M&T Bank (MTB) Tax Rate (2009 - 2026)
M&T Bank (MTB) posted Tax Rate of 23.05% for Q2 2026, down 0.37 percentage points from 23.42% a year earlier and down 0.01 percentage points from the prior quarter.
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Analysis
M&T Bank (MTB) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at M&T Bank was 22.67%, up 0.15 percentage points year-over-year; for FY2025, it was 22.78%, up 0.97 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of -0.75 percentage points (FY2020 to FY2025).
- In prior years, M&T Bank's Tax Rate was 21.81% in FY2024 (-2.45 pp), 24.26% in FY2023 (+0.52 pp), 23.74% in FY2022 (-0.54 pp) and 24.28% in FY2021 (+0.75 pp).
- Quarterly Tax Rate has run from a low of 20.03% in Q1 2024 to a high of 25.19% in Q2 2023 over five years.
- On a year-over-year basis, Tax Rate has declined in each of the last three quarters, with an average year-over-year change of +0.04 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q2 2023, with a gain of 3.53 percentage points; the weakest was Q1 2024, with a drop of 4.16 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 23.06% (Q1 2026), 21.83% (Q4 2025) and 22.73% (Q3 2025).
Peer Set
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 | M&T Bank | 32.00 Bn | 32.00 Bn | - | 23.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.05% |
| Mar 31, 2026 | 23.06% |
| Dec 31, 2025 | 21.83% |
| Sep 30, 2025 | 22.73% |
| Jun 30, 2025 | 23.42% |
| Mar 31, 2025 | 23.26% |
| Dec 31, 2024 | 22.79% |
| Sep 30, 2024 | 20.68% |
| Jun 30, 2024 | 23.39% |
| Mar 31, 2024 | 20.03% |
| Dec 31, 2023 | 23.00% |
| Sep 30, 2023 | 23.93% |
| Jun 30, 2023 | 25.19% |
| Mar 31, 2023 | 24.19% |
| Dec 31, 2022 | 24.30% |
| Sep 30, 2022 | 23.71% |
| Jun 30, 2022 | 21.66% |
| Mar 31, 2022 | 23.80% |
| Dec 31, 2021 | 23.60% |
| Sep 30, 2021 | 24.59% |
API Access
M&T Bank 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=MTB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MTB", "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=MTB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();