Corning GLW
NYSE GLW
$168.48 +2.52 (+1.52%)
As of: Sep 9, 2026 · 3:59 PM EDT

Corning (GLW) Tax Rate (2009 - 2026)

Corning's (GLW) quarterly Tax Rate came in at 6.16% in Q2 2026, down 822.0% on a YoY basis from 0.85% in Q2 2025, and down 73.05% quarter-over-quarter from 22.87% in Q1 2026.

Analysis

Corning (GLW) Tax Rate (2009 - 2026) Analysis & Trends

Corning (GLW) has reported Tax Rate for 18 consecutive years, with 6.16% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Tax Rate fell 822.0% year-over-year to 6.16%; the trailing twelve-month figure through Jun 2026 stood at 13.8% (down 665.0% YoY), and the FY2025 full-year result was 15.11%, down 1208.0% from the prior year.
  • Tax Rate declined to 6.16% in Q2 2026 per GLW's latest filing, from 22.87% in the prior quarter.
  • Across five years, Tax Rate topped out at 775.0% in Q4 2022 and bottomed at 3.26% in Q3 2024.
  • Historically, Tax Rate has averaged 60.23% across 5 years, with a median of 22.17% in 2022.
  • The sharpest annual moves came in 2022 and 2023: Tax Rate surged 75979 bps in 2022, then plunged 74868 bps in 2023.
  • Over 5 years, Tax Rate stood at 775.0% in 2022, then plunged by 97 bps to 26.32% in 2023, then fell by 16 bps to 22.2% in 2024, then tumbled by 40 bps to 13.42% in 2025, then slumped by 54 bps to 6.16% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 6.16%, 22.87%, and 13.42% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Corning 145.18 Bn 142.67 Bn 1.63 Bn 6.16%
2 Ati 28.28 Bn 27.50 Bn 309.80 Mn 20.01%
3 Qnity Electronics 26.28 Bn 25.32 Bn 666.00 Mn 31.66%
4 International Flavors & Fragrances 21.50 Bn 20.93 Bn 853.00 Mn 48.44%
5 DuPont de Nemours 17.40 Bn 15.66 Bn 639.00 Mn 28.20%
6 Avery Dennison 12.97 Bn 12.74 Bn 729.40 Mn 27.80%
7 Solstice Advanced Materials 10.03 Bn 9.28 Bn 370.00 Mn 23.86%
8 Element Solutions 8.73 Bn 8.54 Bn 334.00 Mn 27.82%
9 Eastman Chemical 7.82 Bn 7.13 Bn 560.00 Mn 23.15%
10 Hexcel 6.84 Bn 6.78 Bn 138.10 Mn 18.81%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 6.16%
Mar 31, 2026 22.87%
Dec 31, 2025 13.42%
Sep 30, 2025 14.55%
Jun 30, 2025 14.38%
Mar 31, 2025 22.92%
Dec 31, 2024 22.20%
Sep 30, 2024 -3.26%
Jun 30, 2024 29.07%
Mar 31, 2024 23.99%
Dec 31, 2023 26.32%
Sep 30, 2023 16.13%
Jun 30, 2023 25.92%
Mar 31, 2023 16.23%
Dec 31, 2022 775.00%
Sep 30, 2022 13.08%
Jun 30, 2022 22.13%
Mar 31, 2022 22.99%
Dec 31, 2021 15.21%
Sep 30, 2021 22.11%