Fortis (FTS) Tax Rate (2015 - 2026)

Fortis has reported Tax Rate for 12 years, with the latest figure 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.
• The five-year high for Tax Rate was 21.48% in Q4 2023, with the low at 12.41% in Q2 2023.
• Historically, Tax Rate has averaged 16.36% across 5 years, with a median of 16.62% in 2026.
• Annual changes were most pronounced in 2022 — Tax Rate jumped 455 bps — and 2024, when it sank 438 bps.
• Fortis' Tax Rate 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 increased 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.