Freeport-Mcmoran (FCX) Tax Rate (2009 - 2026)
Freeport-Mcmoran (FCX) reported 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 18 years of Tax Rate data on file, last reported at 32.1% in Q1 2026.
- Tax Rate for Q1 2026 came in at 32.1%, down 663.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 33.37% (down 512.0% YoY), and the FY2025 annual result was 34.86%, down 167.0% from the prior year.
- Tax Rate rose to 32.1% in Q1 2026 per FCX's latest filing, from 26.37% in the prior quarter.
- Over five years, Tax Rate peaked at 42.51% in Q2 2023 and troughed at 26.37% in Q4 2025.
- A 5-year average of 35.57% and a median of 35.71% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2025: Tax Rate jumped 972 bps in 2022, then slumped 1556 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 36.26% in 2022, then gained by 16 bps to 41.9% in 2023, then increased by 0 bps to 41.94% in 2024, then tumbled by 37 bps to 26.37% in 2025, then climbed 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 142.13 Bn | 136.85 Bn | 2.75 Bn | - |
| 2 | Freeport-Mcmoran | 91.19 Bn | 99.46 Bn | 6.22 Bn | 32.10% |
| 3 | Hudbay Minerals | 10.19 Bn | 9.65 Bn | 368.00 Mn | - |
| 4 | Ero Copper | 2.69 Bn | 2.58 Bn | 105.91 Mn | -5.66% |
| 5 | Ivanhoe Electric | 1.75 Bn | 1.46 Bn | 505,000.00 | 13.03% |
| 6 | Taseko Mines | 3.95 Mn | -119.02 Mn | 83.54 Mn | 49.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.10% |
| Mar 31, 2026 | 32.10% |
| Dec 31, 2025 | 26.37% |
| Dec 31, 2025 | 26.37% |
| Sep 30, 2025 | 34.77% |
| Sep 30, 2025 | 34.77% |
| Jun 30, 2025 | 35.55% |
| Jun 30, 2025 | 35.55% |
| Mar 31, 2025 | 38.73% |
| Mar 31, 2025 | 38.73% |
| Dec 31, 2024 | 41.94% |
| Dec 31, 2024 | 41.94% |
| Sep 30, 2024 | 37.54% |
| Sep 30, 2024 | 37.54% |
| Jun 30, 2024 | 37.14% |
| Jun 30, 2024 | 37.14% |
| Mar 31, 2024 | 30.59% |
| Mar 31, 2024 | 30.59% |
| Dec 31, 2023 | 41.90% |
| Dec 31, 2023 | 41.90% |