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
DateValue
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%