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ADTRAN Holdings (ADTN) Tax Rate (2016 - 2023)

ADTRAN Holdings (ADTN) has disclosed Tax Rate for 15 consecutive years, with 18.76% as the latest value for Q2 2023.

  • Quarterly Tax Rate fell 3130.0% to 18.76% in Q2 2023 from the year-ago period, while the trailing twelve-month figure was 23.34% through Jun 2023, down 10824.0% year-over-year, with the annual reading at 1.66% for FY2024, 1046.0% up from the prior year.
  • Tax Rate for Q2 2023 was 18.76% at ADTRAN Holdings, down from 50.06% in the prior quarter.
  • The five-year high for Tax Rate was 68.5% in Q2 2020, with the low at 291.2% in Q1 2020.
  • Average Tax Rate over 5 years is 27.56%, with a median of 9.3% recorded in 2020.
  • The sharpest move saw Tax Rate plummeted -31977bps in 2020, then skyrocketed 34511bps in 2021.
  • Over 5 years, Tax Rate stood at 154.44% in 2019, then surged by 67bps to 51.65% in 2020, then skyrocketed by 113bps to 6.7% in 2021, then surged by 647bps to 50.06% in 2022, then tumbled by -63bps to 18.76% in 2023.
  • According to Business Quant data, Tax Rate over the past three periods came in at 18.76%, 50.06%, and 68.12% for Q2 2023, Q2 2022, and Q1 2022 respectively.