CHE · 10-Q · 2026Q1 · Full report
Income Tax and Payables
CHEMED CORP · 2026-04-28 · Importance 30 · Surprise 14
Income taxes payable increased $23.3 million from December 31, 2025 to March 31, 2026 due to the timing of payments. The consolidated income tax provision for Q1 2026 was $22.5 million versus $23.9 million in Q1 2025, producing an effective tax rate of 25.4% in Q1 2026 compared with 25.0% in Q1 2025. Changes in stock-based compensation flows and state/local tax items affected the reconciliation between statutory and effective tax rates for the quarter. The company recorded excess tax expense on stock compensation and adjusted its adjusted net income for tax impacts of pre-tax adjustments in the period.
Key facts
- Income tax provision for the three months ended March 31, 2026: $22,538 thousand
- Income taxes payable increased $23.3 million from December 31, 2025 to March 31, 2026 due to timing of payments
- Effective tax rate for the three months ended March 31, 2026: 25.4% versus 25.0% for the prior year period
- Interest income (component of other income) for the three months ended March 31, 2026 included $2,076 thousand (other income—net total $4,774 thousand)
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -1.5% | Income taxes payable increased $23.3 million from December 31, 2025 to March 31, 2026 due to timing of payments |
| net_income | negative | realized | — | Income tax provision for the three months ended March 31, 2026: $22,538 thousand |