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
DateValue
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