Globalfoundries (GFS) Tax Rate (2020 - 2026)
Globalfoundries' Tax Rate came in at -14.80% for Q2 2026, down 17.96 percentage points from 3.17% a year earlier but up 28.99 percentage points from the prior quarter.
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Analysis
Globalfoundries (GFS) Tax Rate (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Globalfoundries reported Tax Rate of -24.20%, down 71.57 percentage points year-over-year; for FY2025, it came in at -2.52%, down 56.64 percentage points from FY2024.
- Tax Rate carries a five-year change of -1.65 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 54.12% in FY2024 (+60.21 pp), -6.09% in FY2023 (-0.47 pp), -5.61% in FY2022 (-49.93 pp) and 44.32% in FY2021 (+45.20 pp).
- The five-year range for quarterly Tax Rate is -43.78% (Q1 2026) to 8.21% (Q1 2025).
- Year-over-year, Tax Rate has declined for four consecutive quarters, with an average year-over-year change of -9.12 percentage points over the last eight quarters.
- The fastest year-over-year change in Tax Rate over five years came in Q1 2025 (a gain of 21.75 percentage points), and the weakest in Q1 2026 (a drop of 51.99 percentage points).
- Business Quant data shows GFS's Tax Rate at -43.78% (Q1 2026), -27.01% (Q4 2025) and -12.67% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,267.01 Bn | 5,041.17 Bn | 72.14 Bn | 16.53% |
| 2 | Taiwan Semiconductor Manufacturing | 2,261.05 Bn | 1,885.91 Bn | 27.22 Bn | 18.05% |
| 3 | Broadcom | 1,624.47 Bn | 1,550.51 Bn | 20.46 Bn | 14.32% |
| 4 | Micron Technology | 1,043.37 Bn | 949.00 Bn | 47.05 Bn | 14.88% |
| 5 | Advanced Micro Devices | 908.80 Bn | 865.54 Bn | 6.20 Bn | 9.88% |
| 6 | Asml Holding | 634.09 Bn | 589.78 Bn | 5.90 Bn | - |
| 7 | Intel | 475.59 Bn | 344.72 Bn | 6.51 Bn | - |
| 8 | Applied Materials | 312.49 Bn | 277.93 Bn | 4.59 Bn | 12.69% |
| 9 | Lam Research | 298.67 Bn | 274.73 Bn | 4.30 Bn | 16.88% |
| 10 | Globalfoundries | 25.49 Bn | 13.80 Bn | 505.00 Mn | 14.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.80% |
| Mar 31, 2026 | 43.78% |
| Dec 31, 2025 | 27.01% |
| Sep 30, 2024 | 8.72% |
| Jun 30, 2024 | 7.19% |
| Mar 31, 2024 | 13.55% |
| Dec 31, 2023 | 7.02% |
| Jun 30, 2023 | 10.57% |
| Mar 31, 2023 | 8.30% |
| Dec 31, 2022 | 1.18% |
| Sep 30, 2022 | 5.35% |
| Jun 30, 2022 | 10.20% |
| Mar 31, 2022 | 14.01% |
| Dec 31, 2021 | 38.24% |
| Sep 30, 2021 | 81.48% |
| Sep 30, 2020 | 20.36% |
API Access
Globalfoundries 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=GFS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "GFS", "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=GFS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();