Bank Of Nova Scotia (BNS) Tax Rate (2011 - 2026)
Bank Of Nova Scotia (BNS) recorded Tax Rate of 24.28% in fiscal Q3 2026 (quarter ended Jul 31, 2026), down 0.42 percentage points from 24.70% a year earlier but up 0.99 percentage points from the prior quarter.
Bank Of Nova Scotia (BNS) Tax Rate (2011 - 2026) Analysis & Trends
On a TTM basis, Bank Of Nova Scotia's Tax Rate came in at 24.49% as of Jul 31, 2026, down 1.93 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it came in at 26.18%, up 5.70 percentage points from FY2024.
- Annual Tax Rate has a five-year change of +7.80 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Tax Rate came in at 20.48% in FY2024 (-2.49 pp), 22.97% in FY2023 (+1.64 pp), 21.33% in FY2022 (-1.06 pp) and 22.38% in FY2021 (+4.01 pp).
- Quarterly Tax Rate has ranged from 18.40% in fiscal Q2 2023 to 42.23% in fiscal Q1 2025 over the past five years.
- On a year-over-year basis, Tax Rate rose in five of the last eight quarters, with an average year-over-year change of +2.39 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 22.72 percentage points in fiscal Q1 2025, against a drop of 19.09 percentage points in fiscal Q1 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 23.29% (Q2 2026), 27.50% (Q1 2026) and 22.92% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Citigroup | 217.23 Bn | -2,082.64 Bn | 24.75 Bn | 24.97% |
| 2 | Bhp | 215.58 Bn | 159.38 Bn | - | - |
| 3 | Bank Of Nova Scotia | 112.36 Bn | -322.86 Bn | - | 24.28% |
| 4 | Nokia | 58.28 Bn | 58.28 Bn | 2.58 Bn | 23.96% |
| 5 | Haleon | 40.29 Bn | 33.48 Bn | - | - |
| 6 | Gold Fields | 32.31 Bn | 29.12 Bn | - | - |
| 7 | Sprott Physical Gold Trust | 14.84 Bn | 14.70 Bn | - | - |
| 8 | Sprott Physical Silver Trust | 11.90 Bn | 11.57 Bn | - | - |
| 9 | Magnum Ice Cream | 10.88 Bn | 9.56 Bn | - | - |
| 10 | Sprott Physical Gold & Silver Trust | 7.92 Bn | 7.86 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 24.28% |
| Apr 30, 2026 | 23.29% |
| Jan 31, 2026 | 27.50% |
| Oct 31, 2025 | 22.92% |
| Jul 31, 2025 | 24.70% |
| Apr 30, 2025 | 21.00% |
| Jan 31, 2025 | 42.23% |
| Oct 31, 2024 | 23.23% |
| Jul 31, 2024 | 19.09% |
| Apr 30, 2024 | 20.43% |
| Jan 31, 2024 | 19.51% |
| Oct 31, 2023 | 19.87% |
| Jul 31, 2023 | 18.48% |
| Apr 30, 2023 | 18.40% |
| Jan 31, 2023 | 38.60% |
| Oct 31, 2022 | 18.50% |
| Jul 31, 2022 | 18.84% |
| Apr 30, 2022 | 22.92% |
| Jan 31, 2022 | 23.97% |
| Oct 31, 2021 | 21.21% |
Bank Of Nova Scotia 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=BNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "BNS", "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=BNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();