IDXX · 8-K · 20260804PR090033
Income Tax Rate Changes
IDEXX LABORATORIES INC /DE · 2026-08-04 · Importance 57 · Surprise 22 · In source text
Second-quarter income tax provision increased to $78.8 million from $68.4 million as pretax income increased to $417.2 million from $362.4 million. The quarter included a $0.14-per-share tax benefit from share-based compensation. IDEXX projects a 2026 effective tax rate of approximately 21.1%, down from prior guidance of approximately 21.4%. The projected 2026 share-based compensation tax benefit increased to approximately $19 million from $15 million, or approximately 1.3% of the effective tax rate.
Key facts
- Projected effective tax rate for 2026: ~ 21.1% (prior ~21.4%). source
- Share-based compensation tax benefit projected for 2026: ~ $19 (was ~ $15 prior outlook). source
- Second quarter EPS included $0.14 per share in tax benefits from share-based compensation and $0.06 per share benefit from year-over-year currency changes. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | committed | +1.3% | Share-based compensation tax benefit projected for 2026: ~ $19 (was ~ $15 prior outlook). |
| net_income | positive | committed | — | Projected effective tax rate for 2026: ~ 21.1% (prior ~21.4%). |