Bank Of Montreal (BMO) Tax Rate (2010 - 2026)
Bank Of Montreal (BMO) posted Tax Rate of 29.89% for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 5.39 percentage points from 24.50% a year earlier and up 5.07 percentage points from the prior quarter.
Bank Of Montreal (BMO) Tax Rate (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jul 31, 2026, Tax Rate at Bank Of Montreal was 25.78%, up 1.56 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it came in at 24.46%, up 1.30 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of +4.75 percentage points (FY2020 to FY2025).
- In prior fiscal years, Bank Of Montreal's Tax Rate was 23.16% in FY2024 (-2.23 pp), 25.39% in FY2023 (+1.08 pp), 24.32% in FY2022 (-0.10 pp) and 24.41% in FY2021 (+4.70 pp).
- The fiscal Q3 2026 figure stands as the highest quarterly Tax Rate since fiscal Q1 2023.
- On a year-over-year basis, Tax Rate has increased in each of the last ten quarters, with an average year-over-year change of +1.65 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Tax Rate in the past five years was fiscal Q1 2023, with a gain of 48.70 percentage points; the weakest was fiscal Q1 2024, with a drop of 51.42 percentage points.
- According to Business Quant data, Tax Rate for the three prior fiscal quarters was 24.81% (Q2 2026), 25.14% (Q1 2026) and 24.26% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 23.98% |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 22.68% |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 23.29% |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 22.26% |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 24.40% |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 16.36% |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 24.29% |
| 10 | Bank Of Montreal | 122.47 Bn | 122.47 Bn | - | 22.70% |
Historic Data
| Date | Value |
|---|---|
| Aug 25, 2026 | 22.70% |
| May 27, 2026 | 24.24% |
| Oct 31, 2025 | 24.26% |
| Jul 31, 2025 | 24.50% |
| Apr 30, 2025 | 24.71% |
| Oct 31, 2024 | 23.38% |
| Jul 31, 2024 | 23.78% |
| Apr 30, 2024 | 23.05% |
| Oct 31, 2023 | 22.06% |
| Jul 31, 2023 | 21.28% |
| Apr 30, 2023 | 18.66% |
| Jan 31, 2023 | 73.40% |
| Oct 31, 2022 | 24.49% |
| Jul 31, 2022 | 19.28% |
| Apr 30, 2022 | 25.26% |
| Jan 31, 2022 | 24.70% |
| Oct 31, 2021 | 22.87% |
| Jul 31, 2021 | 23.25% |
| Apr 30, 2021 | 31.06% |
| Jan 31, 2021 | 22.57% |
Bank Of Montreal 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=BMO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "BMO", "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=BMO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();