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 201.92 Bn 196.89 Bn 2.80 Bn 42.68
2 Corning 167.41 Bn 166.19 Bn 1.53 Bn 22.87
3 TE Connectivity 63.90 Bn 62.94 Bn 1.75 Bn 9.24
4 Flex 54.73 Bn 53.09 Bn 702.00 Mn 20.63
5 Celestica 42.91 Bn 42.53 Bn 437.20 Mn 27.55
6 Jabil 39.52 Bn 37.70 Bn 746.00 Mn 26.00
7 Ttm Technologies 22.37 Bn 21.95 Bn 181.18 Mn 14.59
8 Fabrinet 20.58 Bn 19.64 Bn 144.34 Mn 6.73
9 Vicor 15.04 Bn 14.64 Bn 62.37 Mn -1.34
10 Sanmina 13.13 Bn 11.55 Bn 353.79 Mn 25.41

Historic Data

Download Data
DateValue
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%