Magyar Bancorp (MGYR) Tax Rate (2010 - 2026)
Magyar Bancorp's Tax Rate was 28.95% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 0.05 percentage points from 28.90% a year earlier but down 0.06 percentage points from the prior quarter.
Magyar Bancorp (MGYR) Tax Rate (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Magyar Bancorp's Tax Rate was 28.87% through Jun 30, 2026, down 2.62 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 29.32%, down 0.56 percentage points from FY2024.
- Tax Rate shows a five-year change of -0.28 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Tax Rate was 29.88% in FY2024 (+1.65 pp), 28.23% in FY2023 (-0.87 pp), 29.10% in FY2022 (-0.76 pp) and 29.86% in FY2021 (+0.25 pp).
- Quarterly Tax Rate has moved between 21.71% (fiscal Q2 2024) and 38.49% (fiscal Q4 2024) over five years.
- Compared with a year earlier, Tax Rate was higher in five of the last eight quarters, with an average year-over-year change of +2.24 percentage points.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q4 2024 (a gain of 14.91 percentage points); the worst was fiscal Q2 2024 (a drop of 8.84 percentage points).
- Per Business Quant data, MGYR's Tax Rate in the three fiscal quarters before Q3 2026 was 29.01% (Q2 2026), 26.68% (Q1 2026) and 31.20% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 881.30 Bn | 881.30 Bn | - | 23.12% |
| 2 | Bank Of America | 354.90 Bn | -2,021.17 Bn | - | 21.54% |
| 3 | Hsbc Holdings | 311.39 Bn | -1,517.77 Bn | - | 60.94% |
| 4 | Morgan Stanley | 282.15 Bn | -226.95 Bn | - | 23.07% |
| 5 | Royal Bank Of Canada | 281.68 Bn | -548.32 Bn | - | 22.26% |
| 6 | Goldman Sachs | 255.22 Bn | -3,301.89 Bn | - | 22.60% |
| 7 | Mitsubishi Ufj Financial | 249.82 Bn | -82.42 Bn | 10.89 Bn | 24.29% |
| 8 | Wells Fargo & Company | 249.49 Bn | 251.62 Bn | - | 17.42% |
| 9 | Toronto Dominion Bank | 210.53 Bn | -465.35 Bn | - | - |
| 10 | Magyar Bancorp | 128.50 Mn | 28.19 Mn | - | 28.95% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.95% |
| Mar 31, 2026 | 29.01% |
| Dec 31, 2025 | 26.68% |
| Sep 30, 2025 | 31.20% |
| Jun 30, 2025 | 28.90% |
| Mar 31, 2025 | 29.00% |
| Dec 31, 2024 | 27.85% |
| Sep 30, 2024 | 38.49% |
| Jun 30, 2024 | 22.86% |
| Mar 31, 2024 | 21.71% |
| Dec 31, 2023 | 29.76% |
| Sep 30, 2023 | 23.57% |
| Jun 30, 2023 | 29.12% |
| Mar 31, 2023 | 30.55% |
| Dec 31, 2022 | 30.12% |
| Sep 30, 2022 | 29.15% |
| Jun 30, 2022 | 29.50% |
| Mar 31, 2022 | 29.13% |
| Dec 31, 2021 | 28.47% |
| Sep 30, 2021 | 30.51% |
Magyar 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=MGYR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MGYR", "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=MGYR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();