Chemung Financial (CHMG) Tax Rate (2009 - 2026)
Chemung Financial's Tax Rate was 21.97% in Q2 2026, down 0.34 percentage points from the prior quarter.
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Analysis
Chemung Financial (CHMG) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Chemung Financial's Tax Rate was 24.10% through Jun 30, 2026, up 6.42 percentage points year-over-year; for FY2025, it was 24.24%, up 2.92 percentage points from FY2024.
- Tax Rate shows a five-year change of +4.94 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 21.32% in FY2024 (+0.68 pp), 20.64% in FY2023 (-1.34 pp), 21.97% in FY2022 (+0.25 pp) and 21.73% in FY2021 (+2.43 pp).
- The Q2 2026 figure marks the lowest quarterly Tax Rate since Q1 2025.
- Compared with a year earlier, Tax Rate was higher in four of the last six quarters, with an average year-over-year change of +2.12 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q4 2025 (a gain of 8.40 percentage points); the worst was Q4 2023 (a drop of 3.71 percentage points).
- Per Business Quant data, CHMG's Tax Rate in the three quarters before Q2 2026 was 22.31% (Q1 2026), 29.58% (Q4 2025) and 22.60% (Q3 2025).
Peer Set
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 | Chemung Financial | 416.16 Mn | 163.98 Mn | - | 23.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.03% |
| Jun 30, 2026 | 21.97% |
| Mar 31, 2026 | 22.31% |
| Dec 31, 2025 | 29.58% |
| Sep 30, 2025 | 22.60% |
| Mar 31, 2025 | 21.65% |
| Dec 31, 2024 | 21.18% |
| Sep 30, 2024 | 20.92% |
| Jun 30, 2024 | 20.35% |
| Mar 31, 2024 | 22.43% |
| Dec 31, 2023 | 18.11% |
| Sep 30, 2023 | 21.22% |
| Jun 30, 2023 | 20.44% |
| Mar 31, 2023 | 21.46% |
| Dec 31, 2022 | 21.83% |
| Sep 30, 2022 | 21.25% |
| Jun 30, 2022 | 22.56% |
| Mar 31, 2022 | 22.12% |
| Dec 31, 2021 | 21.59% |
| Sep 30, 2021 | 20.37% |
API Access
Chemung Financial 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=CHMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CHMG", "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=CHMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();