Corning (GLW) Tax Rate (2009 - 2026)
Corning (GLW) reported Tax Rate of 6.16% for Q2 2026, down 8.22 percentage points from 14.38% a year earlier and down 16.71 percentage points from the prior quarter.
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Analysis
Corning (GLW) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Corning's Tax Rate came in at 13.80%, down 6.65 percentage points year-over-year; for FY2025, it was 15.11%, down 12.08 percentage points from FY2024.
- Tax Rate has a five-year change of -2.40 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 27.18% in FY2024 (+6.60 pp), 20.59% in FY2023 (-2.28 pp), 22.87% in FY2022 (+2.63 pp) and 20.24% in FY2021 (+2.73 pp).
- The Q2 2026 figure ranks as the lowest quarterly Tax Rate since Q3 2024.
- Year over year, Tax Rate has now declined in each of the last three quarters, with an average year-over-year change of -4.81 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q4 2022 (a gain of 759.79 percentage points); the low point was Q4 2023 (a drop of 748.68 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 22.87% (Q1 2026), 13.42% (Q4 2025) and 14.55% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 218.21 Bn | 201.33 Bn | 4.43 Bn | 23.96% |
| 2 | Corning | 136.71 Bn | 129.84 Bn | 1.63 Bn | 6.16% |
| 3 | Sherwin Williams | 80.23 Bn | 79.27 Bn | 3.34 Bn | 24.17% |
| 4 | Air Products & Chemicals | 62.17 Bn | 60.07 Bn | 1.04 Bn | - |
| 5 | Corteva | 51.95 Bn | 40.75 Bn | 3.66 Bn | 25.11% |
| 6 | LyondellBasell Industries | 37.59 Bn | 27.21 Bn | 2.04 Bn | 29.21% |
| 7 | Nutrien | 34.30 Bn | 31.17 Bn | 3.25 Bn | 21.50% |
| 8 | Qnity Electronics | 26.28 Bn | 23.71 Bn | 666.00 Mn | 31.66% |
| 9 | Ati | 25.72 Bn | 23.87 Bn | 309.80 Mn | 20.01% |
| 10 | Ppg Industries | 23.55 Bn | 16.36 Bn | 1.81 Bn | 22.32% |
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% |
| Jun 30, 2024 | 29.07% |
| Mar 31, 2024 | 23.99% |
| 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% |
| Jun 30, 2021 | 12.86% |
| Mar 31, 2021 | 27.39% |
API Access
Corning Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=GLW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "GLW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=GLW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();