On Semiconductor (ON) Tax Rate (2009 - 2026)
On Semiconductor's Tax Rate came in at 16.02% for Q2 2026, up 0.94 percentage points from 15.08% a year earlier but down 10.21 percentage points from the prior quarter.
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Analysis
On Semiconductor (ON) Tax Rate (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 3, 2026, On Semiconductor reported Tax Rate of 11.82%, down 1.05 percentage points year-over-year; for FY2025, it came in at 5.86%, down 8.44 percentage points from FY2024.
- Tax Rate carries a five-year change of +39.73 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 14.30% in FY2024 (+0.49 pp), 13.81% in FY2023 (-5.60 pp), 19.41% in FY2022 (+6.74 pp) and 12.66% in FY2021 (+46.52 pp).
- The five-year range for quarterly Tax Rate is 6.48% (Q3 2025) to 26.23% (Q1 2026).
- Year-over-year, Tax Rate has increased for three consecutive quarters, with an average year-over-year change of +1.16 percentage points over the last eight quarters.
- The fastest year-over-year change in Tax Rate over five years came in Q3 2021 (a gain of 123.01 percentage points), and the weakest in Q4 2021 (a drop of 16.94 percentage points).
- Business Quant data shows ON's Tax Rate at 26.23% (Q1 2026), 16.26% (Q4 2025) and 6.48% (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 | Nvidia | 5,257.94 Bn | 5,032.10 Bn | 72.14 Bn | 16.53% |
| 2 | Taiwan Semiconductor Manufacturing | 2,182.39 Bn | 1,807.25 Bn | 27.22 Bn | 18.05% |
| 3 | Broadcom | 1,596.71 Bn | 1,522.75 Bn | 20.46 Bn | 14.32% |
| 4 | Micron Technology | 1,020.41 Bn | 926.05 Bn | 47.05 Bn | 14.88% |
| 5 | Advanced Micro Devices | 879.62 Bn | 836.36 Bn | 6.20 Bn | 9.88% |
| 6 | Asml Holding | 640.55 Bn | 596.23 Bn | 5.90 Bn | - |
| 7 | Intel | 470.49 Bn | 339.62 Bn | 6.51 Bn | - |
| 8 | Lam Research | 342.11 Bn | 318.91 Bn | 3.48 Bn | 10.87% |
| 9 | Applied Materials | 328.25 Bn | 293.69 Bn | 4.59 Bn | 12.69% |
| 10 | On Semiconductor | 28.62 Bn | 16.93 Bn | 616.30 Mn | 16.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 16.02% |
| Dec 31, 2025 | 16.26% |
| Oct 3, 2025 | 6.48% |
| Jul 4, 2025 | 15.08% |
| Dec 31, 2024 | 14.17% |
| Sep 27, 2024 | 11.42% |
| Jun 28, 2024 | 15.84% |
| Mar 29, 2024 | 15.70% |
| Dec 31, 2023 | 7.78% |
| Sep 29, 2023 | 16.43% |
| Jun 30, 2023 | 15.32% |
| Mar 31, 2023 | 15.33% |
| Dec 31, 2022 | 20.83% |
| Sep 30, 2022 | 23.33% |
| Jul 1, 2022 | 19.04% |
| Apr 1, 2022 | 15.46% |
| Dec 31, 2021 | 8.54% |
| Oct 1, 2021 | 16.60% |
| Jul 2, 2021 | 17.07% |
| Apr 2, 2021 | 7.29% |
API Access
On Semiconductor 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=ON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "ON", "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=ON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();