KPIs & Operating Metrics(New)
Growth Metrics

M (MHO) Tax Rate (2016 - 2025)

M (MHO) has disclosed Tax Rate for 16 consecutive years, with 20.59% as the latest value for Q4 2025.

  • Quarterly Tax Rate fell 116.0% to 20.59% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 23.48% through Dec 2025, up 32.0% year-over-year, with the annual reading at 23.48% for FY2025, 32.0% up from the prior year.
  • Tax Rate for Q4 2025 was 20.59% at M, down from 23.82% in the prior quarter.
  • The five-year high for Tax Rate was 24.89% in Q2 2022, with the low at 19.77% in Q4 2021.
  • Average Tax Rate over 5 years is 22.93%, with a median of 23.56% recorded in 2024.
  • The sharpest move saw Tax Rate skyrocketed 316bps in 2023, then plummeted -196bps in 2024.
  • Over 5 years, Tax Rate stood at 19.77% in 2021, then rose by 4bps to 20.55% in 2022, then grew by 15bps to 23.71% in 2023, then dropped by -8bps to 21.75% in 2024, then dropped by -5bps to 20.59% in 2025.
  • According to Business Quant data, Tax Rate over the past three periods came in at 20.59%, 23.82%, and 24.27% for Q4 2025, Q3 2025, and Q2 2025 respectively.