Hdfc Bank (HDB) Tax Rate (2019 - 2026)
Hdfc Bank's (HDB) quarterly Tax Rate came in at 20.73% in Q1 2026, down 10.29% quarter-over-quarter from 23.11% in Q4 2025.
Analysis
Hdfc Bank (HDB) Tax Rate (2019 - 2026) Analysis & Trends
Hdfc Bank (HDB) has reported Tax Rate for 7 consecutive years, with 20.73% the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate changed N/A year-over-year to 20.73%; the trailing twelve-month figure through Mar 2026 stood at 22.57% (changed N/A YoY), and the FY2026 full-year result was 23.81%, down 199473.0% from the prior year.
- Tax Rate fell to 20.73% in Q1 2026 per HDB's latest filing, from 23.11% in the prior quarter.
- Across five years, Tax Rate topped out at 25.85% in Q1 2023 and bottomed at 19.79% in Q1 2024.
- Historically, Tax Rate has averaged 18.61% across 5 years, with a median of 23.39% in 2025.
- The sharpest annual moves came in 2023 and 2024: Tax Rate gained 26 bps in 2023, then slumped 4563 bps in 2024.
- Over 5 years, Tax Rate stood at 24.41% in 2022, then sank by 36 bps to 15.74% in 2023, then sank by 226 bps to 19.79% in 2024, then jumped by 217 bps to 23.11% in 2025, then fell by 10 bps to 20.73% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 20.73%, 23.11%, and 23.67% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Asml Holding | 659.69 Bn | 643.71 Bn | 5.90 Bn | - |
| 2 | General Electric | 337.12 Bn | 327.78 Bn | 6.95 Bn | 14.53% |
| 3 | Astrazeneca | 247.89 Bn | 242.60 Bn | 12.86 Bn | -10.40% |
| 4 | Citigroup | 236.49 Bn | -2,065.81 Bn | 24.75 Bn | 24.97% |
| 5 | Bhp | 220.99 Bn | 202.45 Bn | - | - |
| 6 | Rio Tinto | 206.31 Bn | 201.93 Bn | - | - |
| 7 | Diageo | 192.64 Bn | 190.61 Bn | - | - |
| 8 | National Grid | 165.59 Bn | 161.82 Bn | - | - |
| 9 | Unilever | 135.28 Bn | 128.25 Bn | - | - |
| 10 | Hdfc Bank | 119.43 Bn | 82.28 Bn | - | 20.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 20.73% |
| Dec 31, 2025 | 23.11% |
| Sep 30, 2025 | 23.67% |
| Jun 30, 2025 | 14.73% |
| Mar 31, 2024 | -19.79% |
| Dec 31, 2023 | 15.74% |
| Sep 30, 2023 | 19.27% |
| Jun 30, 2023 | 25.27% |
| Mar 31, 2023 | 25.85% |
| Dec 31, 2022 | 24.41% |
| Sep 30, 2022 | 25.37% |
| Jun 30, 2022 | 25.01% |
| Mar 31, 2020 | 6.14% |
| Mar 31, 2019 | 9.53% |