Helmerich & Payne (HP) Tax Rate (2009 - 2026)
Helmerich & Payne (HP) posted quarterly Tax Rate of 19.97% for Q1 2026, down 11325.0% year-over-year from N/an in Q1 2025, and down 49.28% quarter-over-quarter from 13.38% in Q4 2025.
Helmerich & Payne (HP) Tax Rate (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has reported Tax Rate for 18 consecutive years, with 19.97% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate fell 11325.0% year-over-year to 19.97%; the TTM figure through Mar 2026 stood at 13.29% (down 5156.0% YoY), while the FY2025 annual figure was 115.82%, down 14427.0% from the prior year.
- Tax Rate eased 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 93.28% in Q1 2025 and bottomed at 136.89% in Q1 2022.
- Historically, Tax Rate has averaged 12.36% across 5 years, with a median of 25.01% in 2022.
- Annual changes were most pronounced in 2022 — Tax Rate plunged 15977 bps — and 2023, when it surged 16065 bps.
- Helmerich & Payne's Tax Rate stood at 25.01% in 2022, then declined by 4 bps to 24.03% in 2023, then gained by 18 bps to 28.27% in 2024, then slumped by 147 bps to 13.38% in 2025, then sank by 49 bps to 19.97% in 2026.
- Business Quant data shows HP's Tax Rate at 19.97% in Q1 2026, 13.38% in Q4 2025, and 10.09% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | -79.89% |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 7.61% |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 30.97% |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 48.10% |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 29.27% |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | -4.73% |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 110.23% |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 22.14% |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 41.69% |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | -72.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 48.10% |
| Jun 30, 2026 | 48.10% |
| Jun 30, 2026 | 48.10% |
| Mar 31, 2026 | -19.97% |
| Mar 31, 2026 | -19.97% |
| Mar 31, 2026 | -19.97% |
| Dec 31, 2025 | -13.38% |
| Dec 31, 2025 | -13.38% |
| Dec 31, 2025 | -13.38% |
| Sep 30, 2025 | 10.09% |
| Sep 30, 2025 | 10.09% |
| Sep 30, 2025 | 10.09% |
| Jun 30, 2025 | -21.82% |
| Jun 30, 2025 | -21.82% |
| Jun 30, 2025 | -21.82% |
| Mar 31, 2025 | 93.28% |
| Mar 31, 2025 | 93.28% |
| Mar 31, 2025 | 93.28% |
| Dec 31, 2024 | 28.27% |
| Dec 31, 2024 | 28.27% |