Freeport-Mcmoran FCX
NYSE FCX
$72.52 -1.41 (-1.91%)
As of: Sep 3, 2026 · 10:43 AM EDT

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.

Analysis

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.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Southern Copper 167.22 Bn 159.89 Bn 2.90 Bn -
2 Freeport-Mcmoran 104.28 Bn 100.20 Bn 2.19 Bn 28.19%
3 Trekor Metals 54.22 Bn 54.08 Bn 111.31 Mn -24.37%
4 Hudbay Minerals 10.86 Bn 9.81 Bn 269.00 Mn 42.55%
5 Ero Copper 3.59 Bn 3.48 Bn 121.42 Mn -17.55%
6 Ivanhoe Electric 1.57 Bn 1.57 Bn 368,000.00 0.20%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 28.19%
Mar 31, 2026 32.10%
Dec 31, 2025 26.37%
Sep 30, 2025 34.77%
Jun 30, 2025 35.55%
Mar 31, 2025 38.73%
Dec 31, 2024 41.94%
Sep 30, 2024 37.54%
Jun 30, 2024 37.14%
Mar 31, 2024 30.59%
Dec 31, 2023 41.90%
Sep 30, 2023 34.51%
Jun 30, 2023 42.51%
Mar 31, 2023 32.44%
Dec 31, 2022 36.26%
Sep 30, 2022 36.33%
Jun 30, 2022 35.71%
Mar 31, 2022 30.37%
Dec 31, 2021 31.68%
Sep 30, 2021 26.61%