Helmerich & Payne (HP) Tax Rate (2009 - 2026)
Helmerich & Payne (HP) reported Tax Rate of 19.97% for Q1 2026, down 11334.0% year-over-year from N/an in Q1 2025, and down 49.28% on a QoQ basis from 13.38% in Q4 2025.
Helmerich & Payne (HP) has 18 years of Tax Rate data on file, last reported at 19.97% in Q1 2026.
- Quarterly Tax Rate fell 11334.0% year-over-year to 19.97% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 13.29% (down 5159.0% YoY) and the FY2025 annual result came in at 115.82%, down 14427.0% from the prior year.
- Tax Rate retreated to 19.97% in Q1 2026 per HP's latest filing, from 13.38% in the prior quarter.
- Across five years, Tax Rate topped out at 93.37% in Q1 2025 and bottomed at 138.32% in Q1 2022.
- The 5-year median for Tax Rate is 25.01% (2022), against an average of 12.29%.
- The widest annual swing landed in 2022, when Tax Rate tumbled 16122 bps; it then jumped 16207 bps in 2023.
- Tracing HP's Tax Rate over 5 years: stood at 25.01% in 2022, then retreated by 4 bps to 24.03% in 2023, then increased by 18 bps to 28.33% in 2024, then plunged by 147 bps to 13.38% in 2025, then slumped by 49 bps to 19.97% in 2026.
- Per Business Quant, the three latest HP Tax Rate figures stand at 19.97% (Q1 2026), 13.38% (Q4 2025), and 10.09% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | - |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | 37.67 |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | -317.65 |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | 12.81 |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | -19.97 |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | 143.75 |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | - |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | 55.93 |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | -108.93 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -19.97 |
| Mar 31, 2026 | -19.97 |
| Dec 31, 2025 | -13.38 |
| Dec 31, 2025 | -13.38 |
| Sep 30, 2025 | 10.09 |
| Sep 30, 2025 | 10.09 |
| Jun 30, 2025 | -21.82 |
| Jun 30, 2025 | -21.82 |
| Mar 31, 2025 | 93.37 |
| Mar 31, 2025 | 93.37 |
| Dec 31, 2024 | 28.33 |
| Dec 31, 2024 | 28.33 |
| Sep 30, 2024 | 35.13 |
| Sep 30, 2024 | 35.13 |
| Jun 30, 2024 | 27.54 |
| Jun 30, 2024 | 27.54 |
| Mar 31, 2024 | 27.51 |
| Mar 31, 2024 | 27.51 |
| Dec 31, 2023 | 24.03 |
| Dec 31, 2023 | 24.03 |
| Sep 30, 2023 | 31.13 |
| Sep 30, 2023 | 31.13 |
| Jun 30, 2023 | 29.94 |
| Jun 30, 2023 | 29.94 |
| Mar 31, 2023 | 23.75 |
| Mar 31, 2023 | 23.75 |
| Dec 31, 2022 | 25.01 |
| Dec 31, 2022 | 25.01 |
| Sep 30, 2022 | 37.78 |
| Sep 30, 2022 | 37.78 |
| Jun 30, 2022 | 8.85 |
