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ESPP lookback return calculator

Raw and after-tax return on a qualified ESPP with a 15% discount and 6-month lookback.

Calculator

ESPP lookback return calculator

A qualified ESPP with a 6-month lookback and 15% discount has a minimum guaranteed return on every period. Model what it actually pays out after tax.

Shares purchased
196
Purchase price $76.50
Gross value
$23,529
Raw return 56.9%
After-tax return
37.0%
Sell immediately (disqualifying)
Holding 2 years+ (qualifying disposition)
Ordinary income at sale
$2,647
Long-term gain
$5,882
Total tax
$1,809
After-tax return
44.8%

Simplified model · assumes single offering · qualifying disposition requires ≥2 years from grant and ≥1 year from purchase · Consult your ESPP plan document

How to read the result

A qualified ESPP with a lookback provision guarantees a minimum return equal to the discount. The precise return depends on which end of the offering period sets the purchase price and on whether you sell immediately or hold past the qualifying disposition window.

This tool is educational. It uses 2025 single-filer federal brackets, a simplified state-tax model, and does not substitute for a CPA review of your specific facts. For a second set of eyes on a meaningful event, match with a fiduciary advisor who routinely works with equity compensation.

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Free PDF checklist. Quarterly tax-planning cadence for RSU holders, AMT tripwires for ISO exercises, and the 10b5-1 calendar our reviewers send clients.