Fortis (FRTJF) Tax Rate (2015 - 2026)
Fortis posted quarterly Tax Rate of 16.62% for Q1 2026, down 59.0% year-on-year from 40.53% in Q1 2025, and up 17.36% on a QoQ basis from 14.16% in Q4 2025.
Fortis (FRTJF) has 12 years of Tax Rate data on file, last reported at 16.62% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 59.0% year-over-year to 16.62%; the trailing twelve-month figure through Mar 2026 stood at 16.53% (up 40.0% YoY), and the FY2025 full-year result was 16.69%, up 78.0% from the prior year.
- Tax Rate for Q1 2026 stood at 16.62%, up from 14.16% 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.
- The 5-year median for Tax Rate is 16.62% (2026), against an average of 16.36%.
- The widest annual swing landed in 2022, when Tax Rate jumped 455 bps; it then tumbled 438 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 19.85% in 2022, then advanced by 8 bps to 21.48% in 2023, then fell by 20 bps to 17.1% in 2024, then decreased by 17 bps to 14.16% in 2025, then rose by 17 bps to 16.62% in 2026.
- The last three Tax Rate figures came in at 16.62% (Q1 2026), 14.16% (Q4 2025), and 18.13% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 655.52 Bn | 655.26 Bn | 1.70 Bn | 16.62 |
| 2 | Enel Chile | 264.22 Bn | 263.80 Bn | 1.12 Bn | - |
| 3 | Dominion Energy | 58.83 Bn | 63.03 Bn | 4.03 Bn | 5.15 |
| 4 | Xcel Energy | 49.61 Bn | 47.71 Bn | 3.35 Bn | -9.23 |
| 5 | Wec Energy | 36.16 Bn | 36.52 Bn | 2.83 Bn | 6.18 |
| 6 | Ameren | 29.85 Bn | 29.97 Bn | 1.69 Bn | 14.35 |
| 7 | Korea Electric Power | 29.21 Bn | 14.45 Bn | - | - |
| 8 | Energy Co Of Parana | 27.11 Bn | 26.46 Bn | - | - |
| 9 | Edison International | 26.93 Bn | 26.77 Bn | 3.85 Bn | 26.18 |
| 10 | Fortis | - | - | 1.70 Bn | 16.62 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.62 |
| Mar 31, 2026 | 16.62 |
| Dec 31, 2025 | 14.16 |
| Dec 31, 2025 | 14.16 |
| Sep 30, 2025 | 18.13 |
| Sep 30, 2025 | 18.13 |
| Jun 30, 2025 | 17.16 |
| Jun 30, 2025 | 17.16 |
| Mar 31, 2025 | 17.21 |
| Mar 31, 2025 | 17.21 |
| Dec 31, 2024 | 17.10 |
| Dec 31, 2024 | 17.10 |
| Sep 30, 2024 | 14.80 |
| Sep 30, 2024 | 14.80 |
| Jun 30, 2024 | 15.13 |
| Jun 30, 2024 | 15.13 |
| Mar 31, 2024 | 16.48 |
| Mar 31, 2024 | 16.48 |
| Dec 31, 2023 | 21.48 |
| Dec 31, 2023 | 21.48 |
| Sep 30, 2023 | 17.13 |
| Sep 30, 2023 | 17.13 |
| Jun 30, 2023 | 12.41 |
| Jun 30, 2023 | 12.41 |
| Mar 31, 2023 | 17.12 |
| Mar 31, 2023 | 17.12 |
| Dec 31, 2022 | 19.85 |
| Dec 31, 2022 | 19.85 |
| Sep 30, 2022 | 14.91 |
| Sep 30, 2022 | 14.91 |
| Jun 30, 2022 | 13.84 |
| Jun 30, 2022 | 13.84 |
| Mar 31, 2022 | 14.57 |
| Mar 31, 2022 | 14.57 |
| Dec 31, 2021 | 15.30 |
| Dec 31, 2021 | 15.30 |
| Sep 30, 2021 | 12.53 |
| Sep 30, 2021 | 12.53 |
| Jun 30, 2021 | 13.95 |
| Jun 30, 2021 | 13.95 |
| Mar 31, 2021 | 15.02 |
| Mar 31, 2021 | 15.02 |
| Dec 31, 2020 | 13.16 |
| Dec 31, 2020 | 13.16 |
| Sep 30, 2020 | 14.72 |
| Sep 30, 2020 | 14.72 |
| Jun 30, 2020 | 15.18 |
| Jun 30, 2020 | 15.18 |
| Mar 31, 2020 | 14.11 |
| Mar 31, 2020 | 14.11 |
| Dec 31, 2019 | -3.97 |
| Dec 31, 2019 | -3.97 |
| Sep 30, 2019 | 13.37 |
| Sep 30, 2019 | 13.37 |
| Jun 30, 2019 | 14.56 |
| Jun 30, 2019 | 14.56 |
| Mar 31, 2019 | 15.64 |
| Mar 31, 2019 | 15.64 |
| Dec 31, 2018 | 9.53 |
| Dec 31, 2018 | 9.53 |
| Sep 30, 2018 | 12.13 |
| Sep 30, 2018 | 12.13 |
| Jun 30, 2018 | 11.23 |
| Jun 30, 2018 | 11.23 |
| Mar 31, 2018 | 5.70 |
| Mar 31, 2018 | 5.70 |
| Dec 31, 2017 | -9.08 |
| Dec 31, 2017 | -9.08 |
| Sep 30, 2017 | 15.02 |
| Sep 30, 2017 | 15.02 |
| Jun 30, 2017 | 24.64 |
| Jun 30, 2017 | 24.64 |
| Mar 31, 2017 | 14.89 |
| Mar 31, 2017 | 14.89 |
| Dec 31, 2016 | 13.46 |
| Dec 31, 2016 | 13.46 |
| Sep 30, 2016 | 20.20 |
| Sep 30, 2016 | 20.20 |
| Jun 30, 2016 | 16.47 |
| Jun 30, 2016 | 16.47 |
| Mar 31, 2016 | 9.38 |
| Mar 31, 2016 | 9.38 |
| Dec 31, 2015 | 23.47 |
| Dec 31, 2015 | 23.47 |
| Sep 30, 2015 | 18.26 |
| Sep 30, 2015 | 18.26 |
| Jun 30, 2015 | 46.23 |
| Jun 30, 2015 | 46.23 |