Hydro One (HYNLY) Tax Rate (2017 - 2026)

Hydro One (HYNLY) reported Tax Rate of 9.43% for Q1 2026, down 643.0% year-over-year from 1.74% in Q1 2025, and down 17.06% quarter-over-quarter from 11.36% in Q4 2025.

Hydro One (HYNLY) Tax Rate (2017 - 2026) Analysis & Trends

Hydro One (HYNLY) has 10 years of Tax Rate data on file, last reported at 9.43% in Q1 2026.

  • Tax Rate for Q1 2026 came in at 9.43%, down 643.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.19% (down 165.0% YoY), and the FY2025 annual result was 13.97%, up 52.0% from the prior year.
  • Tax Rate eased to 9.43% in Q1 2026 per HYNLY's latest filing, from 11.36% in the prior quarter.
  • Over five years, Tax Rate peaked at 24.39% in Q3 2022 and troughed at 6.63% in Q4 2023.
  • A 5-year average of 14.96% and a median of 15.64% in 2025 frame the typical range for Tax Rate.
  • The sharpest annual moves came in 2022 and 2023: Tax Rate jumped 1142 bps in 2022, then plunged 1530 bps in 2023.
  • A 5-year view of Tax Rate shows it stood at 18.64% in 2022, then sank by 64 bps to 6.63% in 2023, then grew by 18 bps to 7.8% in 2024, then jumped by 46 bps to 11.36% in 2025, then retreated by 17 bps to 9.43% in 2026.
  • Business Quant data shows HYNLY's Tax Rate at 9.43% in Q1 2026, 11.36% in Q4 2025, and 12.37% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Fortis 664.76 Bn 664.50 Bn 1.70 Bn 16.62
2 Dominion Energy 60.27 Bn 64.46 Bn 4.03 Bn 5.15
3 Xcel Energy 48.32 Bn 46.42 Bn 3.35 Bn -9.23
4 Wec Energy 36.56 Bn 36.93 Bn 2.83 Bn 6.18
5 Ameren 30.01 Bn 30.12 Bn 1.69 Bn 14.35
6 Korea Electric Power 28.97 Bn 14.20 Bn 11.57 Bn -
7 Edison International 27.64 Bn 27.48 Bn 3.85 Bn 26.18
8 Firstenergy 26.85 Bn 28.22 Bn 2.74 Bn 22.85
9 Cms Energy 22.51 Bn 22.92 Bn 2.28 Bn 23.48
10 Hydro One - - - 9.43

Historic Data

Download Data
DateValue
Mar 31, 2026 9.43%
Mar 31, 2026 9.43%
Dec 31, 2025 11.36%
Dec 31, 2025 11.36%
Sep 30, 2025 12.37%
Sep 30, 2025 12.37%
Jun 30, 2025 15.64%
Jun 30, 2025 15.64%
Mar 31, 2025 15.85%
Mar 31, 2025 15.85%
Dec 31, 2024 7.80%
Dec 31, 2024 7.80%
Sep 30, 2024 13.02%
Sep 30, 2024 13.02%
Jun 30, 2024 16.19%
Jun 30, 2024 16.19%
Mar 31, 2024 14.74%
Mar 31, 2024 14.74%
Dec 31, 2023 6.63%
Dec 31, 2023 6.63%