Itau Unibanco Holding (ITUB) Tax Rate (2009 - 2023)
Itau Unibanco Holding (ITUB) posted quarterly Tax Rate of 25.16% for Q4 2023, up 98.0% year-on-year from 12.71% in Q4 2022, and down 0.89% on a QoQ basis from 24.94% in Q3 2023.
Itau Unibanco Holding (ITUB) Tax Rate (2009 - 2023) Analysis & Trends
Itau Unibanco Holding (ITUB) has reported Tax Rate for 14 consecutive years, with 25.16% the latest figure, recorded in Q4 2023.
- Quarterly Tax Rate rose 98.0% year-over-year to 25.16% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 25.76% (down 7.0% YoY) and the FY2020 annual result came in at 38.41%, changed N/A from the prior year.
- Tax Rate eased to 25.16% in Q4 2023 per ITUB's latest filing, from 24.94% in the prior quarter.
- Over the last five years, Tax Rate for ITUB reached as high as 19.01% in Q3 2021 and fell as low as 118.18% in Q4 2020.
- A 4-year average of 33.4% and a median of 25.16% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2021 — Tax Rate soared 9834 bps — and 2022, when it tumbled 629 bps.
- Year by year, Tax Rate stood at 118.18% in 2020, then surged by 83 bps to 19.84% in 2021, then plunged by 32 bps to 26.14% in 2022, then rose by 4 bps to 25.16% in 2023.
- According to Business Quant data, Tax Rate over the past three periods registered 25.16%, 24.94%, and 26.61% for Q4 2023, Q3 2023, and Q2 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | 0.02% |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | 25,760,269.96% |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | -22.54% |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | -25.87% |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | 3.25% |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | -23.21% |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | 19.21% |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 19.83% |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | 18.98% |
| 10 | Itau Unibanco Holding | 90.02 Bn | 47.32 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | -25.16% |
| Dec 31, 2023 | -25.16% |
| Dec 31, 2023 | -25.16% |
| Sep 30, 2023 | -24.94% |
| Sep 30, 2023 | -24.94% |
| Sep 30, 2023 | -24.94% |
| Jun 30, 2023 | -26.61% |
| Jun 30, 2023 | -26.61% |
| Jun 30, 2023 | -26.61% |
| Mar 31, 2023 | -29.85% |
| Mar 31, 2023 | -29.85% |
| Mar 31, 2023 | -29.85% |
| Dec 31, 2022 | -26.14% |
| Dec 31, 2022 | -26.14% |
| Dec 31, 2022 | -26.14% |
| Sep 30, 2022 | -24.88% |
| Sep 30, 2022 | -24.88% |
| Sep 30, 2022 | -24.88% |
| Jun 30, 2022 | -25.13% |
| Jun 30, 2022 | -25.13% |