Macro Bank (BMA) Tax Rate (2011 - 2024)
Macro Bank (BMA) reported Tax Rate of 24.43% for the quarter ended Sep 30, 2024, down 36.08 percentage points from 60.51% a year earlier and down 12.39 percentage points from the prior quarter.
Macro Bank (BMA) Tax Rate (2011 - 2024) Analysis & Trends
Over the twelve months ended Sep 30, 2024, Macro Bank's Tax Rate came in at 27.26%, down 7.58 percentage points year-over-year; for the year ended Dec 31, 2014, it came in at 35.90%, up 28.24 percentage points from the prior year.
- Tax Rate has a five-year change of +48.18 percentage points (years ended Dec 2009 to Dec 2014).
- By year, Tax Rate came in at 7.66% in the year ended Dec 31, 2013, -8.05% in the year ended Dec 31, 2011 (-2.30 pp) and -5.75% in the year ended Dec 31, 2010 (+6.52 pp).
- The figure for the quarter ended Sep 30, 2024 ranks as the lowest quarterly Tax Rate since the quarter ended Dec 31, 2022.
- Year over year, Tax Rate gained in five of the last eight quarters, with an average year-over-year change of +5.82 percentage points.
- The high point for year-over-year Tax Rate in five years was the quarter ended Sep 30, 2020 (a gain of 52.54 percentage points); the low point was the quarter ended Sep 30, 2021 (a drop of 36.89 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Sep 30, 2024 came in at 36.82% (quarter ended Jun 30, 2024), 24.54% (quarter ended Mar 31, 2024) and 31.42% (quarter ended Dec 31, 2023).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 895.36 Bn | 924.83 Bn | - | 23.12% |
| 2 | Banco Santander Chile | 425.01 Bn | 544.95 Bn | - | - |
| 3 | Bank Of America | 389.22 Bn | -1,986.85 Bn | - | 21.54% |
| 4 | Hsbc Holdings | 347.56 Bn | 347.61 Bn | - | - |
| 5 | Morgan Stanley | 304.44 Bn | -204.66 Bn | - | 23.07% |
| 6 | Royal Bank Of Canada | 281.54 Bn | 132.29 Bn | - | 22.26% |
| 7 | Mitsubishi Ufj Financial | 277.23 Bn | -1,311.26 Bn | 10.89 Bn | 16.66% |
| 8 | Goldman Sachs | 267.12 Bn | -3,289.99 Bn | - | 22.60% |
| 9 | Wells Fargo & Company | 244.76 Bn | 246.90 Bn | - | 17.42% |
| 10 | Macro Bank | 42.19 Bn | 5,273.71 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 24.43% |
| Mar 31, 2024 | 24.54% |
| Dec 31, 2023 | 31.42% |
| Sep 30, 2023 | 60.51% |
| Jun 30, 2023 | 30.41% |
| Mar 31, 2023 | 36.28% |
| Dec 31, 2022 | 22.11% |
| Sep 30, 2022 | 46.71% |
| Jun 30, 2022 | 33.33% |
| Mar 31, 2022 | 20.78% |
| Sep 30, 2021 | 2.67% |
| Jun 30, 2021 | 21.79% |
| Mar 31, 2021 | 51.44% |
| Dec 31, 2020 | 6.60% |
| Sep 30, 2020 | 39.56% |
| Jun 30, 2020 | 29.93% |
| Mar 31, 2020 | 43.04% |
| Dec 31, 2019 | 42.12% |
| Jun 30, 2019 | 59.69% |
| Mar 31, 2019 | 59.10% |
Macro Bank Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=BMA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "BMA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=BMA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();