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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |