Newmont (NEM) Tax Rate (2009 - 2026)
Newmont's Tax Rate came in at 31.74% for Q2 2026, down 3.28 percentage points from 35.02% a year earlier but up 1.11 percentage points from the prior quarter.
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Analysis
Newmont (NEM) Tax Rate (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Newmont reported Tax Rate of 39.09%, up 8.24 percentage points year-over-year; for FY2025, it was 40.52%, up 10.00 percentage points from FY2024.
- Tax Rate has increased in each of the last three years, with a five-year change of +18.12 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 30.52% in FY2024 (+56.42 pp), -25.90% in FY2023 (+866.26 pp), -892.16% in FY2022 (-991.25 pp) and 99.10% in FY2021 (+76.70 pp).
- The five-year range for quarterly Tax Rate is -312.68% (Q3 2021) to 63.77% (Q4 2025).
- Year-over-year, Tax Rate increased in five of the last eight quarters, with an average year-over-year change of +6.17 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q3 2022 (a gain of 345.11 percentage points), and the weakest in Q3 2021 (a drop of 347.34 percentage points).
- Business Quant data shows NEM's Tax Rate at 30.63% (Q1 2026), 63.77% (Q4 2025) and 31.39% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 167.53 Bn | 146.32 Bn | 2.90 Bn | - |
| 3 | Rio Tinto | 145.19 Bn | 105.69 Bn | - | - |
| 4 | Newmont | 125.76 Bn | 93.76 Bn | 4.03 Bn | 31.74% |
| 5 | Freeport-Mcmoran | 100.06 Bn | 84.10 Bn | 2.19 Bn | 28.19% |
| 6 | Agnico Eagle Mines | 94.12 Bn | 83.75 Bn | 2.43 Bn | 31.10% |
| 7 | Barrick Mining | 69.05 Bn | 44.25 Bn | 2.90 Bn | 27.90% |
| 8 | Nucor | 59.59 Bn | 48.98 Bn | 2.03 Bn | 21.23% |
| 9 | ArcelorMittal | 47.82 Bn | 26.84 Bn | - | - |
| 10 | AngloGold Ashanti | 46.49 Bn | 34.38 Bn | 1.70 Bn | 86.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.74% |
| Mar 31, 2026 | 30.63% |
| Dec 31, 2025 | 63.77% |
| Sep 30, 2025 | 31.39% |
| Jun 30, 2025 | 35.02% |
| Mar 31, 2025 | 26.18% |
| Dec 31, 2024 | 34.18% |
| Sep 30, 2024 | 23.04% |
| Jun 30, 2024 | 18.44% |
| Mar 31, 2024 | 60.75% |
| Sep 30, 2023 | 31.47% |
| Jun 30, 2023 | 54.33% |
| Mar 31, 2023 | 39.52% |
| Sep 30, 2022 | 32.43% |
| Jun 30, 2022 | 8.09% |
| Mar 31, 2022 | 34.08% |
| Jun 30, 2021 | 36.16% |
| Mar 31, 2021 | 31.63% |
| Dec 31, 2020 | 27.62% |
| Sep 30, 2020 | 34.66% |
API Access
Newmont 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=NEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "NEM", "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=NEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();