Fortis (FTS) Tax Rate (2015 - 2026)
Fortis (FTS) posted quarterly Tax Rate of 14.18% for Q2 2026, down 299.0% year-over-year from 7.13% in Q2 2025, and down 14.67% on a QoQ basis from 16.62% in Q1 2026.
Fortis (FTS) Tax Rate (2015 - 2026) Analysis & Trends
Fortis has reported Tax Rate for 12 years, with the latest figure at 14.18% in Q2 2026.
- Tax Rate for Q2 2026 came in at 14.18%, down 299.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 15.85% (down 72.0% YoY), and the FY2025 annual result was 16.69%, up 78.0% from the prior year.
- Tax Rate slipped to 14.18% in Q2 2026, from 16.62% in the prior quarter.
- Over five years, Tax Rate peaked at 21.48% in Q4 2023 and troughed at 12.41% in Q2 2023.
- A 5-year average of 16.24% and a median of 16.55% in 2026 frame the typical range for Tax Rate.
- The widest annual swing landed in 2022, when Tax Rate jumped 455 bps; it then plunged 438 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 19.85% in 2022, then gained by 8 bps to 21.48% in 2023, then declined by 20 bps to 17.1% in 2024, then retreated by 17 bps to 14.16% in 2025, then advanced by 0 bps to 14.18% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 14.18% in Q2 2026, 16.62% in Q1 2026, and 14.16% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 78.91 Bn | 75.10 Bn | - | - |
| 2 | Dominion Energy | 58.65 Bn | 57.86 Bn | 3.50 Bn | 16.49% |
| 3 | Xcel Energy | 47.76 Bn | 45.75 Bn | 3.12 Bn | -11.41% |
| 4 | Wec Energy | 34.66 Bn | 34.61 Bn | 1.45 Bn | 8.23% |
| 5 | Ameren | 29.39 Bn | 29.38 Bn | - | 14.13% |
| 6 | Fortis | 28.02 Bn | 28.02 Bn | 1.60 Bn | 14.18% |
| 7 | Edison International | 27.49 Bn | 27.25 Bn | 3.29 Bn | 16.89% |
| 8 | Firstenergy | 26.59 Bn | 26.40 Bn | 2.51 Bn | 20.72% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | 15.58% |
| 10 | Cms Energy | 21.23 Bn | 20.99 Bn | 3.65 Bn | 24.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.18% |
| Jun 30, 2026 | 14.18% |
| Jun 30, 2026 | 14.18% |
| Mar 31, 2026 | 16.62% |
| Mar 31, 2026 | 16.62% |
| Mar 31, 2026 | 16.62% |
| Dec 31, 2025 | 14.16% |
| Dec 31, 2025 | 14.16% |
| Dec 31, 2025 | 14.16% |
| Sep 30, 2025 | 18.13% |
| Sep 30, 2025 | 18.13% |
| Sep 30, 2025 | 18.13% |
| Jun 30, 2025 | 17.16% |
| Jun 30, 2025 | 17.16% |
| Jun 30, 2025 | 17.16% |
| Mar 31, 2025 | 17.21% |
| Mar 31, 2025 | 17.21% |
| Mar 31, 2025 | 17.21% |
| Dec 31, 2024 | 17.10% |
| Dec 31, 2024 | 17.10% |