Newmont (NEMCL) Tax Rate (2009 - 2026)
Newmont (NEMCL) posted quarterly Tax Rate of 30.63% for Q1 2026, up 445.0% year-over-year from 5.62% in Q1 2025, and down 51.96% on a QoQ basis from 63.77% in Q4 2025.
Newmont (NEMCL) Tax Rate (2009 - 2026) Analysis & Trends
Newmont (NEMCL) has reported Tax Rate for 18 consecutive years, with 30.63% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 445.0% year-over-year to 30.63%; the TTM figure through Mar 2026 stood at 39.79% (up 1284.0% YoY), while the FY2025 annual figure was 40.52%, up 1000.0% from the prior year.
- Tax Rate came in at 30.63% for Q1 2026 at Newmont, down from 63.77% in the prior quarter.
- The five-year high for Tax Rate was 63.77% in Q4 2025, with the low at 30.64% in Q2 2022.
- Average Tax Rate over 5 years is 27.88%, with a median of 31.47% recorded in 2023.
- The largest YoY upside for Tax Rate was 34511 bps in 2022 against a maximum downside of 6680 bps in 2022.
- Year by year, Tax Rate stood at 8.1% in 2022, then soared by 69 bps to 2.48% in 2023, then jumped by 1477 bps to 34.18% in 2024, then surged by 87 bps to 63.77% in 2025, then tumbled by 52 bps to 30.63% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 30.63%, 63.77%, and 31.39% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | -22.87% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 85.30% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 30.63% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | -16.06% |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 14.49% |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | -4.28% |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 21.40% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | -35.21% |
| 10 | Newmont | - | - | 7.29 Bn | 30.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.63% |
| Mar 31, 2026 | 30.63% |
| Dec 31, 2025 | 63.77% |
| Dec 31, 2025 | 63.77% |
| Sep 30, 2025 | 31.39% |
| Sep 30, 2025 | 31.39% |
| Jun 30, 2025 | 35.02% |
| Jun 30, 2025 | 35.02% |
| Mar 31, 2025 | 26.18% |
| Mar 31, 2025 | 26.18% |
| Dec 31, 2024 | 34.18% |
| Dec 31, 2024 | 34.18% |
| Sep 30, 2024 | 23.04% |
| Sep 30, 2024 | 23.04% |
| Jun 30, 2024 | 18.44% |
| Jun 30, 2024 | 18.44% |
| Mar 31, 2024 | 60.75% |
| Mar 31, 2024 | 60.75% |
| Dec 31, 2023 | -2.48% |
| Dec 31, 2023 | -2.48% |