Enbridge (ENB) Tax Rate (2012 - 2026)
Enbridge (ENB) reported Tax Rate of 21.97% for Q2 2026, down 0.33 percentage points from 22.30% a year earlier and down 2.85 percentage points from the prior quarter.
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Analysis
Enbridge (ENB) Tax Rate (2012 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Enbridge's Tax Rate came in at 20.92%, down 0.77 percentage points year-over-year; for FY2025, it was 20.46%, down 2.39 percentage points from FY2024.
- Tax Rate has declined for three consecutive years, though with a five-year change of +1.99 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 22.85% in FY2024 (-0.26 pp), 23.11% in FY2023 (-12.20 pp), 35.31% in FY2022 (+17.01 pp) and 18.31% in FY2021 (-0.16 pp).
- Five-year quarterly Tax Rate spans a low of -102.00% in Q4 2022 and a high of 29.75% in Q4 2023.
- Year over year, Tax Rate gained in four of the last eight quarters, with an average year-over-year change of -0.79 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2023 (a gain of 131.75 percentage points); the low point was Q4 2022 (a drop of 121.07 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 24.82% (Q1 2026), 13.23% (Q4 2025) and 27.17% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 21.97% |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 0.64% |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 7.12% |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 23.33% |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | - |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 22.61% |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 0.18% |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 9.13% |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 23.62% |
| 10 | Venture Global | 31.49 Bn | 26.04 Bn | 2.92 Bn | 19.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.97% |
| Mar 31, 2026 | 24.82% |
| Dec 31, 2025 | 13.23% |
| Sep 30, 2025 | 27.17% |
| Jun 30, 2025 | 22.30% |
| Mar 31, 2025 | 21.87% |
| Dec 31, 2024 | 27.21% |
| Sep 30, 2024 | 17.74% |
| Jun 30, 2024 | 26.97% |
| Mar 31, 2024 | 19.78% |
| Dec 31, 2023 | 29.75% |
| Sep 30, 2023 | 17.04% |
| Jun 30, 2023 | 20.60% |
| Mar 31, 2023 | 21.46% |
| Sep 30, 2022 | 18.69% |
| Jun 30, 2022 | 17.97% |
| Mar 31, 2022 | 22.38% |
| Dec 31, 2021 | 19.07% |
| Sep 30, 2021 | 19.64% |
| Jun 30, 2021 | 15.08% |
API Access
Enbridge 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=ENB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "ENB", "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=ENB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();