Fortis (FORFF) Tax Rate (2015 - 2026)
Fortis' (FORFF) quarterly Tax Rate came in at 14.18% in Q2 2026, down 299.0% on a YoY basis from 7.13% in Q2 2025, and down 14.67% quarter-over-quarter from 16.62% in Q1 2026.
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Fortis (FORFF) Tax Rate (2015 - 2026) Analysis & Trends
Fortis (FORFF) has reported Tax Rate for 12 consecutive years, with 14.18% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 299.0% year-over-year to 14.18%; the trailing twelve-month figure through Jun 2026 stood at 15.85% (down 72.0% YoY), and the FY2025 full-year result was 16.69%, up 78.0% from the prior year.
- Tax Rate slipped to 14.18% in Q2 2026 per FORFF's latest filing, from 16.62% in the prior quarter.
- Across five years, Tax Rate topped out at 21.48% in Q4 2023 and bottomed at 12.41% in Q2 2023.
- Historically, Tax Rate has averaged 16.24% across 5 years, with a median of 16.55% in 2026.
- The widest YoY moves for Tax Rate: up 455 bps in 2022, down 1149 bps in 2022.
- Over 5 years, Tax Rate stood at 19.85% in 2022, then climbed by 8 bps to 21.48% in 2023, then retreated by 20 bps to 17.1% in 2024, then slipped by 17 bps to 14.16% in 2025, then grew by 0 bps to 14.18% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 14.18%, 16.62%, and 14.16% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 308.83 Bn | 308.83 Bn | 890.00 Mn | -25.06% |
| 2 | Dominion Energy | 57.69 Bn | 56.90 Bn | 3.50 Bn | 16.49% |
| 3 | Xcel Energy | 47.51 Bn | 45.50 Bn | 3.12 Bn | -11.41% |
| 4 | Wec Energy | 34.60 Bn | 34.55 Bn | 1.45 Bn | 8.23% |
| 5 | Ameren | 29.35 Bn | 29.34 Bn | - | 14.13% |
| 6 | Firstenergy | 26.64 Bn | 26.45 Bn | 2.51 Bn | 20.72% |
| 7 | Hydro One | 22.94 Bn | 22.55 Bn | - | 15.58% |
| 8 | Edison International | 22.35 Bn | 22.11 Bn | 3.29 Bn | 16.89% |
| 9 | Cms Energy | 21.20 Bn | 20.96 Bn | 3.65 Bn | 24.03% |
| 10 | Fortis | 7.98 Bn | 9.27 Bn | 1.60 Bn | 14.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.18% |
| Mar 31, 2026 | 16.62% |
| Dec 31, 2025 | 14.16% |
| Sep 30, 2025 | 18.13% |
| Jun 30, 2025 | 17.16% |
| Mar 31, 2025 | 17.21% |
| Dec 31, 2024 | 17.10% |
| Sep 30, 2024 | 14.80% |
| Jun 30, 2024 | 15.13% |
| Mar 31, 2024 | 16.48% |
| Dec 31, 2023 | 21.48% |
| Sep 30, 2023 | 17.13% |
| Jun 30, 2023 | 12.41% |
| Mar 31, 2023 | 17.12% |
| Dec 31, 2022 | 19.85% |
| Sep 30, 2022 | 14.91% |
| Jun 30, 2022 | 13.84% |
| Mar 31, 2022 | 14.57% |
| Dec 31, 2021 | 15.30% |
| Sep 30, 2021 | 26.40% |