Latam Airlines (LTM) Tax Rate (2010 - 2026)

Latam Airlines has reported Tax Rate for 16 years, with the latest figure at 8.38% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate fell 629.0% year-over-year to 8.38%; the trailing twelve-month figure through Mar 2026 stood at 9.58% (up 792.0% YoY), and the FY2025 full-year result was 9.58%, up 792.0% from the prior year.
• Tax Rate for Q1 2026 stood at 8.38%, down from 9.59% in the prior quarter.
• The five-year high for Tax Rate was 10.18% in Q3 2024, with the low at 21.09% in Q3 2022.
• Historically, Tax Rate has averaged 2.14% across 5 years, with a median of 1.9% in 2023.
• Annual changes were most pronounced in 2022 — Tax Rate jumped 3189 bps — and 2025, when it tumbled 2571 bps.
• Latam Airlines' Tax Rate stood at 0.66% in 2022, then surged by 283 bps to 2.51% in 2023, then slumped by 34 bps to 1.66% in 2024, then soared by 478 bps to 9.59% in 2025, then plunged by 187 bps to 8.38% in 2026.
• The last three Tax Rate figures came in at 8.38% (Q1 2026), 9.59% (Q4 2025), and 15.53% (Q3 2025), per Business Quant data.