Lufax Holding (LU) Tax Rate (2019 - 2024)
Lufax Holding (LU) posted quarterly Tax Rate of 102.81% for Q4 2024, down 7945.0% year-over-year from 1.31% in Q1 2024, and down 10805.86% quarter-over-quarter from 0.96% in Q3 2024.
Lufax Holding (LU) Tax Rate (2019 - 2024) Analysis & Trends
Lufax Holding (LU) has reported Tax Rate for 6 consecutive years, with 102.81% the latest figure, recorded in Q4 2024.
- In Q4 2024, Tax Rate fell 7945.0% year-over-year to 102.81%; the TTM figure through Dec 2024 stood at 41.07% (down 389.0% YoY), while the FY2025 annual figure was 73.01%, down 3206.0% from the prior year.
- Tax Rate eased to 102.81% in Q4 2024 per LU's latest filing, from 0.96% in the prior quarter.
- Across five years, Tax Rate topped out at 100.28% in Q2 2024 and bottomed at 285.56% in Q1 2024.
- Historically, Tax Rate has averaged 36.54% across 5 years, with a median of 30.13% in 2021.
- On a YoY basis, Tax Rate climbed as much as 12388 bps in 2024 and fell as far as 25129 bps in 2024.
- Lufax Holding's Tax Rate stood at 31.88% in 2020, then decreased by 4 bps to 33.26% in 2021, then jumped by 201 bps to 33.6% in 2022, then tumbled by 169 bps to 23.35% in 2023, then sank by 340 bps to 102.81% in 2024.
- Business Quant data shows LU's Tax Rate at 102.81% in Q4 2024, 0.96% in Q3 2024, and 100.28% in Q2 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 17.64% |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 20.01% |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 23.61% |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 20.90% |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 15.73% |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 25.38% |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | 4.17% |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | 16.45% |
| 10 | Lufax Holding | 2.51 Bn | -5.06 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -102.81% |
| Dec 31, 2024 | -102.81% |
| Dec 31, 2024 | -102.81% |
| Sep 30, 2024 | 0.96% |
| Sep 30, 2024 | 0.96% |
| Sep 30, 2024 | 0.96% |
| Jun 30, 2024 | 100.28% |
| Jun 30, 2024 | 100.28% |
| Jun 30, 2024 | 100.28% |
| Mar 31, 2024 | -285.56% |
| Mar 31, 2024 | -285.56% |
| Mar 31, 2024 | -285.56% |
| Dec 31, 2023 | -23.35% |
| Dec 31, 2023 | -23.35% |
| Dec 31, 2023 | -23.35% |
| Sep 30, 2023 | -56.82% |
| Sep 30, 2023 | -56.82% |
| Sep 30, 2023 | -56.82% |
| Jun 30, 2023 | -23.61% |
| Jun 30, 2023 | -23.61% |