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-over-year from 12.71% in Q4 2022, and down 0.89% quarter-over-quarter from 24.94% in Q3 2023.
Itau Unibanco Holding (ITUB) Tax Rate (2009 - 2023) Analysis & Trends
Itau Unibanco Holding's Tax Rate history runs 14 years deep, the most recent figure standing at 25.16% for Q4 2023.
- In Q4 2023, Tax Rate rose 98.0% year-over-year to 25.16%; the TTM figure through Dec 2023 stood at 25.76% (down 7.0% YoY), while the FY2017 annual figure was 29.44%, up 1134.0% from the prior year.
- Tax Rate for Q4 2023 stood at 25.16%, down from 24.94% in the prior quarter.
- The five-year high for Tax Rate was 19.01% in Q3 2021, with the low at 118.18% in Q4 2020.
- The 4-year median for Tax Rate is 25.16% (2023), against an average of 33.4%.
- The sharpest annual moves came in 2021 and 2022: Tax Rate jumped 9834 bps in 2021, then tumbled 629 bps in 2022.
- Itau Unibanco Holding's Tax Rate stood at 118.18% in 2020, then surged by 83 bps to 19.84% in 2021, then tumbled by 32 bps to 26.14% in 2022, then climbed by 4 bps to 25.16% in 2023.
- Business Quant data shows ITUB's Tax Rate at 25.16% in Q4 2023, 24.94% in Q3 2023, and 26.61% in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 20.53% |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 19.74% |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -30.86% |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -26.78% |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | 28.68% |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | -14.17% |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 14.44% |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 22.68% |
| 10 | Itau Unibanco Holding | 40.31 Bn | 42.00 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% |