Lloyds Banking (LYG) Tax Rate (2010 - 2026)
Lloyds Banking's (LYG) quarterly Tax Rate came in at 23.21% in Q1 2026, up 204.0% year-on-year from 7.63% in Q1 2025, and down 114.12% on a QoQ basis from 164.4% in Q4 2025.
Lloyds Banking (LYG) Tax Rate (2010 - 2026) Analysis & Trends
Lloyds Banking (LYG) has 17 years of Tax Rate data on file, last reported at 23.21% in Q1 2026.
- On a quarterly basis, Tax Rate rose 204.0% year-over-year to 23.21% in Q1 2026; TTM through Mar 2026 was 24.98%, a 5875.0% increase from a year earlier, with the FY2025 full-year figure at 28.58%, up 356.0% from the prior year.
- Tax Rate for Q1 2026 stood at 23.21%, down from 164.4% in the prior quarter.
- Over the last five years, Tax Rate for LYG reached as high as 164.4% in Q4 2025 and fell as low as 56.44% in Q4 2024.
- Historically, Tax Rate has averaged 17.15% across 5 years, with a median of 25.59% in 2024.
- Across the five-year window, Tax Rate slumped 4151 bps in 2022 and surged 22084 bps in 2025, its largest moves.
- Year by year, Tax Rate stood at 19.82% in 2022, then sank by 176 bps to 54.64% in 2023, then declined by 3 bps to 56.44% in 2024, then surged by 391 bps to 164.4% in 2025, then plunged by 114 bps to 23.21% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 23.21% in Q1 2026, 164.4% in Q4 2025, and 33.73% in Q3 2025.
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 |
|---|---|
| Mar 31, 2026 | -23.21 |
| Mar 31, 2026 | -23.21 |
| Mar 31, 2026 | -23.21 |
| Dec 31, 2025 | 164.40 |
| Dec 31, 2025 | 164.40 |
| Dec 31, 2025 | 164.40 |
| Sep 30, 2025 | -33.73 |
| Sep 30, 2025 | -33.73 |
| Sep 30, 2025 | -33.73 |
| Jun 30, 2025 | -29.04 |
| Jun 30, 2025 | -29.04 |
| Jun 30, 2025 | -29.04 |
| Mar 31, 2025 | -25.25 |
| Mar 31, 2025 | -25.25 |
| Mar 31, 2025 | -25.25 |
| Dec 31, 2024 | -56.44 |
| Dec 31, 2024 | -56.44 |
| Dec 31, 2024 | -56.44 |
| Sep 30, 2024 | -26.62 |
| Sep 30, 2024 | -26.62 |