CNFinance Holdings (CNF) Tax Rate (2017 - 2023)

CNFinance Holdings (CNF) posted Tax Rate of 19.39% for Q4 2023, up 188.83% on a QoQ basis from 21.82% in Q3 2023, and up 1762.0% year-over-year from 1.04% in Q4 2022.

CNFinance Holdings (CNF) Tax Rate (2017 - 2023) Analysis & Trends

CNFinance Holdings' Tax Rate history runs 7 years deep, the most recent figure standing at 19.39% for Q4 2023.

  • Quarterly Tax Rate rose 1762.0% year-over-year to 19.39% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 19.99% (up 28.0% YoY) and the FY2025 annual result came in at 19.47%, down 229.0% from the prior year.
  • Tax Rate was 19.39% for Q4 2023 at CNFinance Holdings, up from 21.82% in the prior quarter.
  • Across five years, Tax Rate topped out at 19.39% in Q4 2023 and bottomed at 38.19% in Q2 2020.
  • A 5-year average of 20.31% and a median of 25.43% in 2019 frame the typical range for Tax Rate.
  • Annual changes were most pronounced in 2020 — Tax Rate sank 1248 bps — and 2021, when it soared 2678 bps.
  • CNFinance Holdings' Tax Rate stood at 27.48% in 2019, then surged by 32 bps to 18.67% in 2020, then jumped by 31 bps to 12.97% in 2021, then jumped by 114 bps to 1.77% in 2022, then soared by 995 bps to 19.39% in 2023.
  • Business Quant data shows CNF's Tax Rate at 19.39% in Q4 2023, 21.82% in Q3 2023, and 20.98% in Q2 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Rocket Companies 38.33 Bn 35.64 Bn - 25.75%
2 Federal National Mortgage Association Fannie Mae 35.67 Bn 35.67 Bn - 20.24%
3 Federal Home Loan Mortgage 18.11 Bn 13.64 Bn - 19.70%
4 PennyMac Financial Services 4.41 Bn 3.76 Bn 523.89 Mn 21.37%
5 CNFinance Holdings 3.28 Bn 3.20 Bn - -
6 Walker & Dunlop 1.64 Bn 1.44 Bn - 30.91%
7 Velocity Financial 681.36 Mn -6.51 Bn - 27.78%
8 UWM Holdings 540.43 Mn 116.43 Mn - 4.01%
9 Better Home & Finance Holding 362.34 Mn 298.07 Mn - 3.08%
10 Onity 340.51 Mn 215.81 Mn - 3.80%

Historic Data

Download Data
DateValue
Dec 31, 2023 19.39%
Dec 31, 2023 19.39%
Dec 31, 2023 19.39%
Sep 30, 2023 -21.82%
Sep 30, 2023 -21.82%
Sep 30, 2023 -21.82%
Jun 30, 2023 -20.98%
Jun 30, 2023 -20.98%
Jun 30, 2023 -20.98%
Mar 31, 2023 -26.28%
Mar 31, 2023 -26.28%
Mar 31, 2023 -26.28%
Dec 31, 2022 1.77%
Dec 31, 2022 1.77%
Dec 31, 2022 1.77%
Sep 30, 2022 -26.62%
Sep 30, 2022 -26.62%
Sep 30, 2022 -26.62%
Jun 30, 2022 -15.31%
Jun 30, 2022 -15.31%