Global Partners (GLP) Tax Rate (2010 - 2026)
Global Partners (GLP) reported Tax Rate of 1.18% for Q1 2026, down 499.0% year-over-year from 0.3% in Q1 2025, and up 321.9% quarter-over-quarter from 0.53% in Q4 2025.
Global Partners (GLP) Tax Rate (2010 - 2026) Analysis & Trends
Global Partners (GLP) has 16 years of Tax Rate data on file, last reported at 1.18% in Q1 2026.
- Tax Rate for Q1 2026 came in at 1.18%, down 499.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.32% (down 642.0% YoY), and the FY2025 annual result was 21260.0%, up 2125133.0% from the prior year.
- Tax Rate improved to 1.18% in Q1 2026 per GLP's latest filing, from 0.53% in the prior quarter.
- Over five years, Tax Rate peaked at 22.95% in Q4 2024 and troughed at 6.93% in Q1 2024.
- A 5-year average of 3.51% and a median of 3.17% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2024 and 2025: Tax Rate surged 1758 bps in 2024, then plunged 2348 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 3.17% in 2022, then jumped by 69 bps to 5.36% in 2023, then surged by 328 bps to 22.95% in 2024, then slumped by 102 bps to 0.53% in 2025, then jumped by 322 bps to 1.18% in 2026.
- Business Quant data shows GLP's Tax Rate at 1.18% in Q1 2026, 0.53% in Q4 2025, and 1.56% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 24.82% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.45% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 22.28% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 6.40% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 0.11% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 20.27% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 24.00% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 10.04% |
| 10 | Global Partners | 1.64 Bn | 1.58 Bn | 332.17 Mn | 1.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.18% |
| Mar 31, 2026 | 1.18% |
| Dec 31, 2025 | -0.53% |
| Dec 31, 2025 | -0.53% |
| Sep 30, 2025 | -1.56% |
| Sep 30, 2025 | -1.56% |
| Jun 30, 2025 | -0.45% |
| Jun 30, 2025 | -0.45% |
| Mar 31, 2025 | 6.18% |
| Mar 31, 2025 | 6.18% |
| Dec 31, 2024 | 22.95% |
| Dec 31, 2024 | 22.95% |
| Sep 30, 2024 | 4.68% |
| Sep 30, 2024 | 4.68% |
| Jun 30, 2024 | 3.84% |
| Jun 30, 2024 | 3.84% |
| Mar 31, 2024 | -6.93% |
| Mar 31, 2024 | -6.93% |
| Dec 31, 2023 | 5.36% |
| Dec 31, 2023 | 5.36% |