PODD · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

INSULET CORP · 2026-11-04 · Importance 41 · Surprise 48

The effective tax rate was 20.4% for the third quarter of 2026 and 20.0% for the first nine months, down from 28.7% and 27.0%, respectively, in 2025. Nine-month income tax expense increased to $81.7 million from $53.9 million as pretax income rose to $408.9 million from $199.3 million. The 2026 effective rate was below the U.S. statutory rate primarily because of R&D credits, a favorable jurisdictional profit mix, and improved foreign tax credit utilization. The higher 2025 rate reflected nondeductible charges related to the Convertible Senior Notes repurchase.

Key facts

• Insulet’s effective tax rate was 20.4% for the three months ended September 30, 2026, compared with 28.7% in 2025. source
• Insulet’s effective tax rate was 20.0% for the nine months ended September 30, 2026, compared with 27.0% in 2025. source
• Insulet’s effective tax rate was 20.4% for the three months and 20.0% for the nine months ended September 30, 2026. source
• Insulet’s effective tax rate was 28.7% for the three months and 27.0% for the nine months ended September 30, 2025. source
• The Netherlands and the United Kingdom enacted legislation implementing aspects of Pillar Two during 2025; the 15% global minimum corporate tax did not materially affect Insulet’s financial statements for the three and nine months ended September 30, 2026, and the company continues to monitor potential future effects. source
• The OBBBA was enacted in the United States during 2025 and contains multiple effective dates through 2027; its effects were not material to Insulet’s financial statements for the three and nine months ended September 30, 2026. source
• The effective tax-rate decreases in both periods primarily reflected the prior-year nondeductible Convertible Senior Notes extinguishment loss and changes in jurisdictional profit mix. source