Fortis (FTS) Tax Rate (2015 - 2026)

Fortis' Tax Rate history runs 12 years deep, the most recent figure standing at 16.62% for Q1 2026.

• Quarterly Tax Rate fell 59.0% year-over-year to 16.62% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 16.53% (up 40.0% YoY) and the FY2025 annual result came in at 16.69%, up 78.0% from the prior year.
• Tax Rate was 16.62% for Q1 2026 at Fortis, 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.
• A 5-year average of 16.36% and a median of 16.62% in 2026 frame the typical range for Tax Rate.
• Annual changes were most pronounced in 2022 — Tax Rate jumped 455 bps — and 2024, when it plunged 438 bps.
• Fortis' 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 gained by 17 bps to 16.62% in 2026.
• Business Quant data shows FTS's Tax Rate at 16.62% in Q1 2026, 14.16% in Q4 2025, and 18.13% in Q3 2025.