STE · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

STERIS plc · 2026-11-05 · Importance 40 · Surprise 30

The effective income tax rate increased to 25.7% in the three months ended September 30, 2026, from 23.9% a year earlier, and to 26.1% for the six months from 23.6%. Six-month income tax expense rose 27.9% to $146.4 million from $114.5 million. The rate increase primarily reflected unfavorable changes in discrete items.

Key facts

• STERIS's effective income tax rate was 25.7% for the three months and 26.1% for the six months ended September 30, 2026, compared with 23.9% and 23.6%, respectively, in 2025; the increases primarily reflected unfavorable changes in discrete items. source
• STERIS identifies changes in tax laws or interpretations and adoption of income tax treaties as risks that could increase consolidated tax liabilities, including a risk of being treated as a U.S. resident for U.S. federal tax purposes. source