Itau Unibanco Holding (ITUB) Tax Rate (2009 - 2023)
Itau Unibanco Holding's (ITUB) quarterly Tax Rate came in at 25.16% in Q4 2023, up 98.0% year-on-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.
- On a quarterly basis, Tax Rate rose 98.0% year-over-year to 25.16% in Q4 2023; TTM through Dec 2023 was 25.76%, a 7.0% decrease from a year earlier, with the FY2021 full-year figure at 32.79%, up 562.0% 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.
- Across five years, Tax Rate topped out at 19.01% in Q3 2021 and bottomed at 118.18% in Q4 2020.
- The 4-year median for Tax Rate is 25.16% (2023), against an average of 33.4%.
- Across the five-year window, Tax Rate jumped 9834 bps in 2021 and plunged 629 bps in 2022, its largest moves.
- Year by year, Tax Rate stood at 118.18% in 2020, then soared by 83 bps to 19.84% in 2021, then slumped by 32 bps to 26.14% in 2022, then grew by 4 bps to 25.16% in 2023.
- Per Business Quant, the three latest ITUB Tax Rate figures stand at 25.16% (Q4 2023), 24.94% (Q3 2023), and 26.61% (Q2 2023).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 42,090.38 Bn | 42,090.38 Bn | -786,828.77 | 0.05 |
| 2 | Shinhan Financial | 33,919.15 Bn | 33,919.15 Bn | - | 25.76 |
| 3 | Bank Of Chile | 4,123.52 Bn | 4,123.52 Bn | 167,623.00 | -22.54 |
| 4 | Lloyds Banking | 360.83 Bn | 360.83 Bn | - | -23.21 |
| 5 | First Capital | 204.17 Bn | 203.82 Bn | - | 19.21 |
| 6 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 19.83 |
| 7 | NatWest | 144.82 Bn | -51.17 Bn | - | -25.87 |
| 8 | Pnc Financial Services | 101.80 Bn | 101.80 Bn | - | 18.98 |
| 9 | Us Bancorp | 99.51 Bn | 99.51 Bn | - | 19.39 |
| 10 | Itau Unibanco Holding | 89.22 Bn | 46.51 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 |