Fortis (FTS) Tax Rate (2015 - 2026)

Fortis (FTS) 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 FTS'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.