Freeport-Mcmoran (FCX) Tax Rate (2009 - 2026)
Freeport-Mcmoran's Tax Rate was 28.19% in Q2 2026, down 7.36 percentage points from 35.55% a year earlier and down 3.92 percentage points from the prior quarter.
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Analysis
Freeport-Mcmoran (FCX) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Freeport-Mcmoran's Tax Rate was 31.08% through Jun 30, 2026, down 6.79 percentage points year-over-year; for FY2025, it was 34.86%, down 1.67 percentage points from FY2024.
- Tax Rate shows a five-year change of -17.68 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 36.53% in FY2024 (-1.27 pp), 37.80% in FY2023 (+4.04 pp), 33.76% in FY2022 (+3.74 pp) and 30.02% in FY2021 (-22.52 pp).
- Quarterly Tax Rate has moved between 26.37% (Q4 2025) and 42.51% (Q2 2023) over five years.
- Compared with a year earlier, Tax Rate has declined for five straight quarters, with an average year-over-year change of -2.84 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was Q3 2022 (a gain of 9.72 percentage points); the worst was Q4 2025 (a drop of 15.56 percentage points).
- Per Business Quant data, FCX's Tax Rate in the three quarters before Q2 2026 was 32.10% (Q1 2026), 26.37% (Q4 2025) and 34.77% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 170.99 Bn | 133.79 Bn | - | - |
| 2 | Southern Copper | 146.13 Bn | 120.87 Bn | 3.10 Bn | - |
| 3 | Rio Tinto | 139.91 Bn | 100.73 Bn | - | - |
| 4 | Newmont | 132.02 Bn | 97.16 Bn | 4.22 Bn | 26.14% |
| 5 | Agnico Eagle Mines | 99.99 Bn | 86.94 Bn | 2.15 Bn | 31.40% |
| 6 | Ternium | 99.94 Bn | 68.19 Bn | 1.04 Bn | - |
| 7 | Freeport-Mcmoran | 89.88 Bn | 73.92 Bn | 2.19 Bn | 28.19% |
| 8 | Barrick Mining | 72.35 Bn | 47.55 Bn | 2.90 Bn | 27.90% |
| 9 | Nucor | 56.88 Bn | 46.26 Bn | 2.03 Bn | 21.23% |
| 10 | AngloGold Ashanti | 50.33 Bn | 37.64 Bn | 1.30 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
API Access
Freeport-Mcmoran 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=FCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "FCX", "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=FCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();