Corning (GLW) Tax Rate (2009 - 2026)
Corning (GLW) reported Tax Rate of 22.87% for Q1 2026, down 4.0% on a YoY basis from 23.83% in Q1 2025, and up 70.42% quarter-over-quarter from 13.42% in Q4 2025.
Corning (GLW) Tax Rate (2009 - 2026) Analysis & Trends
Corning has reported Tax Rate for 18 years, with the latest figure at 22.87% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 4.0% year-over-year to 22.87%; the trailing twelve-month figure through Mar 2026 stood at 16.06% (down 1102.0% YoY), and the FY2025 full-year result was 15.11%, down 1208.0% from the prior year.
- Tax Rate for Q1 2026 stood at 22.87%, up from 13.42% in the prior quarter.
- The five-year high for Tax Rate was 775.0% in Q4 2022, with the low at 3.26% in Q3 2024.
- Historically, Tax Rate has averaged 63.41% across 5 years, with a median of 22.2% in 2024.
- Annual changes were most pronounced in 2022 — Tax Rate jumped 84150 bps — and 2023, when it tumbled 74868 bps.
- Corning's Tax Rate stood at 775.0% in 2022, then slumped by 97 bps to 26.32% in 2023, then dropped by 16 bps to 22.2% in 2024, then sank by 40 bps to 13.42% in 2025, then jumped by 70 bps to 22.87% in 2026.
- The last three Tax Rate figures came in at 22.87% (Q1 2026), 13.42% (Q4 2025), and 14.55% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 170.58 Bn | 165.55 Bn | 2.80 Bn | 42.68% |
| 2 | Corning | 152.19 Bn | 150.97 Bn | 1.53 Bn | 22.87% |
| 3 | TE Connectivity | 62.31 Bn | 61.34 Bn | 1.75 Bn | 9.24% |
| 4 | Flex | 56.36 Bn | 54.72 Bn | 702.00 Mn | 20.63% |
| 5 | Celestica | 42.71 Bn | 42.33 Bn | 437.20 Mn | 27.55% |
| 6 | Jabil | 37.62 Bn | 35.80 Bn | 746.00 Mn | 26.00% |
| 7 | Fabrinet | 22.26 Bn | 21.31 Bn | 144.34 Mn | 6.73% |
| 8 | Ttm Technologies | 17.40 Bn | 16.99 Bn | 181.18 Mn | 14.59% |
| 9 | Sanmina | 13.70 Bn | 12.12 Bn | 353.79 Mn | 25.41% |
| 10 | Vicor | 12.32 Bn | 11.92 Bn | 62.37 Mn | -1.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.87% |
| Mar 31, 2026 | 22.87% |
| Dec 31, 2025 | 13.42% |
| Dec 31, 2025 | 13.42% |
| Sep 30, 2025 | 14.55% |
| Sep 30, 2025 | 14.55% |
| Jun 30, 2025 | 14.38% |
| Jun 30, 2025 | 14.38% |
| Mar 31, 2025 | 22.92% |
| Mar 31, 2025 | 22.92% |
| Dec 31, 2024 | 22.20% |
| Dec 31, 2024 | 22.20% |
| Sep 30, 2024 | -3.26% |
| Sep 30, 2024 | -3.26% |
| Jun 30, 2024 | 29.07% |
| Jun 30, 2024 | 29.07% |
| Mar 31, 2024 | 23.99% |
| Mar 31, 2024 | 23.99% |
| Dec 31, 2023 | 26.32% |
| Dec 31, 2023 | 26.32% |