Merchants Bancorp (MBIN) Tax Rate (2016 - 2026)
Merchants Bancorp's Tax Rate came in at 21.53% for Q2 2026, down 0.70 percentage points from 22.23% a year earlier but up 1.87 percentage points from the prior quarter.
Merchants Bancorp (MBIN) Tax Rate (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Merchants Bancorp reported Tax Rate of 16.73%, down 7.60 percentage points year-over-year; for FY2025, it came in at 17.07%, down 7.12 percentage points from FY2024.
- Tax Rate carries a five-year change of -8.75 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 24.19% in FY2024 (+4.46 pp), 19.74% in FY2023 (-4.79 pp), 24.53% in FY2022 (-0.99 pp) and 25.52% in FY2021 (-0.29 pp).
- The five-year range for quarterly Tax Rate is 4.77% (Q2 2023) to 25.57% (Q3 2021).
- Year-over-year, Tax Rate has declined for five consecutive quarters, with an average year-over-year change of -3.47 percentage points over the last eight quarters.
- The fastest year-over-year change in Tax Rate over five years came in Q2 2024 (a gain of 18.16 percentage points), and the weakest in Q2 2023 (a drop of 20.35 percentage points).
- Business Quant data shows MBIN's Tax Rate at 19.66% (Q1 2026), 8.17% (Q4 2025) and 15.30% (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.53% |
| Mar 31, 2026 | 19.66% |
| Dec 31, 2025 | 8.17% |
| Sep 30, 2025 | 15.30% |
| Jun 30, 2025 | 22.23% |
| Mar 31, 2025 | 23.87% |
| Dec 31, 2024 | 25.19% |
| Sep 30, 2024 | 24.68% |
| Jun 30, 2024 | 22.93% |
| Mar 31, 2024 | 23.83% |
| Dec 31, 2023 | 22.10% |
| Sep 30, 2023 | 23.51% |
| Jun 30, 2023 | 4.77% |
| Mar 31, 2023 | 25.05% |
| Dec 31, 2022 | 23.67% |
| Sep 30, 2022 | 24.43% |
| Jun 30, 2022 | 25.12% |
| Mar 31, 2022 | 24.98% |
| Dec 31, 2021 | 24.16% |
| Sep 30, 2021 | 25.57% |
Merchants Bancorp Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MBIN&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MBIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MBIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();