Icahn Enterprises (IEP) Tax Rate (2010 - 2025)
Icahn Enterprises' Tax Rate came in at -0.52% for Q2 2026, down 18.81 percentage points from 18.29% a year earlier and down 8.52 percentage points from the prior quarter.
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Analysis
Icahn Enterprises (IEP) Tax Rate (2010 - 2025) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Icahn Enterprises reported Tax Rate of -11.96%, down 28.01 percentage points year-over-year; for FY2025, it came in at 5.51%, up 1.10 percentage points from FY2024.
- Tax Rate carries a five-year change of +1.02 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 4.41% in FY2024 (+14.17 pp), -9.76% in FY2023 (-387.54 pp), 377.78% in FY2022 (+364.28 pp) and 13.49% in FY2021 (+9.01 pp).
- The five-year range for quarterly Tax Rate is -158.82% (Q4 2025) to 145.45% (Q3 2023).
- Year-over-year, Tax Rate has declined for three consecutive quarters, with an average year-over-year change of -28.93 percentage points over the last eight quarters.
- The fastest year-over-year change in Tax Rate over five years came in Q2 2022 (a gain of 1965.96 percentage points), and the weakest in Q4 2025 (a drop of 176.12 percentage points).
- Business Quant data shows IEP's Tax Rate at 8.01% (Q1 2026), -158.82% (Q4 2025) and 23.61% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 137.97 Bn | 121.73 Bn | 9.27 Bn | 20.68% |
| 2 | Valero Energy | 134.23 Bn | 111.17 Bn | 5.47 Bn | 21.17% |
| 3 | HF Sinclair | 23.03 Bn | 17.20 Bn | 1.57 Bn | 23.81% |
| 4 | PBF Energy | 10.79 Bn | 8.35 Bn | 1.15 Bn | 25.56% |
| 5 | Sunoco | 10.43 Bn | 4.80 Bn | 1.46 Bn | 21.82% |
| 6 | Ultrapar Holdings | 8.35 Bn | 1.76 Bn | 912.61 Mn | 51.44% |
| 7 | Cvr Energy | 6.36 Bn | 3.93 Bn | 117.00 Mn | 17.86% |
| 8 | Delek US Holdings | 4.96 Bn | 2.45 Bn | 365.10 Mn | 18.84% |
| 9 | Icahn Enterprises | 4.49 Bn | -1.27 Bn | - | - |
| 10 | Par Pacific Holdings | 4.36 Bn | 3.68 Bn | 852.68 Mn | 23.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 23.61% |
| Sep 30, 2023 | 145.45% |
| Mar 31, 2022 | 9.97% |
| Mar 31, 2021 | 2.76% |
| Dec 31, 2020 | 0.53% |
| Jun 30, 2020 | 12.90% |
| Mar 31, 2018 | 4.43% |
| Sep 30, 2017 | 2.20% |
| Jun 30, 2017 | 0.18% |
| Sep 30, 2016 | 5.93% |
| Jun 30, 2015 | 17.28% |
| Mar 31, 2015 | 10.40% |
| Jun 30, 2014 | 6.80% |
| Mar 31, 2014 | 57.22% |
| Sep 30, 2013 | 4.41% |
| Jun 30, 2013 | 51.05% |
| Mar 31, 2013 | 14.46% |
| Sep 30, 2012 | 52.63% |
| Jun 30, 2011 | 3.95% |
| Mar 31, 2011 | 2.93% |
API Access
Icahn Enterprises Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=IEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "IEP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=IEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();