Lloyds Banking (LYG) Tax Rate (2016 - 2026)
Lloyds Banking (LYG) reported Tax Rate of 23.21% for Q1 2026, up 204.0% year-over-year from 7.63% in Q1 2025, and down 114.12% quarter-over-quarter from 164.4% in Q4 2025.
Lloyds Banking (LYG) Tax Rate (2016 - 2026) Analysis & Trends
Lloyds Banking (LYG) has 11 years of Tax Rate data on file, last reported at 23.21% in Q1 2026.
- Tax Rate for Q1 2026 came in at 23.21%, up 204.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.98% (up 5073.0% YoY), and the FY2025 annual result was 28.58%, up 356.0% from the prior year.
- Tax Rate eased to 23.21% in Q1 2026 per LYG's latest filing, from 164.4% in the prior quarter.
- Over five years, Tax Rate peaked at 164.4% in Q4 2025 and troughed at 54.64% in Q4 2023.
- A 5-year average of 14.9% and a median of 25.59% in 2024 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2025: Tax Rate slumped 4895 bps in 2022, then soared 18759 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 9.61% in 2022, then slumped by 468 bps to 54.64% in 2023, then jumped by 58 bps to 23.2% in 2024, then jumped by 809 bps to 164.4% in 2025, then tumbled by 114 bps to 23.21% in 2026.
- Business Quant data shows LYG's Tax Rate at 23.21% in Q1 2026, 164.4% in Q4 2025, and 33.73% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | -22.54% |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | - |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | -23.21% |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | 19.21% |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | 19.83% |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | -25.87% |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | 25.76% |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | - |
| 10 | Pnc Financial Services | 96.18 Bn | 96.23 Bn | - | 18.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -23.21% |
| Mar 31, 2026 | -23.21% |
| Dec 31, 2025 | 164.40% |
| Dec 31, 2025 | 164.40% |
| Sep 30, 2025 | -33.73% |
| Sep 30, 2025 | -33.73% |
| Jun 30, 2025 | -29.04% |
| Jun 30, 2025 | -29.04% |
| Mar 31, 2025 | -25.25% |
| Mar 31, 2025 | -25.25% |
| Dec 31, 2024 | -23.20% |
| Dec 31, 2024 | -23.20% |
| Sep 30, 2024 | -26.62% |
| Sep 30, 2024 | -26.62% |
| Jun 30, 2024 | -27.54% |
| Jun 30, 2024 | -27.54% |
| Mar 31, 2024 | -25.37% |
| Mar 31, 2024 | -25.37% |
| Dec 31, 2023 | -54.64% |
| Dec 31, 2023 | -54.64% |