Freeport-Mcmoran (FCX) Tax Rate (2009 - 2026)
Freeport-Mcmoran (FCX) posted quarterly Tax Rate of 32.1% for Q1 2026, down 663.0% year-over-year from 5.7% in Q1 2025, and up 21.74% quarter-over-quarter from 26.37% in Q4 2025.
Freeport-Mcmoran (FCX) Tax Rate (2009 - 2026) Analysis & Trends
Freeport-Mcmoran (FCX) has reported Tax Rate for 18 consecutive years, with 32.1% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate fell 663.0% year-over-year to 32.1%; the TTM figure through Mar 2026 stood at 33.37% (down 512.0% YoY), while the FY2025 annual figure was 34.86%, down 167.0% from the prior year.
- Tax Rate climbed to 32.1% in Q1 2026 per FCX's latest filing, from 26.37% in the prior quarter.
- Across five years, Tax Rate topped out at 42.51% in Q2 2023 and bottomed at 26.37% in Q4 2025.
- Historically, Tax Rate has averaged 35.57% across 5 years, with a median of 35.71% in 2022.
- Annual changes were most pronounced in 2022 — Tax Rate jumped 972 bps — and 2025, when it slumped 1556 bps.
- Freeport-Mcmoran's Tax Rate stood at 36.26% in 2022, then advanced by 16 bps to 41.9% in 2023, then rose by 0 bps to 41.94% in 2024, then plunged by 37 bps to 26.37% in 2025, then grew by 22 bps to 32.1% in 2026.
- Business Quant data shows FCX's Tax Rate at 32.1% in Q1 2026, 26.37% in Q4 2025, and 34.77% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 160.14 Bn | 152.81 Bn | 2.90 Bn | 36.37% |
| 2 | Freeport-Mcmoran | 98.70 Bn | 94.62 Bn | 2.19 Bn | 28.19% |
| 3 | Hudbay Minerals | 10.99 Bn | 9.95 Bn | 269.00 Mn | 42.55% |
| 4 | Ero Copper | 3.75 Bn | 3.66 Bn | 105.91 Mn | -11.10% |
| 5 | Trekor Metals | 3.18 Bn | 3.05 Bn | 83.54 Mn | -26.68% |
| 6 | Ivanhoe Electric | 1.75 Bn | 1.50 Bn | 368,000.00 | 0.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 28.19% |
| Jun 30, 2026 | 28.19% |
| Jun 30, 2026 | 28.19% |
| Mar 31, 2026 | 32.10% |
| Mar 31, 2026 | 32.10% |
| Mar 31, 2026 | 32.10% |
| Dec 31, 2025 | 26.37% |
| Dec 31, 2025 | 26.37% |
| Dec 31, 2025 | 26.37% |
| Sep 30, 2025 | 34.77% |
| Sep 30, 2025 | 34.77% |
| Sep 30, 2025 | 34.77% |
| Jun 30, 2025 | 35.55% |
| Jun 30, 2025 | 35.55% |
| Jun 30, 2025 | 35.55% |
| Mar 31, 2025 | 38.73% |
| Mar 31, 2025 | 38.73% |
| Mar 31, 2025 | 38.73% |
| Dec 31, 2024 | 41.94% |
| Dec 31, 2024 | 41.94% |