| Jun 30, 2022 | 8.85 |
| Mar 31, 2022 | -138.32 |
| Mar 31, 2022 | -138.32 |
| Dec 31, 2021 | 12.90 |
| Dec 31, 2021 | 12.90 |
| Sep 30, 2021 | 27.07 |
| Sep 30, 2021 | 27.07 |
| Jun 30, 2021 | 29.49 |
| Jun 30, 2021 | 29.49 |
| Mar 31, 2021 | 22.90 |
| Mar 31, 2021 | 22.90 |
| Dec 31, 2020 | 18.86 |
| Dec 31, 2020 | 18.86 |
| Sep 30, 2020 | 160.32 |
| Sep 30, 2020 | 160.32 |
| Jun 30, 2020 | 27.64 |
| Jun 30, 2020 | 27.64 |
| Mar 31, 2020 | 21.24 |
| Mar 31, 2020 | 21.24 |
| Dec 31, 2019 | 31.51 |
| Dec 31, 2019 | 31.51 |
| Jun 30, 2019 | 17.14 |
| Jun 30, 2019 | 17.14 |
| Mar 31, 2019 | 25.87 |
| Mar 31, 2019 | 25.87 |
| Dec 31, 2018 | 14.41 |
| Dec 31, 2018 | 14.41 |
| Sep 30, 2018 | 88.57 |
| Sep 30, 2018 | 88.57 |
| Jun 30, 2018 | 444.73 |
| Jun 30, 2018 | 444.73 |
| Mar 31, 2018 | 70.60 |
| Mar 31, 2018 | 70.60 |
| Dec 31, 2017 | -50.06 Mn |
| Dec 31, 2017 | -50.06 Mn |
| Sep 30, 2017 | 22.21 |
| Sep 30, 2017 | 22.21 |
| Jun 30, 2017 | 31.18 |
| Jun 30, 2017 | 31.18 |
| Mar 31, 2017 | 30.99 |
| Mar 31, 2017 | 30.99 |
| Dec 31, 2016 | 34.61 |
| Dec 31, 2016 | 34.61 |
| Sep 30, 2016 | 69.69 |
| Sep 30, 2016 | 69.69 |
| Jun 30, 2016 | -15.49 |
| Jun 30, 2016 | -15.49 |
| Mar 31, 2016 | 32.60 |
| Mar 31, 2016 | 32.60 |
| Dec 31, 2015 | 54.08 |
| Dec 31, 2015 | 54.08 |
| Sep 30, 2015 | 8.27 |
| Sep 30, 2015 | 8.27 |
| Jun 30, 2015 | 30.20 |
| Jun 30, 2015 | 30.20 |
| Mar 31, 2015 | 33.63 |
| Mar 31, 2015 | 33.63 |
| Dec 31, 2014 | 38.37 |
| Dec 31, 2014 | 38.37 |
| Sep 30, 2014 | 41.60 |
| Sep 30, 2014 | 41.60 |
| Jun 30, 2014 | 34.83 |
| Jun 30, 2014 | 34.83 |
| Mar 31, 2014 | 36.61 |
| Mar 31, 2014 | 36.61 |
| Dec 31, 2013 | 34.14 |
| Dec 31, 2013 | 34.14 |
| Sep 30, 2013 | -6.79 |
| Sep 30, 2013 | -6.79 |
| Jun 30, 2013 | 35.71 |
| Jun 30, 2013 | 35.71 |
| Mar 31, 2013 | 34.93 |
| Mar 31, 2013 | 34.93 |
| Dec 31, 2012 | 35.21 |
| Dec 31, 2012 | 35.21 |
| Sep 30, 2012 | -48.68 |
| Sep 30, 2012 | -48.68 |
| Jun 30, 2012 | 35.06 |
| Jun 30, 2012 | 35.06 |
| Mar 31, 2012 | 36.68 |
| Mar 31, 2012 | 36.68 |
| Dec 31, 2011 | 36.83 |
| Dec 31, 2011 | 36.83 |
| Sep 30, 2011 | 35.42 |
| Sep 30, 2011 | 35.42 |
| Jun 30, 2011 | 36.45 |
| Jun 30, 2011 | 36.45 |
| Mar 31, 2011 | 37.89 |
| Mar 31, 2011 | 37.89 |
| Dec 31, 2010 | 37.41 |
| Dec 31, 2010 | 37.41 |
| Sep 30, 2010 | 22.57 |
| Sep 30, 2010 | 22.57 |
| Jun 30, 2010 | 40.29 |
| Jun 30, 2010 | 40.29 |
| Mar 31, 2010 | 24.37 |
| Mar 31, 2010 | 24.37 |
| Dec 31, 2009 | 36.84 |
| Dec 31, 2009 | 36.84 |
| Sep 30, 2009 | 26.45 |
| Sep 30, 2009 | 26.45 |
| Jun 30, 2009 | 34.22 |
| Jun 30, 2009 | 34.22 |
| Mar 31, 2009 | 45.59 |
| Mar 31, 2009 | 45.59 |