PODD · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

INSULET CORP · 2026-08-05 · Importance 51 · Surprise 64

The effective tax rate was 19.7% for the first six months of 2026, down from 24.3% in the prior-year period. Income tax expense increased to $45.6 million from $18.6 million because pretax income increased to $231.7 million from $76.5 million, despite the lower rate. The 2026 rate benefited from U.S. research and development credits, increased income taxed at reduced rates, and improved utilization of foreign tax credits. These benefits were partly offset by state income taxes and other permanent differences.

Key facts

• The Company's effective tax rate was 20.0% and 19.7% for the three and six months ended June 30, 2026, respectively. source
• Our effective tax rate was 20.0% and 19.7% for the three and six months ended June 30, 2026, respectively, compared with 20.8% and 24.3% for the three and six months ended June 30, 2025, respectively. source
• The decreases in the effective tax rate in both periods were primarily due to non-deductible charges from the extinguishment of convertible debt in the prior year, as well as changes in the jurisdictional profit mix. source
• The Company’s effective tax rate was 20.8% and 24.3% for the three and six months ended June 30, 2025, respectively. source