Fortis (FTS) Tax Rate (2015 - 2026)
Fortis (FTS) posted Tax Rate of 14.18% for the quarter ended Jun 30, 2026, down 2.99 percentage points from 17.16% a year earlier and down 2.44 percentage points from the prior quarter.
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Analysis
Fortis (FTS) Tax Rate (2015 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Fortis was 15.85%, down 0.72 percentage points year-over-year; for the year ended Dec 31, 2025, it was 16.69%, up 0.78 percentage points from the prior year.
- Annual Tax Rate shows a five-year change of +2.44 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Fortis' Tax Rate was 15.92% in the year ended Dec 31, 2024 (-1.48 pp), 17.39% in the year ended Dec 31, 2023 (+1.36 pp), 16.03% in the year ended Dec 31, 2022 (+1.75 pp) and 14.28% in the year ended Dec 31, 2021 (+0.02 pp).
- Quarterly Tax Rate has run from a low of 12.41% in the quarter ended Jun 30, 2023 to a high of 26.40% in the quarter ended Sep 30, 2021 over five years.
- On a year-over-year basis, Tax Rate has declined in each of the last three quarters, with an average year-over-year change of -0.89 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Tax Rate in the past five years was the quarter ended Sep 30, 2021, with a gain of 11.68 percentage points; the weakest was the quarter ended Sep 30, 2022, with a drop of 11.49 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 16.62% (quarter ended Mar 31, 2026), 14.16% (quarter ended Dec 31, 2025) and 18.13% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 172.18 Bn | 170.30 Bn | - | 13.16% |
| 2 | Southern | 106.86 Bn | 97.91 Bn | 5.92 Bn | 13.60% |
| 3 | Duke Energy | 97.23 Bn | 95.83 Bn | 6.74 Bn | 17.55% |
| 4 | National Grid | 85.13 Bn | 57.46 Bn | - | - |
| 5 | American Electric Power | 70.60 Bn | 68.98 Bn | 3.84 Bn | 6.75% |
| 6 | Dominion Energy | 57.38 Bn | 60.06 Bn | - | 16.49% |
| 7 | Sempra | 54.97 Bn | 54.10 Bn | 2.89 Bn | 22.09% |
| 8 | Entergy | 50.09 Bn | 39.27 Bn | - | 21.26% |
| 9 | Xcel Energy | 48.73 Bn | 43.64 Bn | - | - |
| 10 | Fortis | 29.40 Bn | 29.85 Bn | 1.60 Bn | 14.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.18% |
| Mar 31, 2026 | 16.62% |
| Dec 31, 2025 | 14.16% |
| Sep 30, 2025 | 18.13% |
| Jun 30, 2025 | 17.16% |
| Mar 31, 2025 | 17.21% |
| Dec 31, 2024 | 17.10% |
| Sep 30, 2024 | 14.80% |
| Jun 30, 2024 | 15.13% |
| Mar 31, 2024 | 16.48% |
| Dec 31, 2023 | 21.48% |
| Sep 30, 2023 | 17.13% |
| Jun 30, 2023 | 12.41% |
| Mar 31, 2023 | 17.12% |
| Dec 31, 2022 | 19.85% |
| Sep 30, 2022 | 14.91% |
| Jun 30, 2022 | 13.84% |
| Mar 31, 2022 | 14.57% |
| Dec 31, 2021 | 15.30% |
| Sep 30, 2021 | 12.53% |
API Access
Fortis Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=FTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "FTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=FTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();