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% quarter-over-quarter from 13.38% in Q4 2025.
Helmerich & Payne (HP) Tax Rate (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has 18 years of Tax Rate data on file, last reported at 19.97% in Q1 2026.
- Tax Rate for Q1 2026 came in at 19.97%, down 11334.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 13.29% (down 5159.0% YoY), and the FY2025 annual result was 115.82%, down 14427.0% from the prior year.
- Tax Rate fell to 19.97% in Q1 2026 per HP's latest filing, from 13.38% in the prior quarter.
- Over five years, Tax Rate peaked at 93.37% in Q1 2025 and troughed at 138.32% in Q1 2022.
- A 5-year average of 12.29% and a median of 25.01% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate sank 16122 bps in 2022, then soared 16207 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 25.01% in 2022, then slipped by 4 bps to 24.03% in 2023, then gained by 18 bps to 28.33% in 2024, then slumped by 147 bps to 13.38% in 2025, then plunged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 34.05% |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | 37.67% |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | -317.65% |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | 12.81% |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | -19.97% |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 143.75% |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | - |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | 55.93% |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | 62.01% |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | 181.73% |
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% |