-12-3130.28%
2006-12-3128.47%
2005-12-3134.33%
2004-12-3129.85%
2003-12-3131.56%
2002-12-3134.00%
2001-12-3136.00%
2000-12-3137.11%
1999-12-3138.02%
1998-12-31-1166.67%
1997-12-3134.47%
1996-12-3141.05%

About IDEXX Laboratories, Inc.

IDEXX Laboratories, Inc. is a global enterprise focused on creating, producing, and distributing a wide array of products and services. Its primary client base includes companion animal veterinary practices, the livestock and poultry industries, dairy operations, and water quality testing sectors. The company organizes its operations across several key divisions: the Companion Animal Group (CAG), Water Quality Products, Livestock, Poultry, and Dairy (LPD), and additional segments. For companion animals, IDEXX offers a comprehensive suite of point-of-care veterinary diagnostic tools, such as instruments, consumables, and rapid assay kits. It also provides reference laboratory diagnostic and consultation services, alongside practice management and diagnostic imaging solutions for veterinarians. Furthermore, the company supports the biomedical research community with health monitoring, biological materials testing, and laboratory animal diagnostic instruments and services. In the livestock, poultry, and dairy markets, IDEXX supplies diagnostic and health-monitoring solutions. Its water testing portfolio includes products designed to detect various microbiological contaminants, notably the Colilert, Colilert-18, and Colisure tests for total coliforms and E. coli, as well as Enterolert, Pseudalert, Filta-Max, Filta-Max xpress, Legiolert, and Quanti-Tray products. Beyond these, IDEXX extends its reach to human point-of-care medical diagnostics, offering electrolyte and blood gas analyzers, and SARS-CoV-2 RT-PCR tests. Other key offerings encompass in-clinic chemistry, blood and urine chemistry, hematology, and SediVue Dx analyzers, as well as SNAP rapid assay test kits. Veterinary software and services for both independent clinics and large corporate veterinary groups are also part of its offerings. The company distributes its extensive product and service catalog through its own dedicated marketing, customer service, sales, and technical service teams, supplemented by independent distributors and other resellers. IDEXX Laboratories, Inc. was established in 1983 and maintains its headquarters in Westbrook, Maine.

Westbrook, ME
11,000 employees
Healthcare / Medical - Diagnostics & Research
Sector
Healthcare
Industry
Medical - Diagnostics & Research
CEO
Jonathan J. Mazelsky